$1,500,000
$1,549,000
3.2%For more information regarding the value of a property, please contact us for a free consultation.
7 Beds
3 Baths
2,837 SqFt
SOLD DATE : 05/10/2024
Key Details
Sold Price $1,500,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 2,837 sqft
Price per Sqft $528
Subdivision Interurban Park
MLS Listing ID 4376866
Sold Date 05/10/24
Bedrooms 7
Full Baths 2
Three Quarter Bath 1
HOA Y/N No
Abv Grd Liv Area 1,987
Originating Board recolorado
Year Built 1950
Annual Tax Amount $6,444
Tax Year 2023
Lot Size 6,969 Sqft
Acres 0.16
Property Description
Introducing 2002 Baseline - an exceptional income property opportunity ideally situated just one block off campus, offering convenience and comfort for university students. All are leased through July 2024, with most leased through July 2025, providing a stable and lucrative rental income. THE CURRENT CAP RATE IS 5.6%! The seller has made significant investments to enhance the property's appeal, including a forthcoming balcony off the second floor and a new deck complete with a spiral staircase, offering a perfect setting for relaxation and enjoyment, not to mention outstanding views of the Flatirons. Further upgrades include a new 50-gallon water heater, a new refrigerator, a new roof with Class 4 shingles, and new gutters, ensuring modern comfort and efficiency for the tenants and the property. A new egress window was added in the basement bedroom, new insulation in the attic, and some new windows further enhance the property's overall value. This income property presents an incredible opportunity for investors seeking a turnkey investment with a proven track record of rental success. Don't miss out on owning this prime income-generating property that offers current stability and future potential.
Location
State CO
County Boulder
Rooms
Basement Finished, Walk-Out Access
Main Level Bedrooms 2
Interior
Interior Features Built-in Features, Ceiling Fan(s), Eat-in Kitchen, Pantry
Heating Forced Air
Cooling Central Air
Flooring Wood
Fireplaces Number 1
Fireplaces Type Gas
Fireplace Y
Appliance Dishwasher, Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Washer
Exterior
Exterior Feature Balcony, Fire Pit, Private Yard, Rain Gutters
Garage Spaces 2.0
Fence Full
Roof Type Composition
Total Parking Spaces 9
Garage Yes
Building
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Block,Frame,Stucco
Schools
Elementary Schools Creekside
Middle Schools Manhattan
High Schools Boulder
School District Boulder Valley Re 2
Others
Senior Community No
Ownership Individual
Acceptable Financing Cash, Conventional, Jumbo
Listing Terms Cash, Conventional, Jumbo
Special Listing Condition None
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Bought with 8z Rentals