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1220 11th St

Boulder, CO 80302
  • $3,475,000
  • STATUS: Active
  • ON SITE: 30 Days
  • MLS #: 998960
$3,475,000
  • 8
    BEDS
  • 0.11
    ACRES
  • 6
    BATHS
  • 0
    1/2 BATHS
  • 4,074
    SQFT
  • $853
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1958
County:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

Superb student rental in the HEART of The Hill on Pleasant street near fraternity houses. Tremendous rentability for this 5-plex in an unbeatable location only 2 blocks west of campus and 5 minute walk to restaurants and shopping. This property is composed of a 4 bedroom bungalow and an attached 4 unit building. The north side of the property is currently rented as 2, 3 bedroom units with 2 baths and 2 kitchens, legal room share. Each one bedroom has occupancy for 4 people. 20 person occupancy for the entire 5 plex. Parking lot on Pleasant St allows for 4 spots that fit 8 cars. The north side is brand new having been completely rebuilt from the studs up after a fire in 2019. New water main and new boiler. 4 high end full kitchens with granite countertops, modern dishwashers, OTC microwaves W/Ds, and stainless steel appliances. The attached 4 bedroom on the south side feels like a single family home is well maintained. Sunset mountain views to the west from a welcoming front porch. Wood floors, separate kitchen and dining area. All bedrooms are spacious with generous sized closets. Tons of natural light make the property warm and inviting. Two huge primary bedrooms on the main level with one shared bath with generous sized closets. There are 2 secondary bedrooms on the lower level that are spacious and bright, one with a private entrance.Almost no shared walls. Well insulated for isolated sound for all and lowered heat costs. Great investment opportunity! 1220 11th is pre-leased to Aug 2025.

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© 2023 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Taylor Home Partners. Data last updated: 2023-11-29T23:42:34.22.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
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1220 11th St Boulder, CO 80302

  • Price: $3,475,000
  • Status: Active
  • On Site: 30 Days
  • MLS #: 998960
8
Beds
6
Baths
0
½ Baths
0.11
Acres
4,074
SQFT
$853
$/SQFT
1958
Built
Neighborhood:
Capitol Hill
County:
Boulder
Area:
01 Boulder City Limits
Elementary School:
Flatirons
Middle School:
Manhattan
High School:
Boulder
School District:
Boulder Valley Dist Re2
Property Description
Superb student rental in the HEART of The Hill on Pleasant street near fraternity houses. Tremendous rentability for this 5-plex in an unbeatable location only 2 blocks west of campus and 5 minute walk to restaurants and shopping. This property is composed of a 4 bedroom bungalow and an attached 4 unit building. The north side of the property is currently rented as 2, 3 bedroom units with 2 baths and 2 kitchens, legal room share. Each one bedroom has occupancy for 4 people. 20 person occupancy for the entire 5 plex. Parking lot on Pleasant St allows for 4 spots that fit 8 cars. The north side is brand new having been completely rebuilt from the studs up after a fire in 2019. New water main and new boiler. 4 high end full kitchens with granite countertops, modern dishwashers, OTC microwaves W/Ds, and stainless steel appliances. The attached 4 bedroom on the south side feels like a single family home is well maintained. Sunset mountain views to the west from a welcoming front porch. Wood floors, separate kitchen and dining area. All bedrooms are spacious with generous sized closets. Tons of natural light make the property warm and inviting. Two huge primary bedrooms on the main level with one shared bath with generous sized closets. There are 2 secondary bedrooms on the lower level that are spacious and bright, one with a private entrance.Almost no shared walls. Well insulated for isolated sound for all and lowered heat costs. Great investment opportunity! 1220 11th is pre-leased to Aug 2025.
Exterior Features

Architectural Style Contemporary/Modern Construction Materials Brick/Brick Veneer Entry Location Outside Entry Horse YN No Levels Two Lot Features SidewalksWithin City Limits Other Parking Parking Per Unit(1 Space/Unit) Patio And Porch Features Deck Property Attached YN Yes Road Frontage Type City Street Road Surface Type PavedAsphalt Roof Composition Spa YN No Waterfront YN No

Interior Features

Accessibility Features Main Floor BathMain Level Bedroom Appliances Gas Range/OvenDishwasherWasherDryer Basement PartialWalk-Out Access Fireplace Features None Fireplace YN No Flooring Wood Floors Heating Baseboard Heating YN Yes Interior Features Separate Dining RoomWalk-In Closet(s)Shared BathsOutside Entry Living Area Source Assessor Unit1 Bedrooms 4 Unit1 Est Sq Ft 1564 Unit1 Total Baths 2 Unit2 Bedrooms 1 Unit2 Est Sq Ft 628 Unit2 Total Baths 1 Unit3 Bedrooms 1 Unit3 Est Sq Ft 628 Unit3 Total Baths 1 Unit4 Bedrooms 1 Unit4 Est Sq Ft 628 Unit4 Total Baths 1 Window Features Window Coverings

Property Features

Association YN No Cap Rate 5.99 Ditches Active YN No Electric Electric Gas Natural Gas Gross Income 226800 Has Improvements No Has Water Rights No Income Includes Lease/Rents Listing Sub Status None Listing Terms CashConventional Locale Boulder Net Operating Income 208162.92 New Construction YN No Operating Expense 18637.08 Possible Use Multi-Family Property Condition Not NewPreviously Owned Property Sub Type Attached Dwelling Senior Community YN No Sewer City Sewer Special Listing Conditions Private Owner Tax Annual Amount 14587.08 Tax Year 2022 Tenant Pays DepositGasElectricity Unit1 Rent 5875 Unit2 Rent 1917 Unit3 Rent 3833 Unit4 Rent 1950 Utilities Natural Gas AvailableElectricity Available Water Source City WaterCity of Boulder Zoning RH-5

Listing information © 2023 Information and Real Estate Services
Listing provided courtesy of The Bernardi Group of Coldwell Banker Realty-Boulder: 3034026000.



© 2023 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Taylor Home Partners. Data last updated: 2023-11-29T23:42:34.22.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
 
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