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1920 22nd St

Boulder, CO 80302
  • $1,595,000
  • STATUS: Active
  • ON SITE: 70 Days
  • MLS #: 991974
Price Reduced
$1,595,000
  • 6
    BEDS
  • 0.09
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 3,440
    SQFT
  • $464
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1986
County:

School Information

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

Description

NEW PRICE! Downtown side by side duplex! First time this investment property is being offered by the original owner. Terrific location to Pearl Street, set off of on a quiet dead end street and across from a small neighborhood pocket park. Well maintained with plenty of off street parking & enclosed back patios. Current rents are significantly under current rental market rates. Leases in place until August 2024. Tremendous potential for investor to cosmetically improve the units and raise rents. Possibly add a bedroom in lower level??? Newer HVAC in both units & new exterior paint, new upper decking, basement bathrooms recently remodeled, all decks refinished in 2023. Seller participating in a 1031.

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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: 2023-09-20T23:43:40.17.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
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1920 22nd St Boulder, CO 80302

  • Price: $1,595,000
  • Status: Active
  • On Site: 70 Days
  • MLS #: 991974
6
Beds
4
Baths
0
½ Baths
0.09
Acres
3,440
SQFT
$464
$/SQFT
1986
Built
Neighborhood:
Mini-Park Place Sub
County:
Boulder
Area:
01 Boulder City Limits
Elementary School:
Whittier
Middle School:
Casey
High School:
Boulder
School District:
Boulder Valley Dist Re2
Property Description
NEW PRICE! Downtown side by side duplex! First time this investment property is being offered by the original owner. Terrific location to Pearl Street, set off of on a quiet dead end street and across from a small neighborhood pocket park. Well maintained with plenty of off street parking & enclosed back patios. Current rents are significantly under current rental market rates. Leases in place until August 2024. Tremendous potential for investor to cosmetically improve the units and raise rents. Possibly add a bedroom in lower level??? Newer HVAC in both units & new exterior paint, new upper decking, basement bathrooms recently remodeled, all decks refinished in 2023. Seller participating in a 1031.
Exterior Features

Construction Materials Wood/FrameComposition SidingPainted/Stained Direction Faces West Entry Location Outside Entry Exterior Features Balcony Fencing Fenced Horse YN No Levels Two Lot Features CurbsGuttersSidewalksCul-De-SacLevel Other Parking Parking Per Unit(2 Spaces/Unit) Road Frontage Type City StreetAlley Road Surface Type PavedConcrete Roof Composition Spa YN No Structure Type Duplex View Foothills View Waterfront YN No

Interior Features

Accessibility Features Level LotLevel Drive Appliances Electric Range/OvenDishwasherRefrigeratorWasherDryerDisposal Basement Full90%+ Finished BasementDaylightSump Pump Fireplace Features None Fireplace YN No Heating Forced AirIndividual Heat Source Heating YN Yes Interior Features High Speed InternetSeparate Dining RoomOpen FloorplanShared BathsOutside Entry Laundry Features Washer/Dryer Hookups Living Area Source Assessor Unit1 Bedrooms 3 Unit1 Est Sq Ft 1756 Unit1 Total Baths 2 Unit2 Bedrooms 3 Unit2 Est Sq Ft 1756 Unit2 Total Baths 2 Window Features Window CoveringsDouble Pane Windows

Property Features

Association YN No Cap Rate 4.14 Ditches Active YN No Electric ElectricXcel Energy Exclusions Tenants Possessions Gas Natural GasXcel Energy Gross Income 76800 Has Improvements No Has Water Rights No Listing Sub Status None Listing Terms CashConventional1031 Exchange Locale Boulder Net Operating Income 66076 New Construction YN No Operating Expense 10724 Possible Use Multi-Family Property Condition Not NewPreviously Owned Property Sub Type Income Property Senior Community YN No Sewer City Sewer Special Listing Conditions Private Owner Tax Annual Amount 7625 Tax Year 2022 Tenant Pays DepositGasElectricityWaterSewerTrash Collection Unit1 Rent 3200 Unit2 Rent 3200 Utilities Natural Gas AvailableElectricity AvailableCable Available Water Source City WaterCity Of Boulder Zoning Multi Unit

Listing information © 2023 Information and Real Estate Services
Listing provided courtesy of Lynn Ryan of Re/Max Of Boulder, Inc: 3034890309.



© 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: 2023-09-20T23:43:40.17.

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