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1056 11th St

Boulder, CO 80302
  • $2,600,000
  • STATUS: Active
  • ON SITE: 10 Days
  • MLS #: 979140
$2,600,000
  • 8
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,025
    SQFT
  • $646
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1923
County:

School Information

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

Description

Estate liquidation. Burgess Group, Compass is proud to present 1056 11th St, a recently renovated duplex, 9 bedroom (with 8 rentable bedrooms) asset in the heart of University Hill in Boulder, CO. Consistently rented to sororities for top-dollar with steady annual increases, this extremely well-maintained property has outstanding cash flow with a projected cap rate of 5.6 on a NOI of $146,000, with room for additional parking income, improvements, and rent increases. Unit #1056 11th St is already leased for 2023-24 for $153,600; Just 3 blocks from CU campus and The Hill business district, this property has an ideal location and features a light, bright interior, vinyl plank flooring, new sewer line, a 2015 class 4 roof, 6 ft steel locking security fencing, Jellyfish LED exterior lights, and electric baseboard backup heat in each room. Over 40k worth of improvements done by the owner in the past two years. For more information about this property please visit our website at: https://bit.ly/1054_11th

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© 2022 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 Keller Williams Realty Northern Colorado - Old Town. Data last updated: 2022-12-03T23:42:13.59.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
www.discovercoloradohomes.net/homes/134987908
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1056 11th St Boulder, CO 80302

  • Price: $2,600,000
  • Status: Active
  • On Site: 10 Days
  • MLS #: 979140
8
Beds
0
Baths
0
½ Baths
0.14
Acres
4,025
SQFT
$646
$/SQFT
1923
Built
Neighborhood:
University Place
County:
Boulder
Area:
01 Boulder City Limits
Elementary School:
Flatirons
Middle School:
Manhattan
High School:
Boulder
School District:
Boulder Valley Dist Re2
Property Description
Estate liquidation. Burgess Group, Compass is proud to present 1056 11th St, a recently renovated duplex, 9 bedroom (with 8 rentable bedrooms) asset in the heart of University Hill in Boulder, CO. Consistently rented to sororities for top-dollar with steady annual increases, this extremely well-maintained property has outstanding cash flow with a projected cap rate of 5.6 on a NOI of $146,000, with room for additional parking income, improvements, and rent increases. Unit #1056 11th St is already leased for 2023-24 for $153,600; Just 3 blocks from CU campus and The Hill business district, this property has an ideal location and features a light, bright interior, vinyl plank flooring, new sewer line, a 2015 class 4 roof, 6 ft steel locking security fencing, Jellyfish LED exterior lights, and electric baseboard backup heat in each room. Over 40k worth of improvements done by the owner in the past two years. For more information about this property please visit our website at: https://bit.ly/1054_11th
Exterior Features

Construction Materials Wood/FrameBrick/Brick VeneerStucco Direction Faces West Entry Location Outside Entry Fencing FencedMetal Post Fence Horse YN No Levels Two Lot Features CurbsGuttersSidewalksFire Hydrant Within 500 FeetLevelSlopedWithin City Limits Other Parking Parking Per Unit(2 Spaces/Unit) Other Structures Outbuildings Parking Features Alley Access Road Frontage Type City StreetAlley Road Surface Type PavedAsphalt Roof Composition Spa YN No Waterfront YN No

Interior Features

Accessibility Features Level LotLevel DriveNear Bus Appliances Electric Range/OvenDishwasherRefrigeratorWasherDryerMicrowaveDisposal Basement Full90%+ Finished BasementWalk-Out Access Flooring Wood Floors Heating Radiator2 Or More Heat Sources Heating YN Yes Interior Features High Speed InternetSeparate Dining RoomWalk-In Closet(S)Outside Entry Laundry Features Washer/Dryer Hookups Living Area Source Assessor Unit1 Bedrooms 4 Unit1 Total Baths 1 Unit2 Bedrooms 4 Unit2 Total Baths 1 Window Features Window CoveringsWood FramesSkylight(S)Double Pane Windows

Property Features

Association YN No Cap Rate 5.62 Ditches Active YN No Electric ElectricMaster Meter-ElectricXcel Exclusions Seller's And Tenant's Personal Property Gas Natural GasMaster Meter-GasXcel Gross Income 161600 Has Improvements No Has Water Rights No Income Includes Lease/Rents Listing Sub Status None Listing Terms CashConventional Locale Boulder Net Operating Income 146240 New Construction YN No Operating Expense 15360 Possible Use Single FamilyMulti-Family Property Condition Not NewPreviously Owned Property Sub Type Income Property Sewer City Sewer Special Listing Conditions Private Owner Tax Annual Amount 7802 Tax Year 2021 Tenant Pays DepositGasElectricityWaterSewerTrash Collection Utilities Natural Gas AvailableElectricity AvailableCable Available Water Source City WaterCity Of Boulder Zoning Mf

Listing information © 2022 Information and Real Estate Services
Listing provided courtesy of Andy Burgess of Compass - Boulder: 3034875472.



© 2022 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 Keller Williams Realty Northern Colorado - Old Town. Data last updated: 2022-12-03T23:42:13.59.

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