$2,400,000
8 Bedrooms ,
2 Bathrooms
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://bitGeneral Features
| MLS: 979140 | Status: Sold |
| Listing Office: Compass - Boulder | Listing Office Phone: 303-487-5472 |
| Style: Two | Construction: Wood/Frame,Brick/Brick Veneer,Stucco |
| Bedrooms: 8 | Baths: 2 |
| Heating: Radiator,2 or more Heat Sources | Total SqFt: 4,025ft² |
| Acreage: 0.14 acres | Lot Size: 6,218ft² |
School Information
| District: Boulder Valley Dist RE2 |
| Elementary: Flatirons |
| Middle: Manhattan |
| High: Boulder |
Taxes & Fees
| Tax Amount: $7,802 |
| Tax Year: 2021 |
Additional Information
| Outdoor Features: , Alley Access, , Outbuildings, Curbs, Gutters, Sidewalks, Fire Hydrant within 500 Feet, Level, Sloped, Within City Limits |
| Road Access: City Street,Alley |
| Disabled Access: Level Lot,Level Drive,Near Bus |
| New Financing: Cash,Conventional |
| Construction: Wood/Frame,Brick/Brick Veneer,Stucco |
| Energy Features: , Window Coverings, Wood Frames, Skylight(s), Double Pane Windows |
| Utilities: Natural Gas Available,Electricity Available,Cable Available |