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Student Rental Investment. Duplex Front & Back #A 4Bd/2Ba w/unfin bsmnt. #B 4Bd/3Ba (back is new construction ~2008). One of 4 duplexes and triplexes all on the same block on 10th & College, only 8 blocks to CU Boulder. Excellent year over year rent growth (avg 8%), 100% occupancy rate. Pre-leased through Aug 2022. Being sold separately or combined with 1100, 1130 & 1164 10th St. Major capital improvements include newer hail resistant roofs (~2010), newer main drain sewer lines, newer HVACs, new plumbing, noise insulated flooring, granite counters, stainless appliances. Outstanding, proven business model includes 4 sources of income with little to no advertising. Portfolios like this are rarely available in Boulder. Zoned RH-5. Full investment package available by request. thehillportfolio.com
- Property Type: Residential Income
- Property Subtype: Duplex
- Structure Type: Duplex
- Levels: Three Or More
- Architecture: Bungalow
- Subdivision: University Terrace
- SqFt Finished: 3918.00
- SqFt Above: 3918.00
- SqFt Basement Finished: 0.00
- SqFt Basement Unfinished: 1144.00
- PSF Total: 642.04
- PSF Finished: 829.50
- PSF Above Grade: 829.50
- Price Per Acre: 21666666.67
- Year Built: 1903
- Property Condition: Updated/Remodeled
- Construction Materials: Brick, Frame, Stone
- Foundation Details: Slab
- Entry Location: Exterior Access
- Special Listing Conditions: None Known
- Ownership: Individual
- Possession: Rental Agreement, Subject To Tenant Rights
- Directions: From Broadway, West on College, North on 10th, between College & Pennsylvania on 10th.
- Stories: 3
- Flooring: Vinyl, Wood
- Laundry Availability: In Unit
- Appliances: Dishwasher, Dryer, Oven, Refrigerator, Washer
- Exclusions: None
- Fireplace Features: Living Room, Wood Burning
- No. of Fireplaces: 1
- Occupant Type: Tenant
- Security Features: Carbon Monoxide Detector(s)
- Unit Count: 2
- 4 Bedroom Or More
- Average Rent: 8240.00, 8335.00
- Average SqFt: 1959.00, 3103.00
- Dishwashers: 1
- Dryers: 1
- Parking Per Unit: 2, 3
- Refrigerators: 1
- Stoves: 1
- Unit Type: 4 Bedroom Or More
- Unit Type Baths Total: 2, 3
- Unit Type Beds Total: 4
- Unit Type Description: #A - Front 4Bd/2Ba, #B - Back 4bd/3ba New construction ~2008
- Unit Type Units Total: 1
- Washers: 1
- Basement: Unfinished
- Basement YN: Y
- Off-Street
- Parking Spaces Number Of: 5
- Parking Type: Off-Street
- Parking Total: 5
- Total Offstreet Spaces: 5
- Walk Score: 88
- HOA YN: N
- 2nd HOA Fee (Annual Total): 0.00
- 3rd HOA Fee (Annual Total): 0.00
- Master HOA Fee (Annual Total): 0.00
- Restrictions/Covenants YN: N
- Total Annual HOA Fees: 0.00
- Owner Pays Utilities: Exterior Maintenance, Insurance, Taxes
- Tenant Pays: Electricity, Gas, Grounds Care, Internet, Other, Trash Collection, Water
- Utilities Paid By Tenant: Included in Rent
- Actual Annual Net Income: 166021.00
- Cap Rate: 5.40
- Cap Rate Calculation: Signed pre-leases Aug 2021-Aug 2022
- Gross Income: 195528.00
- Legal Description: LOTS 12-13 BLK 3 UNIVERSITY TERRACE
- Operating Expense: 29507.00
- Operating Expense Includes: Accounting, Insurance, Maintenance, Other, Professional Management, Real Estate Tax, Utilities
- Projected Annual Expense: 35861.00
- Projected Annual Net Income: 176287.00
- Projected Gross Income: 212148.00
- Tax Amount: 9825.00
- Tax ID: 146331241007
- Tax Year: 2019
- Cooling: Air Conditioning-Room
- Heating: Forced Air
- Sewer: Public Sewer
- Utilities: Cable Available, Electricity Available, Natural Gas Available
- Water Source: Public
- Roof: Composition
- Faces: West
- View: Mountain(s)
- Patio And Porch Features: Front Porch, Wrap Around
- Zoning: HDRE
