40.005894 -105.27942
1120 10th Street Boulder CO 80302 279267916 40.005894 -105.27942 60105 /listing/279267916-151082055/1120-10th-street-boulder-co-80302 False 0 3250000.0 5062 105 100 6996182 False 1903 0.15 0.15

1120 10th Street

Boulder, CO 80302 MLS# 6996182

Active 08/29/20

279267916 False False 40.005894 -105.27942 60105 /listing/279267916-151082055/1120-10th-street-boulder-co-80302 False 0 3250000.0 5062 105 6996182 False 27323268 0
$3,250,000
MLS# 6996182
Active 08/29/20
  1. Listed on 08/29/20
  • 5,062 Square Feet Sq.Ft
  • 0.15 Acres
  • 1903 Year Built Yr. Built
1120 10th Street Boulder, CO 80302 MLS# 6996182
Active 08/29/20
279267916 40.005894 -105.27942 60105 /listing/279267916-151082055/1120-10th-street-boulder-co-80302 False 0 3250000.0 5062 105 6996182 False
$3,250,000
  • 5,062 Square Feet
  • 0.15 Acres
  • 1903 Year Built
  1. Listed on 08/29/20
Choose an option down arrow image
  • Details
  • Features
  • Schools
  • Mortgage Calculator
  • Area Map & Drive Time
  • Walk Score
  • Demographics
  • Nearby Homes
Description

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

Courtesy Of RE/MAX Alliance on Walnut
Listing Information
  • 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
Interior Features
  • 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
Unit Info
  • 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
Room Details
  • Basement: Unfinished
  • Basement YN: Y
Parking/Garage
  • Off-Street
  • Parking Spaces Number Of: 5
  • Parking Type: Off-Street
  • Parking Total: 5
  • Total Offstreet Spaces: 5
Community/Neighborhood Information
  • Walk Score: 88
HOA
  • 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
Financial Considerations
  • 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
Utilities & Green Home Features
  • Cooling: Air Conditioning-Room
  • Heating: Forced Air
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Natural Gas Available
  • Water Source: Public
Exterior & Lot Features
  • Roof: Composition
  • Faces: West
  • View: Mountain(s)
  • Patio And Porch Features: Front Porch, Wrap Around
  • Zoning: HDRE
Schools Near 1120 10th Street Boulder, CO
District: Boulder Valley RE 2
Schools: Flatirons, Casey, Boulder
Mortgage Calculator
buying, selling, have a question? ask me!

1911 11TH ST STE 107

BOULDER, CO 80302
(720) 771-8271 (303) 442-3180
Let us help you!