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Description
Student Rental Investment Portfolio. Duplex #A Up & Main 4Bd/2Ba #B Bsmt 3Bd/1Ba. One of 6 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: 2481.00
- SqFt Above: 1606.00
- SqFt Basement Finished: 875.00
- SqFt Basement Unfinished: 156.00
- PSF Total: 862.72
- PSF Finished: 916.97
- PSF Above Grade: 1416.56
- Price Per Acre: 22750000.00
- Year Built: 1907
- Property Condition: Updated/Remodeled
- Construction Materials: Brick, Frame, Stone
- Entry Location: Exterior Access
- Special Listing Conditions: None Known
- Ownership: Agent Owner
- Possession: Rental Agreement, Subject To Tenant Rights
- Directions: From Broaday, west on College, North on 10th, between College & Pennsylvania.
- Stories: 3
Interior Features
- Flooring: Vinyl, Wood
- Laundry Availability: In Basement, Main Level
- Appliances: Dishwasher, Dryer, Oven, Refrigerator, Washer
- Exclusions: None
- Occupant Type: Tenant
- Unit Count: 2
- 3 Bedroom
- Average Rent: 3150.00
- Average SqFt: 1031.00
- Dishwashers: 1
- Dryers: 1
- Parking Per Unit: 2
- Refrigerators: 1
- Stoves: 1
- Unit Type: 3 Bedroom
- Unit Type Baths Total: 1
- Unit Type Beds Total: 3
- Unit Type Description: #B Garden level
- Unit Type Units Total: 1
- Washers: 1
- 4 Bedroom Or More
- Average Rent: 7735.00
- Average SqFt: 1606.00
- Dishwashers: 1
- Dryers: 1
- Parking Per Unit: 3
- Refrigerators: 1
- Stoves: 1
- Unit Type: 4 Bedroom Or More
- Unit Type Baths Total: 2
- Unit Type Beds Total: 4
- Unit Type Description: #A Main & Upper
- Unit Type Units Total: 1
- Washers: 1
- Basement: Daylight
- Basement YN: Y
- Reserved - Exclusive Use Only
- Parking Spaces Number Of: 5
- Parking Type: Reserved - Exclusive Use Only
- Parking Total: 5
- Total Offstreet Spaces: 0
- Total Reserved 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, Telephone, Trash Collection, Water
- Utilities Paid By Tenant: Included in Rent
- Actual Annual Net Income: 113206.00
- Cap Rate: 4.98
- Cap Rate Calculation: Actual
- Gross Income: 140885.00
- Legal Description: LOT 11 &S 1/2 LOT 10 BL 3 UNIVERSITY TERRACE
- Operating Expense: 27679.00
- Operating Expense Includes: Insurance, Legal, Maintenance, Professional Management, Real Estate Tax, Utilities
- Projected Annual Expense: 28679.00
- Projected Annual Net Income: 180835.00
- Projected Gross Income: 152156.00
- Tax Amount: 7328.00
- Tax ID: 146331241006
- Tax Year: 2019
- Cooling: Other
- 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
- Zoning: HDRE
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