40.00856 -105.27937
1164 10th Street Boulder CO 80302 279317295 40.00856 -105.27937 60105 /listing/279317295-151082055/1164-10th-street-boulder-co-80302 False 0 2925000.0 3180 105 606 8917548 False 2019 0.16 0.16

1164 10th Street

Boulder, CO 80302 MLS# 8917548

Pending 08/30/20 01/31/21

279317295 False False 40.00856 -105.27937 60105 /listing/279317295-151082055/1164-10th-street-boulder-co-80302 False 0 2925000.0 3180 105 8917548 False 27323268 0
$2,925,000
MLS# 8917548
Pending 08/30/20 01/31/21
  1. Listed on 08/30/20
  • 3,180 Square Feet Sq.Ft
  • 0.16 Acres
  • 2019 Year Built Yr. Built
1164 10th Street Boulder, CO 80302 MLS# 8917548
Pending 08/30/20 01/31/21
279317295 40.00856 -105.27937 60105 /listing/279317295-151082055/1164-10th-street-boulder-co-80302 False 0 2925000.0 3180 105 8917548 False
$2,925,000
  • 3,180 Square Feet
  • 0.16 Acres
  • 2019 Year Built
  1. Listed on 08/30/20
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Description

Student Rental Investment Portfolio. Triplex, 3 lvls, 3bd/1ba on each lvl. 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, 1120 & 1130 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
  • Subdivision: University Terrace
  • SqFt Finished: 3180.00
  • SqFt Above: 2052.00
  • SqFt Basement Finished: 1128.00
  • SqFt Basement Unfinished: 0.00
  • PSF Total: 919.81
  • PSF Finished: 919.81
  • PSF Above Grade: 1425.44
  • Price Per Acre: 18281250.00
  • Year Built: 2019
  • 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 Broadway, West on college, N on 10th, Btwn College & Pennsylvania on 10th.
  • Stories: 3
Interior Features
  • Laundry Availability: In Basement, Main Level
  • Appliances: Dishwasher, Dryer, Oven, Refrigerator, Washer
  • Exclusions: none
  • Occupant Type: Tenant
  • Unit Count: 3
Unit Info
  • 3 Bedroom
  • Average Rent: 4422.00, 4849.00, 4854.00
  • Average SqFt: 1128.00, 924.00
  • Dishwashers: 1
  • Dryers: 1
  • Parking Per Unit: 2, 3
  • Refrigerators: 1
  • Stoves: 1
  • Unit Type: 3 Bedroom
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Description: Garden, Main, Upper
  • Unit Type Units Total: 1
  • Washers: 1
Room Details
  • Basement: Daylight, Exterior Entry
  • Basement YN: Y
Parking/Garage
  • Off-Street
  • Parking Spaces Number Of: 7
  • Parking Type: Off-Street
  • Parking Total: 7
  • Total Offstreet Spaces: 7
Community/Neighborhood Information
  • Walk Score: 91
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: Cable TV, Electricity, Gas, Grounds Care, Internet, Telephone, Trash Collection, Water
  • Utilities Paid By Tenant: Included in Rent
  • Actual Annual Net Income: 147761.00
  • Cap Rate: 5.05
  • Cap Rate Calculation: Actual
  • Gross Income: 178568.00
  • Legal Description: LOT 1 & N 20 FT LOOT 2 NLK 3 UNIVERSITY TERRACE
  • Operating Expense: 30807.00
  • Operating Expense Includes: Insurance, Legal, Maintenance, Professional Management, Real Estate Tax, Utilities
  • Projected Annual Expense: 31807.00
  • Projected Annual Net Income: 224660.00
  • Projected Gross Income: 192853.00
  • Tax Amount: 9802.00
  • Tax ID: 146331241001
  • 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)
  • Lot Features: Corner Lot
  • Patio And Porch Features: Front Porch
  • Zoning: HDRE
Schools Near 1164 10th Street Boulder, CO
District: Boulder Valley RE 2
Schools: Flatirons, Casey, Boulder
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