Virtual Tour Sold Boulder, CO 80302 MLS# 8799219 Sold by Chrissy Fairbanks on 03/11/2021
$2,550,000
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Multi-Family Property Type
10 Bedroom
3 Bathroom
0 Garage
3266.00 Sq Ft
0.12 Acres
1899 Year Built

Overview

Calling all Investors! Well maintained, student-focused rental for sale on the Hill, walking distance to CU Boulder. This 3-unit property has 10 spacious, rentable bedrooms overall, and it is almost fully rented through end of July 2022. The 2 top units have been rented out and the basement unit is showing promising interest. Current lease goes to through the end July 2021. The rent for the new leases has been raised from $7300/month total to $9700/month total. 5 parking spots off alley in the back of the home, with ample street parking out front. Current rental license goes through 9/18/2022 and is possibly transferable. Property has very low to no vacancies. Many updates to the property in the last 10 years. Please see attached doc, virtual tours, Matterport tours and website for more info. No in person showings until property is under contract. https://myorbitmedia.hd.pics/1028-Pleasant-St

New Home Sales Hours

Courtesy Of Compass Colorado, LLC - Boulder
Source: REcolorado

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    Features

    Leasing Information

    Leasing Details
    • Application Fee $
    • Availability Date
    • Corporate Rental?
    • Deposits Potentially Refundable
    • Existing Lease Type
    • Lease Amount $
    • Lease Description
    • Lease Duration
    • Liability Insurance Required
    • Owner Pays Exterior Maintenance,Insurance,Taxes,Trash Collection,Water
    • Rent Deposit
    • Rental Application
    • Security Deposit $
    Pet Details
    • Pet Deposit
    • Pet Rent
    • Pets Allowed

    Interior Features

    Summary

    • Year Built Effective
    Basement Details
    • Basement? Yes
    • Basement Finished,Full
    • Basement Ceiling Height
    Fireplace Detail
    • Fireplace Features
    • No. of Fireplaces
    Square Foot Details
    • SqFt 3,266
    • Living Area, Finished 3,266
    • Above grade, Finished 2,294
    • Basement, Finished 972
    • Basement, Unfinished 0
    • PSF Total $780.77
    • PSF Finished $780.77
    • PSF Above Grade $1,111.60
    Use details
    • Leaseable Area
    • Office Area
    • Retail Area
    • Warehouse Area
    Other
    • Accessibility Features
    • Appliances Dishwasher,Disposal,Microwave,Oven,Range,Refrigerator
    • Building Class
    • Building Features
    • Ceiling Height
    • Common Walls
    • Exclusions Tenant's Personal Property
    • Flooring Carpet,Linoleum
    • Furnished
    • Interior Features Ceiling Fan(s)
    • Laundry Availability None
    • Security Features Smoke Detector(s)
    • Spa Features
    • Window Features

    Room Details

    Bathroom Details Total Bathrooms: 3
    Bathroom Location Details
    Bedroom Location Details Total Bedrooms: 10
    More Room Details

    Unit Information

    Summary

    • Number of Units
    • Number of Units Furnished
    • Number of Units Vacant
    • Unit Features
    Single Unit Details
    • Unit Type 4 Bedroom Or More
    • Total Units 1
    • Average Rent 2800.00
    • Average SqFt 1147.00
    • Dishwashers 1
    • Washers 0
    • Dryers 0
    • Hookups 0
    • Refrigerators 1
    • Stoves 1
    • Air Conditions 0
    • Fireplaces
    • Storage Units
    • Description Top floor unit, rent increased to $1k/bedroom in 2021
    • Actual Rent
    • Total Rent
    • Bedrooms Per Unit 4
    • Bathrooms per Unit 1
    • Parking Per Unit
    • Unit Type 3 Bedroom
    • Total Units 1
    • Average Rent 2400.00
    • Average SqFt 1147.00
    • Dishwashers 1
    • Washers 0
    • Dryers 0
    • Hookups 0
    • Refrigerators 1
    • Stoves 1
    • Air Conditions 0
    • Fireplaces
    • Storage Units
    • Description Main level unit, rent increased to $1k/bedroom in 2021
    • Actual Rent
    • Total Rent
    • Bedrooms Per Unit 3
    • Bathrooms per Unit 1
    • Parking Per Unit
    • Unit Type 3 Bedroom
    • Total Units 1
    • Average Rent 2100.00
    • Average SqFt 972.00
    • Dishwashers 0
    • Washers 0
    • Dryers 0
    • Hookups 0
    • Refrigerators 1
    • Stoves 1
    • Air Conditions
    • Fireplaces
    • Storage Units
    • Description Basement unit, rent to be increased to $900/bedroom
    • Actual Rent
    • Total Rent
    • Bedrooms Per Unit 3
    • Bathrooms per Unit 1
    • Parking Per Unit

    Exterior/Lot Features

    Summary

    • Available Elevations
    • Entry Location
    • Faces North
    • Horse Amenities
    • Horse Property
    • Levels Two
    • Stories
    • Structure Type Triplex
    • Unit Floor #
    • View Mountain(s)
    Builder Details
    • Builder
    •  
    • Completion Time From Groundbreaking
    • Model Type
    Construction details
    • Architecture
    • Construction Materials Brick
    • Foundation Details
    • Roof Composition
    Exterior Details
    • Dock Features
    • Door Features
    • Exterior Features Balcony
    • Fencing None
    • Number of Docks
    • Number of Doors
    • Number of Storage Units
    • Other Equipment
    • Other Structures
    • Patio And Porch Features Front Porch
    • Pool Features
    • Ski Features
    Livable Structure Details
    Lot Details​​​​​​​
    • Acres Leased
    • Crop Acres
    • Cultivated Acres
    • Features Near Public Transit,Sprinklers In Front
    • Irrigated Acres
    • Lot Number
    • Lot Size Acres 0.12
    • Lot Size Dimensions
    • Lot Size SqFt 5,134
    • Sq Ft
    • Pasture Acres
    • Price Per Acre $21,250,000
    • Vegetation
    • Waterfront Features
    Mobile Details
    • Make
    • Model
    • Body Type
    • Exterior Dimensions x
    • Skirt
    Outbuilding details
    Road details
    • Access
    • Road Responsibility Public Maintained Road
    • Road Surface

    Parking/Garage

    Parking Space Summary

    • Parking Features
    • Total Parking Spaces 5
    • Garage Spaces
    • Total Carport Spaces
    • Total Offstreet Spaces 5
    • Total Reserved Spaces 0
    • Total RV Spaces 0
    Parking Space Details

    Utilities & Green Home Features

    Summary

    • Cooling Other
    • Green Energy Efficient
    • Heating Baseboard
    • HVAC Description
    Green Ratings
    Power Production Details
    Sewer
    • Sewer Public Sewer
    • Sewer Fee
    • Sewer Tap Paid YN
    Utilities details
    • Electric Service
    • Gas Tap Fee
    • Gas Tap Paid YN
    • Utilities
    Water / Well
    • Irrigation Source
    • Issued Well Permit Numbers
    • Water Available
    • Water Source Public
    • Well Type
    • Well Usage
    • Water Fees
    • Water Tap Paid?
    • Water/Mineral Rights

    Association Information

    HOA Summary

    • Amenities Completed
    • Amenities Opening
    • Association Amenities
    • Association(s) No
    • HOA Fee Includes
    • Total Annual HOA Fees $0
    1st HOA
    • HOA
    • Type
    • Fee $
    • Phone
    • Total Annual Fee $0.00
    • Website
    2nd HOA
    • HOA
    • Type
    • Fee $
    • Phone
    • Total Annual Fee $0.00
    • Website
    3rd HOA
    • HOA
    • Type
    • Fee $
    • Phone
    • Total Annual Fee $0.00
    • Website
    Restrictions & Covenants
    • Pets Allowed
    • Rentals Allowed
    • Restrictions Other
    • Restrictions Other
    • Restrictions/Covenants? Yes

    Financial Considerations

    Summary

    • Cap Rate 2.67
    • Cap Rate Calculation
    Actual expense details
    • Operating Expense $12082.96
    • Operating Expense Includes Insurance,Maintenance,Real Estate Tax,Utilities
    Commission Information
    • Buyer Agency Compensation 2.80%
    • Compensation Offered
    • Dual Variable Compensation No
    • Commission Modified Increase
    • Closing Comments Buyer agent commission was increased.
    Income details
    • Actual Annual Net Income $69,527.17
    • Gross Income $81,610.13
    • Income Includes
    • Income Includes Description
    Landleasing details
    • Land Lease Amount
    • Land Lease Amount Frequency
    • Land Lease?
    Projected
    • Other Annual Income $
    • Potential Rental Income Annual $
    • Projected Annual Expense $12,000
    • Projected Annual Net Income $104,400
    • Projected Gross Income $116,400
    • Projected Gross Operating Income $
    • Projected Gross Scheduled Income $
    • Vacancy Credit Losses
    Tax details
    • Annual Tax $8,899
    • Legal Description LOT 4 BLK 5 CAPITOL HILL
    • Tax Exemptions
    • Tax ID R0004459
    • Tax Year 2019
    Other
    • Tenant Pays Cable TV,Electricity,Gas,Internet,Trash Collection,Water
    • Utilities Metering
    • Utilities Paid By Tenant Separate Bill from Owner

    Neighborhood

    Summary

    • Building Name
    • Development Name
    • Park Name
    • Senior Community No
    • Subdivision Capitol Hill-BO
    New Home Community
    • Community Description
    • Community MLS #
    • Community Name
    • Community Opening
    • Community Website
    • Current Promotions
    • Development Status
    • Directions from Agent
    • Move In Date
    • New Home Available Options
    • New Home Land MLS #
    • New Home Plan MLS #
    Zoning Details
    • Current Use
    • Incorporated? Yes
    • Zoning RH-5
    • Zoning Jurisdiction

    Other

    Business Details
    • Business Amenities
    • BusinessDescription
    • BusinessType
    • Year Established
    History
    • Original List Price $2,600,000
    Partial Ownership Details
    • Partial Ownership Amount
    • Week Remarks
    • Weeks Available
    Other
    • Home Warranty
    • Ownership Individual
    • Possession Closing/DOD,Negotiable
    • Special Listing Conditions None Known
    • Year Built 1899

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    School Zone

    District: Boulder Valley RE 2
    Schools: Flatirons Elementary School, Boulder High School, Manhattan Middle School

    Area Map

    Walk Score

    Bike Score

    Bike Score

    0 description
    Transit Score

    Transit Score

    0 description summary
    Walk Score

    Walk Score

    0 description
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