1130 10th Street Bldg , Unit

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Virtual Tour Sold Boulder, CO 80302 MLS# 9803754 Sold by Amy LaBorde on 06/09/2021
$2,275,000
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Multi-Family Property Type
0 Bedroom
0 Bathroom
0 Garage
2637.00 Sq Ft
0.10 Acres
1907 Year Built

Overview

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

New Home Sales Hours

Courtesy Of RE/MAX Alliance on Walnut
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
    • 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 Daylight
    • Basement Ceiling Height
    Fireplace Detail
    • Fireplace Features
    • No. of Fireplaces
    Square Foot Details
    • SqFt 2,637
    • Living Area, Finished 2,481
    • Above grade, Finished 1,606
    • Basement, Finished 875
    • Basement, Unfinished 156
    • PSF Total $862.72
    • PSF Finished $916.97
    • PSF Above Grade $1,416.56
    Use details
    • Leaseable Area
    • Office Area
    • Retail Area
    • Warehouse Area
    Other
    • Accessibility Features
    • Appliances Dishwasher,Dryer,Oven,Refrigerator,Washer
    • Building Class
    • Building Features
    • Ceiling Height
    • Common Walls
    • Exclusions None
    • Flooring Vinyl,Wood
    • Furnished
    • Interior Features
    • Laundry Availability In Basement,Main Level
    • Security Features
    • Spa Features
    • Window Features

    Room Details

    Bathroom Details Total Bathrooms:
    Bathroom Location Details
    Bedroom Location Details Total Bedrooms:
    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 7735.00
    • Average SqFt 1606.00
    • Dishwashers 1
    • Washers 1
    • Dryers 1
    • Hookups
    • Refrigerators 1
    • Stoves 1
    • Air Conditions
    • Fireplaces
    • Storage Units
    • Description #A Main & Upper
    • Actual Rent
    • Total Rent
    • Bedrooms Per Unit 4
    • Bathrooms per Unit 2
    • Parking Per Unit 3
    • Unit Type 3 Bedroom
    • Total Units 1
    • Average Rent 3150.00
    • Average SqFt 1031.00
    • Dishwashers 1
    • Washers 1
    • Dryers 1
    • Hookups
    • Refrigerators 1
    • Stoves 1
    • Air Conditions
    • Fireplaces
    • Storage Units
    • Description #B Garden level
    • Actual Rent
    • Total Rent
    • Bedrooms Per Unit 3
    • Bathrooms per Unit 1
    • Parking Per Unit 2

    Exterior/Lot Features

    Summary

    • Available Elevations
    • Entry Location Exterior Access
    • Faces West
    • Horse Amenities
    • Horse Property
    • Levels Three Or More
    • Stories
    • Structure Type Duplex
    • Unit Floor #
    • View Mountain(s)
    Builder Details
    • Builder
    •  
    • Completion Time From Groundbreaking
    • Model Type
    Construction details
    • Architecture Bungalow
    • Construction Materials Brick,Frame,Stone
    • Foundation Details
    • Roof Composition
    Exterior Details
    • Dock Features
    • Door Features
    • Exterior Features
    • Fencing
    • 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
    • Irrigated Acres
    • Lot Number
    • Lot Size Acres 0.10
    • Lot Size Dimensions
    • Lot Size SqFt 4,559
    • Sq Ft
    • Pasture Acres
    • Price Per Acre $22,750,000
    • Vegetation
    • Waterfront Features
    Mobile Details
    • Make
    • Model
    • Body Type
    • Exterior Dimensions x
    • Skirt
    Outbuilding details
    Road details
    • Access
    • Road Responsibility
    • Road Surface

    Parking/Garage

    Parking Space Summary

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

    Utilities & Green Home Features

    Summary

    • Cooling Other
    • Green Energy Efficient
    • Heating Forced Air
    • 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 Cable Available,Electricity Available,Natural Gas Available
    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
    • Restrictions Other
    • Restrictions/Covenants? No

    Financial Considerations

    Summary

    • Cap Rate 4.98
    • Cap Rate Calculation Actual
    Actual expense details
    • Operating Expense $27679.00
    • Operating Expense Includes Insurance,Legal,Maintenance,Professional Management,Real Estate Tax,Utilities
    Commission Information
    • Buyer Agency Compensation 2.50%
    • Transaction Broker Compensation 2.50%
    • Compensation Offered
    • Dual Variable Compensation No
    • Commission Modified NA
    • Closing Comments
    Income details
    • Actual Annual Net Income $113,206
    • Gross Income $140,885
    • 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 $28,679
    • Projected Annual Net Income $180,835
    • Projected Gross Income $152,156
    • Projected Gross Operating Income $
    • Projected Gross Scheduled Income $
    • Vacancy Credit Losses
    Tax details
    • Annual Tax $7,328
    • Legal Description LOT 11 &S 1/2 LOT 10 BL 3 UNIVERSITY TERRACE
    • Tax Exemptions
    • Tax ID 146331241006
    • Tax Year 2019
    Other
    • Tenant Pays Electricity,Gas,Grounds Care,Internet,Telephone,Trash Collection,Water
    • Utilities Metering
    • Utilities Paid By Tenant Included in Rent

    Neighborhood

    Summary

    • Building Name
    • Development Name
    • Park Name
    • Senior Community No
    • Subdivision University Terrace
    New Home Community
    • Community Description
    • Community MLS #
    • Community Name
    • Community Opening
    • Community Website
    • Current Promotions
    • Development Status
    • Directions from Agent From Broaday, west on College, North on 10th, between College & Pennsylvania.
    • Move In Date
    • New Home Available Options
    • New Home Land MLS #
    • New Home Plan MLS #
    Zoning Details
    • Current Use
    • Incorporated? No
    • Zoning HDRE
    • Zoning Jurisdiction

    Other

    Business Details
    • Business Amenities
    • BusinessDescription
    • BusinessType
    • Year Established
    History
    • Original List Price $2,275,000
    Partial Ownership Details
    • Partial Ownership Amount
    • Week Remarks
    • Weeks Available
    Other
    • Home Warranty
    • Ownership Agent Owner
    • Possession Rental Agreement,Subject To Tenant Rights
    • Special Listing Conditions None Known
    • Year Built 1907

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    School Zone

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