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1056 11th St Boulder, CO 80302
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Key Details
Sold Price $2,225,000
Property Type Single Family Home
Sub Type Income Property
Listing Status Sold
Purchase Type For Sale
Subdivision University Place
MLS Listing ID 979140
Sold Date 03/24/23
Bedrooms 8
HOA Y/N false
Originating Board IRES MLS
Year Built 1923
Annual Tax Amount $7,802
Lot Size 6,098 Sqft
Acres 0.14
Property Description
Estate liquidation. Burgess Group, Compass is proud to present 1056 11th St, a recently renovated duplex, 9 bedroom (with 8 rentable bedrooms) asset in the heart of University Hill in Boulder, CO. Consistently rented to sororities for top-dollar with steady annual increases, this extremely well-maintained property has outstanding cash flow with a projected cap rate of 5.6 on a NOI of $146,000, with room for additional parking income, improvements, and rent increases. Unit #1056 11th St is already leased for 2023-24 for $153,600; Just 3 blocks from CU campus and The Hill business district, this property has an ideal location and features a light, bright interior, vinyl plank flooring, new sewer line, a 2015 class 4 roof, 6 ft steel locking security fencing, Jellyfish LED exterior lights, and electric baseboard backup heat in each room. Over 40k worth of improvements done by the owner in the past two years. For more information about this property please visit our website at: https://bit.ly/1054_11th
Location
State CO
County Boulder
Area Boulder
Zoning MF
Direction use GPS
Rooms
Other Rooms Outbuildings
Interior
Interior Features High Speed Internet, Separate Dining Room, Walk-In Closet(s), Outside Entry
Heating Radiator, 2 or more Heat Sources
Flooring Wood Floors
Window Features Window Coverings,Wood Frames,Skylight(s),Double Pane Windows
Appliance Electric Range/Oven, Dishwasher, Refrigerator, Washer, Dryer, Microwave, Disposal
Laundry Washer/Dryer Hookups
Exterior
Garage Alley Access
Fence Fenced, Metal Post Fence
Utilities Available Natural Gas Available, Electricity Available, Cable Available
Waterfront false
Roof Type Composition
Street Surface Paved,Asphalt
Handicap Access Level Lot, Level Drive, Near Bus
Parking Type Alley Access
Building
Lot Description Curbs, Gutters, Sidewalks, Fire Hydrant within 500 Feet, Level, Sloped, Within City Limits
Faces West
Story 2
Sewer City Sewer
Water City Water, City of Boulder
Level or Stories Two
Structure Type Wood/Frame,Brick/Brick Veneer,Stucco
New Construction false
Schools
Elementary Schools Flatirons
Middle Schools Manhattan
High Schools Boulder
School District Boulder Valley Dist Re2
Others
Senior Community false
Tax ID R0002458
SqFt Source Assessor
Special Listing Condition Private Owner
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Bought with Compass - Boulder
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