1839 Arapahoe Avenue

Boulder, CO 80302

Incomes Property  $845,000  Under Contract

08-14-2017 04:53pm

Back on market. Contract fell 7/11/2017. Buyer wanted to scrape and build, but the process was taking too long... Legal 3 unit apartment building. Best location in Boulder, between Pearl and Colorado University. Walk to Pearl Street. Walk to CU.Two 2 bedroom apartments and one studio apartment. Rents are well below market rate. Can also rent 5 parking spaces. Each of the three units is $200 per month under market rent. Cap rate does not include a property management fee. City allows 12 tenants.

MLS#
8092034
MLS Originator
REcolorado (Denver)
Off Market Date
08-14-2017 12:00am
Original Price
$985,000

Property
Income
Property Subtype
Income
Status
Under Contract
Status Conditions
None Known
Last Update
08-14-2017 04:53pm
Bedrooms
5
Bathrooms
3
SqFt
1680
Year Built
1900
Der PSF Total
502.98

SqFt Lot
3768.00
SqFt Finished
1680
SqFt Basement
190
SqFt Above
1490

Previous Year Tax
$3,837
Terms and Conditions
Cash, Conventional, Exchange, FHA, VA
Owner Paid Utilities
Water,Trash
Transaction Type
For Sale

Appliances
Refrigerator (Kitchen), Self-Cleaning Oven
Flooring
Carpet
Cooling
None
Heating
Forced Air
Heating Fuel
Electric

Baths Full
0

Features
Front Porch
Base Finished
Yes
Base Size
Partial
Basement Finished %
100
Parking Spaces
1
Vehicle Spaces
6
Type
# of Space
L x W
Description
Off-Street
6
-
Lot View
Mountain View

Building Type
Duplex (all units),Triplex (all units)
Structure
Multi-Story
Roof
Composition Shingles
Construction
Wood Siding
Architectural Style
Victorian
Exterior Features
Front Porch
Construction Method
Frame
Builder Source
Listor Measured

School District
Boulder Valley RE 2
Elementary School
Whittier Int'l
Middle School
Casey
High School
Boulder

Annual Actual Expenses
8154
Annual Projected Expenses
8154
Annual Actual Income
46872
Annual Projected Income
54072
Annual Actual Net Income
38718
Annual Projected Net Income
45918
Unit Furnished
0

PPA
9388888.89
Lot Width
0.00

Average Values based on MLS data (realtime)

The following Average Values are calculated based on the following property information
- Property Address: 1839 Arapahoe Avenue, Boulder, CO 80302
- Property Type: Incomes Property, 5 beds, 3 baths, 1680 SqFT
- Selling Price: $845,000
 
Average Price (Cumulative Number of Properties)
 
Last 3 months
Last 6 months
Last 9 months
Last 12 months
Area 1 (< 1 mile)
$845,000 (1)
$845,000 (1)
$845,000 (1)
$845,000 (1)
Area 2 (1-2 miles)
$845,000 (1)
$845,000 (1)
$845,000 (1)
$845,000 (1)
Area 3 (2-3 miles)
$845,000 (1)
$845,000 (1)
$845,000 (1)
$845,000 (1)
Area 4 (3-5 miles)
$845,000 (1)
$845,000 (1)
$845,000 (1)
$845,000 (1)

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