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1056 11th St, Boulder CO 80302

$2,400,000
8 Bedrooms , 2 Bathrooms

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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

General Features

MLS: 979140Status: Sold
Listing Office: Compass - BoulderSold Date: 03/24/2023
Style: TwoConstruction: Wood/Frame,Brick/Brick Veneer,Stucco
Bedrooms: 8Baths: 2
Heating: Radiator,2 or more Heat SourcesTotal SqFt: 4,025ft²
Acreage: 0.14 acresLot Size: 6,218ft²

School Information

District: Boulder Valley Dist RE2
Elementary: Flatirons
Middle: Manhattan
High: Boulder

Taxes & Fees

Tax Amount: $7,802
Tax Year: 2021

Additional Information

Outdoor Features: , Alley Access, , Outbuildings, Curbs, Gutters, Sidewalks, Fire Hydrant within 500 Feet, Level, Sloped, Within City Limits
Road Access: City Street,Alley
Disabled Access: Level Lot,Level Drive,Near Bus
New Financing: Cash,Conventional
Construction: Wood/Frame,Brick/Brick Veneer,Stucco
Energy Features: , Window Coverings, Wood Frames, Skylight(s), Double Pane Windows
Utilities: Natural Gas Available,Electricity Available,Cable Available

Walking Score

Property Database Last Updated: May 6th 2024 02:55 AM

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