INCOME PROPERTY -- OR THE PERFECT PLACE TO STAY WHILE ATTENDING SCHOOL -- YOU DECIDE! Beautifully remodeled 3BR/1.5BA condo less than a block from CU Boulder's main campus and a bike ride to Boulder's famed Pearl Street walking mall. Get in on a fantastic investment that could provide an annuity for years to come. Main floor kitchen welcomes with contemporary cabinets and stunning granite countertops. Low-maintenance plank flooring and newer paint provide a gracious and welcoming living area. Main floor bedroom feels like a private retreat with a wide balcony to enjoy a quiet moment. Convenient powder room on main floor. Downstairs, two spacious bedrooms with generous closet space flank a modern bathroom where efficiency meets style. One assigned parking space. Photos shown were taken during turnover period between tenants, but unit is currently occupied. So much work has already been done you'll be able to close right away and enjoy the fruits of someone else's labor. For the 2024-25 lease currently in place -- Gross income: $55, 680. CAP RATE: 6.5%. Come and discover your next great investment!
Property Features
Bedrooms
- Bedrooms: 3
- Bedrooms On Basement Level: 2
- Bedrooms On Main Level: 1
- Bedroom 1 Level: Main
- Bedroom 2 Level: Basement
- Bedroom 3 Level: Basement
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 1
- 1/2 Bathrooms: 1
- Bathrooms On Main Level: 1
- Bathrooms On Basement Level: 1
Interior Features
- Ceiling Fan(s)
- Entrance Foyer
- Granite Counters
- Kitchen Island
- Open Floorplan
- Furnished Description: Unfurnished
- Flooring: Vinyl
Appliances
- Dishwasher
- Disposal
- Microwave
- Range
- Refrigerator
- Laundry Features: Common Area
Other Rooms
- Bathroom (1/2) Level: Main
- Bathroom (Full) Level: Basement
- Living Room Level: Main
- Basement Description: Finished
Heating and Cooling
- Heating Features: Baseboard
Kitchen and Dining
Exterior and Lot Features
- Balcony
- Road Frontage Type: Public Road
- Road Responsibility: Public Maintained Road
- Road Surface Type: Paved
Garage and Parking
- Parking Features: Asphalt
- Parking Total: 1
Homeowners Association
- Association: Yes
- Association Amenities: Laundry, Parking
- Association Fee: 930
- Association Fee Frequency: Quarterly
- Association Fee Includes: Capital Reserves, Gas, Heat, Insurance, Irrigation Water, Maintenance Grounds, Maintenance Structure, Recycling, Sewer, Snow Removal, Trash, Water
- Calculated Total Monthly Association Fees: 310
- Association Name: University Townhouse Condominium Association
- Association Phone: 3034026900
- Pets Allowed: No
School Information
- Elementary School: Flatirons
- Elementary School District: Boulder Valley RE 2
- High School: Boulder
- High School District: Boulder Valley RE 2
- Middle School: Manhattan
- Middle or Junior School District: Boulder Valley RE 2
Other Property Info
- Annual Tax Amount: 3165.00
- Source Listing Status: Active
- County: Boulder
- Tax Year: 2023
- Distance To Bus: 1
- Distance To Bus Units: Blocks
- Source Property Type: Residential
- Exclusions: Owner's and tenants' personal possessions
- Property Subtype: condo
- Source Neighborhood: University Hills
- Parcel Number: R0103603
- Subdivision: University Hills
- Zoning: RH-2
- Property Subtype: Condominium
- Lot Number: R0103603
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 992
- Year Built: 1968
- Above Grade Finished Area: 992
- Building Name: University Townhouse Condominium
- Common Walls: 2+ Common Walls
- Construction Materials: Brick, Frame
- Direction Faces: West
- Entry Level: 1
- Entry Location: Courtyard
- Foundation Details: Slab
- Levels: One
- Property Age: 56
- Property Attached: Yes
- Property Condition: Updated/Remodeled
- Structure Type: Low Rise (1-3)
- Architectural Style: Contemporary
Utilities
- Sewer: Public Sewer
- Cable Available
- Electricity Connected
- Internet Access (Wired)
- Natural Gas Connected
- Water Source: Public
Home Features
- Green Energy Efficient: Appliances, Windows
- Security Features: Smoke Detector(s)
