$120,000
350 Arapahoe Ave Apt 10, Boulder, CO 80302
- 2Beds
- 1Bath
- 851SqFt
- 2Beds
- 1Bath
- 851SqFt
- Property TypeCondo
- Year Built1975
- HOA Fees$450/mo
- Price per Sqft$141
- On highrises1 Day
- Garage2 Cars
Open Houses
Property Details
Prime Investment Opportunity in the Heart of Boulder. Discover an exceptional opportunity at a competitive price point, perfectly suited for investors, second-home buyers, or student housing. This versatile residence blends affordability with the sought-after Boulder lifestyle.Backing to serene open space, the home offers a peaceful setting with two dedicated parking spaces. The unit boasts hardwood floors, a bright updated kitchen, and a cozy wood-burning fireplace.A unique land lease structure makes this property especially appealing for buyers seeking to maximize value. Short-term rentals (Airbnb) are allowed, presenting significant income potential and lifestyle flexibility.Key Details:Financing: Cash or Portfolio LoanLand Lease: Annual payment due each October. Appraised at $35, 791.11 in 2024 and adjusted annually by CPI, with reappraisal every five years. Purchase option available after 2037.Tax Benefit Potential: Lease may qualify as redeemable ground rent. Buyer is solely responsible for consulting with their accountant in this matter.HOA Dues Include: Water, trash, heating, exterior maintenance, and hazard insurance (electric/gas billed separately).Seize this rare chance to invest in Boulder's vibrant market while enjoying both value and versatility.
Property Features
Bedrooms
- Bedrooms: 2
- Primary Bedroom Dimensions: 12 x 14
- Bedroom 2 Dimensions: 11 x 11
- Primary Bedroom Sqft: 168
- Bedroom 2 Sqft: 121
- Primary Bedroom Level: Upper
- Bedroom 2 Level: Upper
Property History
Neighborhood
Environmental Risk
Nearby Home Values
- Presented by:
- Paul Anselmo
- Brokered by:
- Porchlight Real Estate Group
- (303) 733-5335
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