454 Arapahoe Ave, Boulder, 80302

REDUCED 5% Income - Income For Sale in Mountain View

$1,750,000

12Beds
6Baths
3,393Sqft
.28Acres
1972Built
MARCUS & MILLICHAP INC
MLS® #: 3706791
Active

GREAT LOCATION! 100% OCCUPIED! MOUNTAIN VIEWS! LOW PRICE PER ROOM ($154,167/ROOM)! STUDENT RENTAL OPPORTUNITY! PERFECT INVESTMENT PROPERTY! Built in 1972, 454 Arapahoe Ave. is a three-unit apartment building with 12 total bedrooms well-located in Boulder, CO. The triplex consists of a single three-story concrete and stucco building with three 4BD/1.5BA units (1,131SF), for a total of 3,393 RSF. Each unit has a wooden balcony or concrete patio off of the living room and a wood-burning fireplace. There is exterior access to the building and a fenced perimeter around the tree-shaded lot. Nine off-street parking spots are available. There is an on-site laundry to the rear of the property. Property is currently Smart Regs compliant. There is additional upside by increasing rent through renovating the units and adding two additional bathrooms per unit. Seller has initiated renovation approval process with the city. Plans associated with this addition will be conveyed at Closing.

Essential Information

MLS® #: 3706791
Price: $1,750,000
Bedrooms: 12
Bathrooms: 6.00
Square Footage: 3,393
Acres: 0.28
Year Built: 1972
Type: Income
Sub-Type: Income
Style: Multi-Story
Status: Active

Community Information

Address: 454 Arapahoe Ave
Subdivision: Mountain View
City: Boulder
County: Boulder
State: CO
Zip Code: 80302

Amenities

Parking Spaces: 9
Parking: Off-Street
View: Mountain View

Interior

Interior Features: Cable Available, Eating Space / Kitchen, Internet Access (Wired)
Appliances: Disposal, Dishwasher, Refrigerator (Kitchen), Stove/Range/Oven
Heating: Forced Air
Cooling: Other

Exterior

Exterior Features: Balcony, Fence, Patio, Yard
Lot Description: 12138.00
Roof: Unknown
Construction: Concrete

School Information

District: Boulder RE-2

Additional Information

Zoning: RES

Financials

$/SqFt: $516

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Listing information last updated on August 19th, 2019 at 5:35pm CDT.