1843 Arapahoe Ave 1 & 2, Boulder, CO 80302 (MLS # 1067349)

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PRICE $1,495,000 BEDS 0 BATHS 0 HOME SIZE n/a LOT SIZE 4,356 sqft Request More Info Schedule a Showing

Unbeatable Rental Location! An investment opportunity in the popular Goss/Grove neighborhood, only a few blocks north of the University of Colorado Boulder and within easy walking/biking distance of needed amenities, restaurants, and nightlife. Built-in Tenant Demand! 1843 Arapahoe has been fully occupied and Professionally Managed for decades. Two Pre-leased Units with an excellent rental history, always at current market rates. Student populations and young professionals compete for rentals in this specific grid and this 2-unit home offers a main level 4-bed/2-bath renting for $6175/month plus a separate 1-bed/1-bath unit upstairs, which brings in $1975/mo. Built in 1900, this home comes with Historical Character Protection which preserves your investment from being visually replicated by generic new-construction and maintaining the existing historic neighborhood charm. The home was modernized in 1985 and is well maintained. Direct access to Boulder's amazing transportation (RTD) along Arapahoe makes it easy to be car-free in this location, however there are 2-off street parking spaces for the property. A private, fenced backyard adds to the value and the main unit has 3 entrances, allowing roommate privacy. Why bus or drive when you can walk/bike right out your door? Live the Boulder lifestyle from 1843 Arapahoe or get your foot in the door with this well priced investment home. No HOA!