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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.ly/1054_11th
| LAST UPDATED | 3/24/2023 | TRACT | University Place |
|---|---|---|---|
| YEAR BUILT | 1923 | COMMUNITY | Boulder |
| COUNTY | Boulder | STATUS | Sold |
| PROPERTY TYPE(S) | Residential Income |
| School District | Boulder Valley Dist RE2 |
|---|---|
| Elementary School | Flatirons |
| Jr. High School | Manhattan |
| High School | Boulder |
| PRICE HISTORY | |
| Prior to Jan 26, '23 | $2,600,000 |
|---|---|
| Jan 26, '23 - Today | $2,400,000 |
| ADDITIONAL DETAILS | |
| APPLIANCES | Dishwasher, Disposal, Dryer, Electric Range/Oven, Microwave, Refrigerator, Washer |
|---|---|
| AREA | Boulder |
| BASEMENT | 90% Finished Basement, Full, Walk-Out Access, Yes |
| CONSTRUCTION | Brick/Brick Veneer, Stucco, Wood/Frame |
| HEAT | 2 or more Heat Sources, Radiator |
| INTERIOR | High Speed Internet, Outside Entry, Separate Dining Room, Walk-In Closet(s) |
| LOT | 6098 sq ft |
| LOT DESCRIPTION | Curbs, Fire Hydrant within 500 Feet, Gutters, Level, Sidewalks, Sloped, Within City Limits |
| PARKING | Alley Access, Parking Per Unit(2 Spaces/Unit) |
| SEWER | City Sewer |
| STORIES | 2 |
| SUBDIVISION | University Place |
| TAXES | 7802 |
| UTILITIES | Natural Gas Available, Electricity Available, Cable Available |
| WATER | City Water, City of Boulder |
| SATELLITE VIEW |
This IDX solution is (c) Diverse Solutions 2024.
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