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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

DAYS ON MARKET 11 LAST UPDATED 11/23/2022
TRACT University Place YEAR BUILT 1923
COMMUNITY Boulder COUNTY Boulder
STATUS Active PROPERTY TYPE(S) Residential Income

SCHOOLS
School District Boulder Valley Dist RE2
Elementary School Flatirons
Jr. High School Manhattan
High School Boulder


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
ZONING MF
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listed with Coldwell Banker Realty 02
Last updated: 12/3/22 6:15 PM PST

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