$1,650,000

454 Arapahoe Avenue

Boulder CO, 80302

Description

GREAT LOCATION! 100% OCCUPIED! MOUNTAIN VIEWS! LOW PRICE PER ROOM ($137,500/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.

Details

MLS#3706791
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusUnder Contract
Year1972
Days On Site278

Features

SQ Feet3,393
Story(s)1
Units3
ZoningRES

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Area Information

StateCO
CountyBoulder
CityBoulder
Zip Code80302
AreaBoulder
Listing VS Median (in 80302)
Price:
$1,650,000
low | high
Med:
$1,102,000
83.212121212121% of Average
SqFt:
3,393
low | high
Med:
1,516
100% of Average
$ / SqFt:
$486
low | high
Med:
$727
2% of Average
On Site:
278
low | high
Med:
179
100% of Average
Listing Updated: 11/12/2019
MLS Number: 3706791
Listing Provided By:
Clayton Primm  of  MARCUS MILLICHAP INC