Turn-Key investor opportunity in unbeatable location 3 blocks from Pearl, 5 blocks from the heart of the Hill & campus, and across the street from the brand new civic area park with access to the Boulder Creek Path. Four bedrooms, two baths, giant wrap-around deck, one off-street covered parking space, exterior storage closet, bamboo floors, washer & dryer, dishwasher, slide-in gas range, stainless steel fridge, gas fireplace, and mountain views! Rented through Aug '23. Unit is never vacant as it's easy to pre-lease ~9 months before the start of each school year. Zoned RH-2, Legal for 4 unrelated. HOA includes everything: Flood Insurance, studs-out property insurance, heat, water, trash, recycling, snow removal, landscaping, & all exterior maintenance. Current 4.8% cap rate; Buyer can easily bump rates for '23-24 school year. Seller is a broker licensed in the State of Colorado.
Sold for $790,000 on 12/15/22
$790,000
964 Arapahoe Ave #3, Boulder, CO 80302
4beds
2baths
1,189sqft
Attached Dwelling, Multi Family
Built in 1973
-- sqft lot
$796,300 Zestimate®
$664/sqft
$5,453 Estimated rent
Home value
$796,300
$741,000 - $860,000
$5,453/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: August 01, 2024 at 08:46pm
Listed by:
Michael Lane 303-819-6010,
Equity Colorado-Front Range
Bought with:
Non-IRES Agent
Non-IRES
Source: IRES,MLS#: 977796
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Hot Water
Cooling
- Ceiling Fan(s)
Appliances
- Included: Gas Range/Oven, Dishwasher, Refrigerator, Washer, Dryer, Microwave
Features
- High Speed Internet, Open Floorplan, Open Floor Plan
- Basement: None
- Has fireplace: Yes
- Fireplace features: Gas
Interior area
- Total structure area: 1,189
- Total interior livable area: 1,189 sqft
Property
Parking
- Details: Parking Per Unit(1 Space/Unit)
Features
- Stories: 1
- Patio & porch: Deck
- Fencing: Wood
Lot
- Size: 0.25 Acres
- Features: Curbs, Gutters, Sidewalks
Details
- Parcel number: R0510887
- Zoning: RH-2
- Special conditions: Private Owner
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Ranch
- Property subtype: Attached Dwelling, Multi Family
- Attached to another structure: Yes
Materials
- Wood/Frame
- Roof: Composition
Condition
- Not New, Previously Owned
- New construction: No
- Year built: 1973
Utilities & green energy
- Electric: Electric, Xcel
- Gas: Natural Gas, Xcel
- Sewer: City Sewer
- Water: City Water, City of Boulder
- Utilities for property: Natural Gas Available, Electricity Available, Cable Available
Community & neighborhood
Community
- Community features: Extra Storage
Location
- Region: Boulder
- Subdivision: Rittenhouse Condominiums
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $792 monthly
- Services included: Common Amenities, Trash, Snow Removal, Maintenance Grounds, Management, Utilities, Maintenance Structure
Other financial information
- Total actual rent: 4430
Other
Other facts
- Income includes: Lease/Rents
- Listing terms: Cash,Conventional
- Road surface type: Paved, Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 1/28/2023 | Listing removed | -- |
Source: Zillow Rentals | ||
| 1/15/2023 | Listed for rent | $5,200+20.9%$4/sqft |
Source: Zillow Rentals | ||
| 12/15/2022 | Sold | $790,000-4.8%$664/sqft |
Source:  IRES #977796 | ||
| 11/2/2022 | Listed for sale | $830,000+0.6%$698/sqft |
Source: IRES #977796 | ||
| 1/9/2021 | Listing removed | -- |
Source: Zillow Rental Manager | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,362 -9.7% | $53,332 -10.7% |
| 2023 | $4,831 +4.8% | $59,734 +16.6% |
| 2022 | $4,610 +8.1% | $51,215 -2.8% |
Find assessor info on the county website
Neighborhood: University Hill
Nearby schools
GreatSchools rating
- 6/10Flatirons Elementary SchoolGrades: K-5Distance: 0.4 mi
- 5/10Manhattan Middle School Of The Arts And AcademicsGrades: 6-8Distance: 3.1 mi
- 10/10Boulder High SchoolGrades: 9-12Distance: 0.5 mi
Schools provided by the listing agent
- Elementary: Flatirons
- Middle: Manhattan
- High: Boulder
Source: IRES. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$796,300
2% more+ $15,926
With Zillow Showcase(estimated)
$812,226