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846 16th St

Boulder, CO 80302
  • $1,585,000
  • STATUS: Active
  • ON SITE: 68 Days
  • MLS #: 1005551
UPDATED: 100 min ago
$1,585,000
  • 6
    BEDS
  • 0.15
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,624
    SQFT
  • $976
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1924
County:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

Prime Location on University Hill, within walking distance to CU and just blocks to historic Chautauqua park. This 6 Bedroom 2 Bath home Leased for the 2023-2024 for $7800 a month and 2024-2025 school year for $8340 a month. Listed rent is reflective of pre-leased commitments and effective starting August 2024.This classic brick home sits on a large west-facing corner lot offering an expansive park-like backyard with 3 designated parking spots. Inside find a large living room with wood floors and a lovely flagstone fireplace along with a charming kitchen and two good-sized bedrooms and a full bath on the main floor. On the lower level, 4 more bedrooms all with garden-level windows allowing for plenty of natural light, a full bath, and laundry await. The 4th bedroom offers a walk-out door option which would also make a great recreation room. 2 bedrooms are non-conforming. Don't miss this fantastic investment opportunity close to a 6%Cap Rate.

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© 2024 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Re/Max Alliance. Data last updated: 2024-05-30T14:43:31.247.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
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846 16th St Boulder, CO 80302

  • Price: $1,585,000
  • Status: Active
  • On Site: 68 Days
  • Updated: 100 min ago
  • MLS #: 1005551
6
Beds
2
Baths
0
½ Baths
0.15
Acres
1,624
SQFT
$976
$/SQFT
1924
Built
Neighborhood:
University Place
County:
Boulder
Area:
01 Boulder City Limits
Elementary School:
Flatirons
Middle School:
Casey
High School:
Boulder
School District:
Boulder Valley Dist Re2
Property Description
Prime Location on University Hill, within walking distance to CU and just blocks to historic Chautauqua park. This 6 Bedroom 2 Bath home Leased for the 2023-2024 for $7800 a month and 2024-2025 school year for $8340 a month. Listed rent is reflective of pre-leased commitments and effective starting August 2024.This classic brick home sits on a large west-facing corner lot offering an expansive park-like backyard with 3 designated parking spots. Inside find a large living room with wood floors and a lovely flagstone fireplace along with a charming kitchen and two good-sized bedrooms and a full bath on the main floor. On the lower level, 4 more bedrooms all with garden-level windows allowing for plenty of natural light, a full bath, and laundry await. The 4th bedroom offers a walk-out door option which would also make a great recreation room. 2 bedrooms are non-conforming. Don't miss this fantastic investment opportunity close to a 6%Cap Rate.
Exterior Features

Architectural Style Ranch Construction Materials Wood/FrameBrick/Brick Veneer Horse YN No Levels One Roof Composition Spa YN No Waterfront YN No

Interior Features

Appliances RefrigeratorWasherDryerMicrowave Basement 90%+ Finished Basement Fireplace Features Single Fireplace Fireplace YN Yes Heating Forced Air Heating YN Yes Interior Features Eat-in KitchenSeparate Dining Room Living Area Source Assessor Unit1 Bedrooms 6 Unit1 Total Baths 2

Property Features

Association YN No Cap Rate 5.74 Ditches Active YN No Electric Electric Exclusions Tenants personal property Gas Natural Gas Gross Income 100080 Has Improvements No Has Water Rights No Listing Sub Status None Listing Terms CashConventional Locale Boulder Net Operating Income 91050 New Construction YN No Operating Expense 9030 Possible Use Single Family Property Condition Not NewPreviously Owned Property Sub Type Income Property Senior Community YN No Sewer City Sewer Special Listing Conditions Partnership Tax Annual Amount 6053 Tax Year 2023 Tenant Pays GasElectricityWaterSewerTrash Collection Unit1 Rent 8340 Utilities Natural Gas AvailableElectricity Available Water Source City WaterCity Zoning Res

Listing information © 2024 Information and Real Estate Services
Listing provided courtesy of Jennifer Crow of RE/MAX Professionals Ken Caryl: 3039729999.



© 2024 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Re/Max Alliance. Data last updated: 2024-05-30T14:43:31.247.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
 
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