Address
846 16th St, Boulder, CO
Price
$ 1,585,000
Property Attributes
- MLS#1005551
- TypeIncome
- CountyBOULDER
- CityBoulder
- AreaBoulder
- NeighborhoodUniversity Place
- Zip80302
- StyleRanch
- Year Built1924
- Taxes$ 6053
- Price$ 1,585,000
- Bedrooms6
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage1624
- Lot Size0.15 Acres
Data Source:
Information and Real Estate Services (IRES)
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.
| Elementary School | Middle School | High School |
|---|---|---|
| Flatirons Elementary School | Casey Middle School | Boulder High School |
| Price History | |
|---|---|
| 3/22/2024 | Listed $1,585,000 |
General Features
| Interior Features | Eat-in Kitchen,Separate Dining Room |
|---|---|
| Sewer | City Sewer |
| Heating | Forced Air |
| Utilities | Natural Gas Available,Electricity Available |
| Roof | Composition |
| Appliances | Refrigerator,Washer,Dryer,Microwave |
| Zoning | Res |
| Gas Y/N | Natural Gas |
| Architectural Style | Ranch |
| Construction Materials | Wood/Frame,Brick/Brick Veneer |
| Exclusions | Tenants personal property |
| Year Built | 1924 |
| Electric | Electric |
| Tenant Pays | Gas,Electricity,Water,Sewer,Trash Collection |
| Stories | 1 |
| Levels | One |
| Property SubType | Income Property |
| Tax Year | 2023 |
| Gross Income | 100080 |
| County | Boulder |
| Net Operating Income | 91050 |
| Operating Expense | 9030 |
| New Construction | No |
| Property Type | Residential Income |
| HOA / Comm Assn | No |
| Attached Garage | No |
| Subdivision Name | University Place |
| Possible Use | Single Family |
| Garage Y/N | No |
| Status | Active |
| High School | Boulder |
| City | Boulder |
| Buyer Agent Compensation | 2.80 |
| Senior Community Y/N | No |
| High School District | Boulder Valley Dist RE2 |
| NumberOfUnitsTotal | 1 |
| MLS Area | Boulder |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 6700 |
| Waterfront Y/N | No |
| Elementary School | Flatirons |
| Property Attached Y/N | No |
| Land Lease Y/N | No |
| Tax Annual Amount | 6053 |
| Middle/Junior High School | Casey |
| Property Condition | Not New,Previously Owned |
| Days on Market | 92 |
| Living Area Units | Square Feet |
| Standard Status | Active |
| Cap Rate | 5.74 |
| Buyer Agent Compensation Type | % |
Interior Features
| Basement | 90%+ Finished Basement |
|---|---|
| Fireplace Features | Single Fireplace |
| Air Conditioning Y/N | No |
| Heating Y/N | Yes |
| Fireplace Y/N | Yes |
| Total Bedrooms | 6 |
| LivingAreaSource | Assessor |
| Total Baths | 2 |
Exterior Features
| Water Source | City Water,City |
|---|---|
| Lot Size Area | 6700 |
| Spa | No |
| Lot Size Acres | 0.15 |
| Horse Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Income Average in 80302
Price
Taxes
Visits
Year Built
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Information deemed reliable but not guaranteed by the MLS. © 2024 Information and Real Estate Services, LLC.
Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules. © Copyright IRES.
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