MLS® ID: 3706791
454 Arapahoe Avenue
Boulder, Colorado, 80302 $1,650,000
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.