MLS® ID: 3706791

454 Arapahoe Avenue

Boulder, Colorado, 80302

$1,650,000 Under Contract
  • 12 Beds
  • 3393 SQFT
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.
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Listing courtesy of MARCUS & MILLICHAP INC

Amenities

  • Zip
    80302
  • Office name
    MARCUS & MILLICHAP INC
  • SQFT
    3393
  • Bedrooms
    12
  • Property type
    Income
  • Zoning type
    RES
  • Community name
    Mountain View
  • School district
    Boulder Valley RE 2
  • Year built
    1972
  • Lot size
    0.28
  • Heating
    Forced Air
  • Tax year
    2018
  • Agent name
    Clayton Primm
  • Tax amount
    $ 7491.0
  • Price Range
    $1.5m-$1.75m
  • Square Feet Range
    3000-3500 sq ft.
  • Bedrooms Range
    12 Beds
  • Acreage Range
    0.25 - 0.5
  • Year Built Range
    1989 (and earlier)
  • Office ID
    03031
  • Agent ID
    55042054

Location

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