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Linette Nye Schmidt

linette@exitsilverthread.com +1(719) 588-1636

$ 825,000

Est. payment -/mo

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Price Dropped by $24K

1065 University AVE #123 Boulder, CO 80302

3 Beds

2 Baths

992 SqFt

UPDATED:

10/31/2024 04:22 AM

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 992 sqft

Price per Sqft $831

Subdivision University Hills

MLS Listing ID 7129264

Style Contemporary

Bedrooms 3

Full Baths 1

Half Baths 1

Condo Fees $930

HOA Fees $930/qua

HOA Y/N Yes

Originating Board recolorado

Year Built 1968

Annual Tax Amount $3,165

Tax Year 2023

Lot Size 0.960 Acres

Acres 0.96

Property Description

INCOME PROPERTY -- OR THE PERFECT PLACE TO STAY WHILE ATTENDING SCHOOL -- YOU DECIDE! Beautifully remodeled 3BR/1.5BA condo less than a block from CU Boulder's main campus and a bike ride to Boulder's famed Pearl Street walking mall. Get in on a fantastic investment that could provide an annuity for years to come. Main floor kitchen welcomes with contemporary cabinets and stunning granite countertops. Low-maintenance plank flooring and newer paint provide a gracious and welcoming living area. Main floor bedroom feels like a private retreat with a wide balcony to enjoy a quiet moment. Convenient powder room on main floor. Downstairs, two spacious bedrooms with generous closet space flank a modern bathroom where efficiency meets style. One assigned parking space. Photos shown were taken during turnover period between tenants, but unit is currently occupied. So much work has already been done you'll be able to close right away and enjoy the fruits of someone else's labor. For the 2024-25 lease currently in place -- Gross income: $55,680. CAP RATE: 6.5%. Come and discover your next great investment!

Location

State CO

County Boulder

Zoning RH-2

Rooms

Basement Finished

Main Level Bedrooms 1

Interior

Interior Features Ceiling Fan(s), Entrance Foyer, Granite Counters, Kitchen Island, Open Floorplan

Heating Baseboard

Cooling None

Flooring Vinyl

Fireplace Y

Appliance Dishwasher, Disposal, Microwave, Range, Refrigerator

Laundry Common Area

Exterior

Exterior Feature Balcony

Garage Asphalt

Fence None

Utilities Available Cable Available, Electricity Connected, Internet Access (Wired), Natural Gas Connected

Roof Type Unknown

Parking Type Asphalt

Total Parking Spaces 1

Garage No

Building

Story One

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Brick,Frame

Schools

Elementary Schools Flatirons

Middle Schools Manhattan

High Schools Boulder

School District Boulder Valley Re 2

Others

Senior Community No

Ownership Individual

Acceptable Financing 1031 Exchange, Cash, Conventional, Jumbo

Listing Terms 1031 Exchange, Cash, Conventional, Jumbo

Special Listing Condition None

Pets Description No

Listed by Pear Tree Property Management • 303-506-9956

Linette Nye Schmidt

Broker Associate | License ID: FA.100086260

+1(719) 588-1636

Linette Nye Schmidt

1065 University AVE #123 Boulder, CO 80302

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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1065 University AVE #123