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1034 Spruce St

Boulder, CO 80302
  • $2,350,000
  • STATUS: Active
  • ON SITE: 23 Days
  • MLS #: 987885
UPDATED: 64 min ago
$2,350,000
  • 8
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,436
    SQFT
  • $530
    $/SQFT
Type:
Multi-Family
Built:
1920
County:

School Information

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

Description

Spruce up your multi-family portfolio with this premier 5 Unit investment opportunity in the perfect location. 1034 Spruce Street offers immense value-add potential in Downtown Boulder, CO, just one block off the Pearl Street Mall. Fully pre-leased for the '23-'24 school year, this property is ready to be spruced up and offers plenty of room to grow.5 Unit / 9 Beds in Downtown BoulderAnnual Rents: $119,94010 onsite parking spaces5 Units : 2 - Dwelling Units, 2 - Two Bed Units, 1 - 3 Bed UnitValue-add opportunity with the best location, seriously.Pre-leased for 2023-2024 school year

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© 2023 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 SW Team | RE/MAX Alliance. Data last updated: 2023-06-10T08:41:59.603.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
www.soldbystephco.com/homes/139621412
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1034 Spruce St Boulder, CO 80302

  • Price: $2,350,000
  • Status: Active
  • On Site: 23 Days
  • Updated: 64 min ago
  • MLS #: 987885
8
Beds
0
Baths
0
½ Baths
0.14
Acres
4,436
SQFT
$530
$/SQFT
1920
Built
Neighborhood:
Boulder O T East & West & North - Bo
County:
Boulder
Area:
01 Boulder City Limits
Elementary School:
University Hill
Middle School:
Casey
High School:
Boulder
School District:
Boulder Valley Dist Re2
Property Description
Spruce up your multi-family portfolio with this premier 5 Unit investment opportunity in the perfect location. 1034 Spruce Street offers immense value-add potential in Downtown Boulder, CO, just one block off the Pearl Street Mall. Fully pre-leased for the '23-'24 school year, this property is ready to be spruced up and offers plenty of room to grow.5 Unit / 9 Beds in Downtown BoulderAnnual Rents: $119,94010 onsite parking spaces5 Units : 2 - Dwelling Units, 2 - Two Bed Units, 1 - 3 Bed UnitValue-add opportunity with the best location, seriously.Pre-leased for 2023-2024 school year
Exterior Features

Construction Materials Brick/Brick Veneer Exterior Features Balcony Horse YN No Levels Two Lot Features CurbsGuttersSidewalks Other Parking Parking Per Unit(2 Spaces/Unit) Parking Features Alley Access Property Attached YN Yes Road Frontage Type City Street Road Surface Type PavedAsphalt Roof Composition Spa YN No Structure Type Legal Non-Conforming View Foothills ViewCity Waterfront YN No

Interior Features

Appliances Electric Range/OvenRefrigerator Basement Unfinished Heating Baseboard Heating YN Yes Living Area Source Assessor Unit1 Bedrooms 1 Unit1 Est Sq Ft 240 Unit1 Total Baths 1 Unit2 Bedrooms 2 Unit2 Est Sq Ft 750 Unit2 Total Baths 1 Unit3 Bedrooms 2 Unit3 Est Sq Ft 550 Unit3 Total Baths 1 Unit4 Bedrooms 3 Unit4 Est Sq Ft 1025 Unit4 Total Baths 1

Property Features

Association YN No Cap Rate 3.58 Ditches Active YN No Electric ElectricXcel Energy Exclusions Tenant's Personal PropertyIncluding Microwaves. Gas Natural GasXcel Energy Gross Income 127800 Has Improvements No Has Water Rights No Income Includes Lease/RentsParking Listing Sub Status None Listing Terms CashConventional Locale Boulder Net Operating Income 84204.52 New Construction YN No Operating Expense 43595.48 Possible Use Multi-Family Property Condition Not NewPreviously Owned Property Sub Type Attached Dwelling Senior Community YN No Special Listing Conditions Private Owner Tax Annual Amount 10533.48 Tax Year 2022 Tenant Pays DepositGasElectricityWaterSewerTrash Collection Unit1 Rent 1135 Unit2 Rent 2145 Unit3 Rent 1995 Unit4 Rent 3135 Utilities Natural Gas AvailableElectricity Available Water Source City WaterCity Of Boulder Zoning Dt-2

Listing information © 2023 Information and Real Estate Services
Listing provided courtesy of Todd Walsh of Market Real Estate: 3034445040.



© 2023 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 SW Team | RE/MAX Alliance. Data last updated: 2023-06-10T08:41:59.603.

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