Turn-Key investor opportunity in unbeatable location 3 blocks from Pearl, 5 blocks from the heart of the Hill & campus, and across the street from the brand new civic area park with access to the Boulder Creek Path. Four bedrooms, two baths, giant wrap-around deck, one off-street covered parking space, exterior storage closet, bamboo floors, washer & dryer, dishwasher, slide-in gas range, stainless steel fridge, gas fireplace, and mountain views! Rented through Aug '23. Unit is never vacant as it's easy to pre-lease ~9 months before the start of each school year. Zoned RH-2, Legal for 4 unrelated. HOA includes everything: Flood Insurance, studs-out property insurance, heat, water, trash, recycling, snow removal, landscaping, & all exterior maintenance. Current 4.8% cap rate; Buyer can easily bump rates for '23-24 school year. Seller is a broker licensed in the State of Colorado.
Sold
$790,000
964 Arapahoe Ave UNIT 3, Boulder, CO 80302
4beds
2baths
1,189sqft
Attached Dwelling, Multi Family
Built in 1973
-- sqft lot
$818,500 Zestimate®
$664/sqft
$792/mo HOA
What's special
Zillow last checked: 7 hours ago
Listing updated: August 01, 2024 at 08:46pm
Listed by:
Michael Lane 303-819-6010,
Equity Colorado-Front Range
Bought with:
Non-Ires Agent
Non-IRES
Source: IRES,MLS#: 977796

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Hot Water
Cooling
- Ceiling Fan(s)
Appliances
- Included: Gas Range/Oven, Dishwasher, Refrigerator, Washer, Dryer, Microwave
Features
- High Speed Internet, Open Floorplan, Open Floor Plan
- Basement: None
- Has fireplace: Yes
- Fireplace features: Gas
Interior area
- Total structure area: 1,189
- Total interior livable area: 1,189 sqft
Property
Parking
- Details: Parking Per Unit(1 Space/Unit)
Features
- Stories: 1
- Patio & porch: Deck
- Fencing: Wood
Lot
- Size: 0.25 Acres
- Features: Curbs, Gutters, Sidewalks
Details
- Parcel number: R0510887
- Zoning: RH-2
- Special conditions: Private Owner
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Ranch
- Property subtype: Attached Dwelling, Multi Family
- Attached to another structure: Yes
Materials
- Wood/Frame
- Roof: Composition
Condition
- Not New, Previously Owned
- New construction: No
- Year built: 1973
Utilities & green energy
- Electric: Electric, Xcel
- Gas: Natural Gas, Xcel
- Sewer: City Sewer
- Water: City Water, City of Boulder
- Utilities for property: Natural Gas Available, Electricity Available, Cable Available
Community & neighborhood
Community
- Community features: Extra Storage
Location
- Region: Boulder
- Subdivision: Rittenhouse Condominiums
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $792 monthly
- Services included: Common Amenities, Trash, Snow Removal, Maintenance Grounds, Management, Utilities, Maintenance Structure
Other financial information
- Total actual rent: 4430
Other
Other facts
- Income includes: Lease/Rents
- Listing terms: Cash,Conventional
- Road surface type: Paved, Asphalt
Services availability

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