$2,160,000
$2,200,000
1.8%For more information regarding the value of a property, please contact us for a free consultation.
5 Beds
6 Baths
4,791 Sqft Lot
SOLD DATE : 04/17/2023
Key Details
Sold Price $2,160,000
Property Type Single Family Home
Sub Type Income Property
Listing Status Sold
Purchase Type For Sale
Subdivision Capitol Hill - Bo
MLS Listing ID 982616
Sold Date 04/17/23
Bedrooms 5
HOA Y/N false
Originating Board IRES MLS
Year Built 1920
Annual Tax Amount $10,964
Lot Size 4,791 Sqft
Acres 0.11
Property Description
1216 Pleasant Street is a six unit apartment building in a prime location on University Hill. There are 4 one-bed apartments and 2 studio apartments all leased through 07/2023. Existing rents total $125,040 per annum + additional fees for grounds and utilities. Pre-leasing for the 2023-2024 school year is underway. Projected rents are $138,120 and additional income is: $85/mo/unit for utility fund + $30/mo/unit for grounds + $300/month estimated for parking. Students love 1216's proximity to CU Campus, living in private units that have been fully updated and having shared laundry and parking onsite.
Location
State CO
County Boulder
Area Boulder
Zoning RH-2
Direction From Broadway, head west on Pleasant Street and the property is on the left, just after the alley.
Rooms
Basement Partial
Interior
Heating Forced Air
Appliance Electric Range/Oven, Dishwasher, Refrigerator, Washer, Dryer, Microwave, All Appliances
Laundry Common Area
Exterior
Exterior Feature Lighting
Garage Alley Access
Utilities Available Natural Gas Available, Electricity Available
Waterfront false
View City
Roof Type Composition
Street Surface Paved,Asphalt
Porch Patio
Parking Type Alley Access
Building
Lot Description Curbs, Gutters, Sidewalks
Story 3
Water City Water, City of Boulder
Level or Stories Tri-Level
Structure Type Brick/Brick Veneer
New Construction false
Schools
Elementary Schools University Hill, Columbine
Middle Schools Casey
High Schools Boulder
School District Boulder Valley Dist Re2
Others
Senior Community false
Tax ID R0006617
SqFt Source Assessor
Special Listing Condition Private Owner
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201 Coffman Street # 1902, Longmont, Colorado, 80502, United States