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1806 17th St 2 Unit Apartment Building $2,145,000 ($1,072,500/Unit) 5.30% Cap Rate Boulder, CO 80302
Investment Highlights
- Projected NOI: $113,674
- Large corner lot in Downtown Boulder
- 8 Beds / 4 Baths
- Projected Cap Rate: 5.30%
- Side-by-side units
- Laundry, parking and storage onsite
Executive Summary
Located in the heart of Downtown Boulder, this multi-family investment property offers two side-by-side units that have been thoughtfully updated
with granite counters, stainless steel appliances, and laundry. Unit 1: 4 Beds/2 Baths and Unit 2: 4 Beds/2 Baths. The projected NOI with 26-27' rents is over $113K. With a perfect mix of charm and strong student housing rental history, this property is a smart investment opportunity.
with granite counters, stainless steel appliances, and laundry. Unit 1: 4 Beds/2 Baths and Unit 2: 4 Beds/2 Baths. The projected NOI with 26-27' rents is over $113K. With a perfect mix of charm and strong student housing rental history, this property is a smart investment opportunity.
Property Facts
| Price | $2,145,000 | Apartment Style | Low-Rise |
| Price Per Unit | $1,072,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 5.30% | Building Size | 1,992 SF |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1999 |
| Property Subtype | Apartment | ||
| Zoning | RH-2 - MUH | ||
| Price | $2,145,000 |
| Price Per Unit | $1,072,500 |
| Sale Type | Investment |
| Cap Rate | 5.30% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 1,992 SF |
| No. Stories | 2 |
| Year Built | 1999 |
| Zoning | RH-2 - MUH |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Good public transit
70/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 1463308-09-006 | Improvements Assessment | $38,169 |
| Land Assessment | $54,781 | Total Assessment | $92,950 |
Property Taxes
Parcel Number
1463308-09-006
Land Assessment
$54,781
Improvements Assessment
$38,169
Total Assessment
$92,950
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1806 17th St
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