454 Arapahoe, Boulder

$1,650,000

12 Beds
6 Baths
3,393 Sqft
.28 Acres
0 Garages

GREAT LOCATION! 100% OCCUPIED! MOUNTAIN VIEWS! LOW PRICE PER ROOM ($137,500/ROOM)! STUDENT RENTAL OPPORTUNITY! PERFECT INVESTMENT PROPERTY!

Built in 1972, 454 Arapahoe Ave. is a three-unit apartment building with 12 total bedrooms well-located in Boulder, CO.
The triplex consists of a single three-story concrete and stucco building with three 4BD/1.5BA units (1,131SF), for a total of 3,393 RSF. Each unit has a wooden balcony or concrete patio off of the living room and a wood-burning fireplace. There is exterior access to the building and a fenced perimeter around the tree-shaded lot. Nine off-street parking spots are available. There is an on-site laundry to the rear of the property. Property is currently Smart Regs compliant.
There is additional upside by increasing rent through renovating the units and adding two additional bathrooms per unit. Seller has initiated renovation approval process with the city. Plans associated with this addition will be conveyed at Closing.

Status: Pending

Metrolist Services Inc (Colorado) Logo MARCUS & MILLICHAP INC.

Essential Information
MLS® #3706791
Price$1,650,000
Bedrooms12
Bathrooms6.00
Square Footage3,393
Acres0.28
Year Built1972
TypeResidential Income
Sub-TypeSingle Family Residence
StyleLow Rise
StatusPending
Community Information
Address454 Arapahoe
SubdivisionMountain View
CityBoulder
CountyBoulder
StateCO
Zip Code80302
Amenities
ParkingDriveway
ViewMountain(s)
Utilities

High Speed Internet Available, Phone Available, Cable Available

Interior
InteriorCarpet, Plank, Tile, Vinyl
HeatingForced Air, Gas, Wood
CoolingOther
FireplaceYes
FireplacesWood Burning
StoriesMulti/Split
Appliances

Dishwasher, Disposal, Oven, Range, Refrigerator

Exterior
RoofOther
ConstructionConcrete, Stucco
FoundationBasement, Slab
Exterior Features

Balcony, Fence, Patio, Private Yard

School Information
DistrictBoulder Valley RE 2
Additional Information
Date ListedMay 15th, 2019
Days on Market188
ZoningRES
Listing Details
Metrolist Services Inc (Colorado) LogoMARCUS & MILLICHAP INC
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Listing information last updated on December 10th, 2019 at 9:45pm MST.