1220-1224 11th St Boulder CO 80302

Description

ALL UNITS ARE pre-leased to Aug 2025 at $22,000/month. Listed rents are reflective of pre-leased commitments and effective starting August 2024. Superb student rental in the HEART of The Hill on Pleasant street near fraternity houses. Tremendous rentability for this 5-plex in an unbeatable location only 2 blocks west of campus and 5 minute walk to restaurants and shopping. This property is composed of a 4 bedroom bungalow and an attached 4 unit building. The north side of the property is currently rented as 2, 3 bedroom units with 2 baths and 2 kitchens, legal room share. Each one bedroom has occupancy for 4 people. 20 person occupancy for the entire 5 plex. Parking lot on Pleasant St allows for 4 spots that fit 8 cars. The north side is brand new having been completely rebuilt from the studs up after a fire in 2019. New water main and new boiler. 4 high end full kitchens with granite countertops, modern dishwashers, OTC microwaves W/Ds, and stainless steel appliances. The attached 4 bedroom on the south side feels like a single family home is well maintained. Sunset mountain views to the west from a welcoming front porch. Wood floors, separate kitchen and dining area. All bedrooms are spacious with generous sized closets. Tons of natural light make the property warm and inviting. Two huge primary bedrooms on the main level with one shared bath with generous sized closets. There are 2 secondary bedrooms on the lower level that are spacious and bright, one with a private entrance.Almost no shared walls. Well insulated for isolated sound for all and lowered heat costs. Great investment opportunity! Conventional lending possible.