For Sale
$2,750,000

1138 Pleasant StBoulder, CO 80302

Boulder CU Campus Rental Property

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional Boulder investment property, located at 1138 Pleasant St, 80302, offers a compelling opportunity in the vibrant University Hill neighborhood. The property consists of two buildings: a charming six-bedroom, two-bathroom main house with a welcoming front porch, and a separate two-bedroom, one-bathroom carriage house in the back. Boasting classic Boulder curb appeal and character, this Class B multifamily property totals 2,707 square feet and is ideally situated steps from the University of Colorado campus, the new Hill Hotel, and numerous restaurants and entertainment venues. Currently leased through the 2024-2025 school year at strong rates, generating a gross income of $171,000 and a projected net operating income (NOI) of $131,000. The asking price is $2,750,000, representing a 4.75% cap rate. The property is zoned MUH. This turnkey investment presents a rare chance to acquire a high-performing asset in a prime location with significant rental demand. Financial details are available upon request.

Highlights

  • Prime University Hill location.
  • Main house features six bedrooms.
  • Detached two-bedroom carriage house.
  • Charming Boulder curb appeal.
  • Annual gross income (2024-2025): $171,000.
  • Projected net operating income (NOI): $131,000.

Property Details for 1138 Pleasant St

Property type
Dormitories, Student housing
Square Feet
2,707 SF
Class
B
Units
2

Location Insight

City
Boulder
County
Boulder
State
Colorado
Latitude
40.0092227
Longitude
-105.2777694
1138 Pleasant St, Boulder, Colorado

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1138 Pleasant St
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