For Sale
$1,950,000

1806 17Th StBoulder, CO 80302

High-Yield Downtown Boulder Duplex

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional Boulder investment opportunity presents a meticulously renovated Class B multifamily property ideally situated on a large corner lot in the heart of downtown, near the University of Colorado campus. The property consists of two side-by-side units, each boasting seven bedrooms and two bathrooms, providing ample space for student tenants. Modern upgrades throughout include stainless steel appliances, granite countertops, and wood vinyl plank flooring. Each unit offers spacious rooms and comfortable common areas. On-site amenities include laundry facilities, parking, and storage. The property generates a substantial net operating income (NOI) of $93,468, resulting in a compelling 4.8% cap rate based on secured rents. Zoned RH-2, this 1,992 square foot duplex offers a rare blend of prime location, strong cash flow, and modern appeal, making it an ideal addition to any investment portfolio. The asking price is $1,950,000. This is a turnkey operation ready for immediate income generation. The property's location ensures high occupancy rates and strong rental demand. Don't miss this chance to acquire a highly profitable student housing investment in a thriving Colorado market.

Highlights

  • Strong NOI of $93,468.
  • Attractive 4.8% cap rate based on secured rents.
  • Prominent corner lot in vibrant Downtown Boulder.
  • Two side-by-side units.
  • Each unit features two bathrooms.
  • Onsite laundry, parking, and storage.

Property Details for 1806 17Th St

Property type
Dormitories, Student housing
Square Feet
1,992 SF
Class
B
Units
2

Location Insight

City
Boulder
County
Boulder
State
Colorado
Latitude
40.0174973
Longitude
-105.2724885
1806 17Th St, Boulder, Colorado

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1806 17Th St
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