For Sale
$2,950,000

1012 15Th StBoulder, CO 80302

10-Bed, 6-Unit Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional six-unit multifamily property, located at 1012 15th Street in Boulder, Colorado (zip code 80302), presents a compelling investment opportunity. The 3,390 square foot building boasts a desirable mix of studio, one, two, and three-bedroom units, totaling ten bedrooms and six bathrooms. Currently operating as student housing within the RM-2 zoning district, the property enjoys a prime University Hill location, steps from the CU Boulder campus. The property features remodeled units with a strong rental history and is pre-leasing for the 2025-2026 school year. With a projected Net Operating Income (NOI) of $147,000 and a 5% capitalization rate, this Class B property offers a strong return on investment. The asking price is $2,950,000. This is a rare chance to acquire a well-maintained, high-performing student housing asset in a highly sought-after Boulder location. The property's strong performance and location make it an ideal addition to any investment portfolio.

Highlights

  • Pre-leasing for the 2025-2026 school year.
  • Projected 5% capitalization rate.
  • Excellent University Hill location in Boulder, CO.
  • Remodeled units with strong rental history.

Property Details for 1012 15Th St

Property type
Dormitories, Student housing
Square Feet
3,390 SF
Class
B
Units
6

Location Insight

City
Boulder
County
Boulder
State
Colorado
Latitude
40.0057748
Longitude
-105.2734589
1012 15Th St, Boulder, Colorado

FAQs

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1012 15Th St
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