Located in a prime location on The Hill, this townhouse-style condo in the College Townhomes complex is a strong investment opportunity in one of Boulder's most competitive student rental markets. The property is turnkey and leased through August 2, 2027, at an all-in rate of $4,809.50 per month, for an estimated 5.1% cap rate. The layout is built for rental appeal. The main level features a bedroom with direct access to a private balcony, a well-appointed kitchen with a bar-top counter, a comfortable living area, and a half bath. Upstairs, you'll find two additional bedrooms and the full bathroom. Residents also enjoy one assigned off-street parking space, on-site laundry, and community spaces including a sun deck and picnic area. With income already secured through the 2026-27 lease term, this is a rare chance to add a proven asset on The Hill to your portfolio. Explore the virtual tour to see the space. The seller also owns Unit 118 in the same building, offering the opportunity to acquire multiple units together.
Property details
Property
Type
Condominium
MLS type
Residential
Status
Active
Year built
1968
Stories
Two, Bi-Level
Living area
992 sqft
Price / sqft
$731
Lot
1.01 AC / 43,814 SF
Full baths
1
Half baths
1
MLS #
1069764
Interior
Appliances
Dishwasher, Oven, Refrigerator
Heating
Baseboard, Hot Water
Exterior & lot
Features
Balcony
Roof
Membrane, Metal
Lot
Corner Lot
View
Mountain(s)
Schools
District
Boulder Valley RE 2
Elementary
Flatirons
Middle
Manhattan
High
Boulder
Utilities
Utilities
Electricity Available, Natural Gas Available
Water
Public
Financial
HOA
Yes
Annual tax
$3,877
Parcel
R0103404
Location
Subdivision
College Twnhs Condos
County
Boulder
Directions
From 36, Exit to Baseline, right on Broadway, Left on College, building located at corner of 12th and College.
Ask about this property
Questions on 1200 College Avenue #213, or want to see it in person?
Listed by P Caldwell Sullivan, Four Star Rlty & Prop Mgmt