For Sale Multi-Family MLS# IR1067349

1843 Arapahoe Avenue #1 & 2

Boulder, CO 80302

$1,495,000

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About 1843 Arapahoe Avenue #1 & 2

Unbeatable Rental Location! An investment opportunity in the popular Goss/Grove neighborhood, only a few blocks north of the University of Colorado Boulder and within easy walking/biking distance of needed amenities, restaurants, and nightlife. Built-in Tenant Demand! 1843 Arapahoe has been fully occupied and Professionally Managed for decades. Two Pre-leased Units with an excellent rental history, always at current market rates. Student populations and young professionals compete for rentals in this specific grid and this 2-unit home offers a main level 4-bed/2-bath renting for $6175/month plus a separate 1-bed/1-bath unit upstairs, which brings in $1975/mo. Built in 1900, this home comes with Historical Character Protection which preserves your investment from being visually replicated by generic new-construction and maintaining the existing historic neighborhood charm. The home was modernized in 1985 and is well maintained. Direct access to Boulder's amazing transportation (RTD) along Arapahoe makes it easy to be car-free in this location, however there are 2-off street parking spaces for the property. A private, fenced backyard adds to the value and the main unit has 3 entrances, allowing roommate privacy. Why bus or drive when you can walk/bike right out your door? Live the Boulder lifestyle from 1843 Arapahoe or get your foot in the door with this well priced investment home. No HOA!

Property details

Property

Type
Duplex
MLS type
Residential Income
Status
Active
Year built
1900
Stories
One, Two
Lot
0.1 AC / 4,277 SF
MLS #
1067349

Interior

Appliances
Dishwasher, Dryer, Oven, Refrigerator, Washer
Heating
Forced Air
Cooling
Ceiling Fan(s)
Windows
Window Coverings

Exterior & lot

Features
Balcony
Roof
Composition
Lot
Corner Lot, Flood Zone, Level
Patio & porch
Deck, Patio
Fence
Fenced, Partial

Schools

District
Boulder Valley RE 2
Elementary
Flatirons
Middle
Centennial
High
Boulder

Utilities

Utilities
Electricity Available, Natural Gas Available
Water
Public
Sewer
Public Sewer

Financial

Annual tax
$7,521
Parcel
R0002053

Location

Subdivision
T Js 1843 Sub
County
Boulder
Directions
From Broadway, go East on Arapahoe then turn left onto 19th St. Park on 19th, Grove, or 18th St. etc and walk to unit. Limited parking so plan accordingly. Assigned spaces are for tenants only.

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Questions on 1843 Arapahoe Avenue #1 & 2, or want to see it in person?

Listed by Tim Shea, Compass - Boulder

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