3460 Madison Ave, Boulder, CO 80303

$2,750,000
7,292
SqFt
Sold Price
$2,750,000
List Price
$3,000,000
Closing Date
Jan 15, 2019
Days on Market
2
MLS#
865241
Property Type
Multifamily
Sqft. of Residence
7,292
Lot Size
14,810
Status
SOLD

Property Description

12 Unit Multifamily in Fantastic Location Close to CU. Standard 1-Bed Units w/ Consistent Floor Plans, Large Living Spaces, Vaulted Ceilings, Skylights, Lots of Closet Space, Full Baths, W/D's in Unit, Patios. Current Average/Unit $1,280/Month w/ New Leases $1,365 & Potential to Increase to $1,375 & Charge Parking, Pets, Storage & Utils. Many Tenants Long-Term. Mostly Grad Students & Professionals. 14 Parking Spaces & Exterior Storage Units. Newer Windows, 5-Year-Old Furnaces & H2O Heaters.

Additional Information

Lot Size
14,810
Capitalization Rate
5.03
Year Built
1967
Elementary School
Creekside
Zoning
RH-5
New Financing
Cash, Conventional
Utilities
Natural Gas, Electric, Separate Meter Electricity, Separate Meter Gas
Basement Foundation
No Basement
Approximate Acreage
0.34
Middle School
Manhattan
Locale
Boulder
High School
Fairview
Outdoor Features
Patio
Unit Ones Numberof Bedrooms
1
Inclusions
Electric Range/Oven, Dishwasher, Refrigerator, Clothes Washer, Clothes Dryer, Microwave, All Appliances, Disposal
Design Features
Eat-in Kitchen, Cathedral/Vaulted Ceilings, Open Floor Plan, Washer/Dryer Hookups, Skylights, Outside Entry
Cooling
Room Air Conditioner
Property Styles
2 Story
Heating
Forced Air, Individual Heat Source
Style
2 Story
Subdivision
West View Gardens
Listing Type Id
Income Property
School District
Bldr Valley Dist RE2
Gross Operating Income
198000.0000
Construction
Wood/Frame
Net Operating Income
$151,017
Total Operating Expense
46983.0000
Ownership
Private Owner
Taxes
$12,784
Possible Usage
Single Family, Multi Family
Parking Per Unit
1 Space/Unit
Tenant Pays
Deposit, Gas, Electric
Total Numberof Units
12

Listing courtesy of Gibbons-White, Inc.. Selling Office: .

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