3460 Madison Ave, Boulder, CO 80303

$3,000,000
7,292
SqFt
List Price
$3,000,000
Status
BACKUP
MLS#
865241
Year Built
1967
Living Area
7,292
Lot Size
14,810
Subdivision
West View Gardens

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

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

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Gibbons-White, Inc..

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