616 Marine St, Boulder, CO 80302

$2,050,000
5,010
SqFt
Sold Price
$2,050,000
List Price
$2,100,000
Closing Date
Oct 18, 2019
Days on Market
15
MLS#
895064
Property Type
Multifamily
Sqft. of Residence
5,010
Lot Size
9,147
Status
SOLD

Property Description

West Uni Hill 6-plex. Each unit is 2 level, 2bdrm/1bth w/ balcony off one bedroom and fenced patio off living room. 6 parking spaces behind property. Fully leased to August 2020. Current rents slightly under market. Smart Regs compliant. Tenants pay all utils/water/trash. Each unit has own furnace and hot water heater. Separately metered electric/gas. Lots of potential for updating kitchens/bthrms and increasing rents. Great location, nice sized units.

Additional Information

Lot Size
9,147
Capitalization Rate
5.06
Year Built
1960
Elementary School
Flatirons
Zoning
RMX-1
New Financing
Cash, Conventional, FHA, VA
Utilities
Separate Meter Electricity, Separate Meter Gas
Basement Foundation
No Basement
Approximate Acreage
0.21
Middle School
Manhattan
Locale
Boulder
High School
Boulder
Outdoor Features
Lawn Sprinkler System, Balcony, Patio
Unit Ones Numberof Bedrooms
2
Inclusions
All Appliances, Disposal, Smoke Alarm(s)
Property Styles
2 Story
Heating
Forced Air
Style
2 Story
Subdivision
HIGHLAND LAWN
Listing Type Id
Income Property
School District
Boulder Valley Dist RE2
Gross Operating Income
118260.0000
Construction
Brick/Brick Veneer
Net Operating Income
$106,275
Total Operating Expense
11985.0000
Ownership
Partnership
Taxes
$11,985
Possible Usage
Multi Family
Parking Per Unit
1 Space/Unit
Tenant Pays
Deposit, Gas, Electric, Water, Sewer, Trash
Total Numberof Units
6

Listing courtesy of Matrix Real Estate LLC. Selling Office: .

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