903 18th Street #302
Boulder, CO 80302
1333 sqft | 4 beds | 4 baths | #IR1022782
Description
4 bedroom 4 bathroom unit with a total kitchen, bathroom, lighting and flooring remodel in 2017. Full size washer-dryer, granite countertops, upscale cabinets. This is the only unit in the complex that has central A/C. Each bathroom has a shower with soaking tub. Perfect college student rental less than a block away from the C.U. campus. Never vacant usually rented by word-of-mouth. Students love its proximity to classes and The Hill and enjoy having their own bathrooms. This top floor unit gives the tenants privacy as well as views of the foothills from the private deck. Currently leased to August 2025 at $5,400/month ($1,350/bedroom) making the Cap Rate 4.86% on current income. Rents for next school year expected to go to $1,450/bedroom making the cap rate 5.22% by next fall. The unit includes 3 deeded parking spaces, one in the underground garage.
Property Details
- Utility FeaturesElectricity Available, Natural Gas Available
- SubdivisionEighteenth Street On the Hill Condos
- School DistrictBoulder Valley RE 2
- ViewMountain(s)
- Property SubtypeCondominium
- Original List Price$1,050,000
- Elementary SchoolFlatirons
- Middle SchoolManhattan
- MLS #IR1022782
- MLS #IR1022782
- Property TypePurchase
- High SchoolBoulder
- CountyBoulder
- Cost1050000
- Utility SourcePublic
- Taxes Annual$3,810
- Square Feet1333
- Year Built1987
- Hoa Fees850
- Bedrooms4
- Bathrooms4
- Full Baths4
- Hoa1
Location
Legal
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Listing Courtesy
Listing Agent: Steve Sims (#RECIRP26896)
Listing Office: Gibbons-White, Inc. (#RECIR0GIBB)
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