Homes for sale - 1511 Broadway, Boulder, CO 80302

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William Watson

bill@watsonrg.com +1(303) 842-0836

$3,150,000

Est. payment - /mo

3,582 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 3,582 sqft

Price per Sqft $879

Subdivision Grand View Heights

MLS Listing ID IR1035830

HOA Y/N No

Year Built 1907

Annual Tax Amount $10,311

Tax Year 2024

Lot Size 7,056 Sqft

Acres 0.16

Property Sub-Type Quadruplex

Source recolorado

Property Description

4-plex on The Hill at a superb location students love - and at an attractive price for investors. Look at that CAP rate and GRM. Never vacant. In fact, there's a steady stream of fraternity brothers who rent this whole house year after year. Solid rents secured through August 2026 AND the ability to easily add even more value. The lot is so big, it extends from Broadway all the way back to the alley. At least 10 parking spaces on the long driveway and behind the house accessed from the alley. Brand new paint on the whole exterior of this three story property. The front of the house includes a covered porch with new decking, and a grassy space with a flagstone patio perched above Broadway. In the back, there's a huge cemented patio students easily find a way to enjoy... and don't forget the balcony with new decking off of the top level overlooking the back of the property. A short walk to both CU and Downtown... and across the street from The Limelight Boulder, the $130 million hotel and conference center opening later this summer. The property is a legal 4-plex, but lives like one big house. Currently finished as 12 bedrooms, 4 bathrooms and 3 kitchens. There are 3 bedrooms on the main level, 5 bedrooms on the upper level and 4 bedrooms on the lower level. Each level has its own kitchen. Laundry for all tenants is located in the basement (2 new washers and 2 new dryers). New water heater in 2024. Hard flooring in all common area living spaces, both laminate and tile. Carpet in the bedrooms. Residents can enter through the front of the house or the north side, and three bedrooms have private outdoor access. Take a look at the huge living room and the opportunity to add an additional bedroom. Bring your creativity and vision to help maximize the potential of this in demand income property at a fantastic Boulder location.

Location

State CO

County Boulder

Zoning 4-plex

Interior

Heating Hot Water

Fireplace N

Appliance Dishwasher, Disposal, Dryer, Oven, Refrigerator, Washer

Laundry In Unit

Exterior

Exterior Feature Balcony

Utilities Available Cable Available, Electricity Available, Internet Access (Wired), Natural Gas Available

Roof Type Composition

Total Parking Spaces 10

Building

Water Public

Level or Stories Three Or More

Structure Type Frame

Schools

Elementary Schools Flatirons

Middle Schools Manhattan

High Schools Boulder

School District Boulder Valley Re 2

Others

Ownership Individual

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by Robinson Investment Co., Inc.

"Many agents say they put their client’s needs first, but the Watson Realty Group are on a mission to actually do it by providing their clients several GUARANTEE programs that take the risk out of selling or buying a home. We are passionate about providing these guarantees, and at the same time making each of our clients feel as though they are our only client. We Live Here, We Work Here and We are Here to Serve You! "

+1(303) 842-0836

bill@watsonrg.com

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1511 Broadway Boulder, CO 80302