1511 Broadway Active Save Request In-Person Tour Request Virtual Tour
Boulder,CO 80302
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,582 sqft
Price per Sqft $851
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
Back on the market because Buyer financing fell through. No fault of the Seller or the Property. In fact, we have a ton of information we are happy to share with your savvy investor about this 4-plex on The Hill. Listed far below recent $3.46 million appraisal. 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. 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, high performing income property at a superb 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,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