2002 Baseline Road, Boulder, CO 80302
- $1,500,000
- 7
- BD
- 3
- BA
- 2,837
- SqFt
Courtesy of Compass - Denver . kathie@kathieball.com,303-956-1856
Selling Office: 8z Rentals.- Sold Price
- $1,500,000
- List Price
- $1,549,000
- Closing Date
- May 10, 2024
- Type
- Single Family Residential
- Status
- CLOSED
- MLS Number
- 4376866
- Bedrooms
- 7
- Bathrooms
- 3
- Finished Sqft
- 2,837
- Above Grade Sqft
- 1987
- Total Sqft
- 2837
- Subdivision
- Interurban Park
- Sub-Area
- Interurban Park
- Year Built
- 1950
Property Description
Introducing 2002 Baseline - an exceptional income property opportunity ideally situated just one block off campus, offering convenience and comfort for university students. All are leased through July 2024, with most leased through July 2025, providing a stable and lucrative rental income. THE CURRENT CAP RATE IS 5.6%! The seller has made significant investments to enhance the property's appeal, including a forthcoming balcony off the second floor and a new deck complete with a spiral staircase, offering a perfect setting for relaxation and enjoyment, not to mention outstanding views of the Flatirons. Further upgrades include a new 50-gallon water heater, a new refrigerator, a new roof with Class 4 shingles, and new gutters, ensuring modern comfort and efficiency for the tenants and the property. A new egress window was added in the basement bedroom, new insulation in the attic, and some new windows further enhance the property's overall value. This income property presents an incredible opportunity for investors seeking a turnkey investment with a proven track record of rental success. Don't miss out on owning this prime income-generating property that offers current stability and future potential.
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Additional Information
- Taxes
- $6,444
- School District
- Boulder Valley RE 2
- Elementary School
- Creekside
- Middle School
- Manhattan
- High School
- Boulder
- Garage Spaces
- 2
- Parking Spaces
- 2
- Basement
- Finished, Walk-Out Access
- Basement Finished
- Yes
- Type
- Single Family Residence
- Sewer
- Public Sewer
- Lot Size
- 6,802
- Acres
- 0.16
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