$875,000
●
House -
Off Market
903 18th Street #103
Boulder, CO 80302
Studio
0 Bath
$825,970
RealtyHop Estimate
-5.60%
Since Apr 1, 2022
CO-Denver
Primary Model
About This Property
A rare gem of an investment property located in the heart of the
University Hill neighborhood in Boulder, Colorado! This student
rental property maintains 100% occupancy year round. There is a
lease in place at $4,400 per month until July2022, then the rent
increases to $4,800 per month and expires July 2023.The layout of
this unit is unique; as it is essentially a four bedroom, four
bathroom apartment contained in one 1,333 square foot unit. This
unit also consists of a common living room and a full kitchen.
There is a small laundry room within the unit, and the unit
includes one underground assigned parking space and one surface
parking space. There is even a large, 341 square foot, wrap-around
private patio and a small 6'x6' storage unit.Easy walking distance
to Walgreens, Starbucks, and a plethora of restaurants, shops and
more. This condominium is any students dream come true home away
from home and a money maker for the savvy investor.
Unit Size
-
Days on Market
-
Land Size
0.40 acres
Price per sqft
-
Property Type
House
Property Taxes
$343
HOA Dues
$786
Year Built
1925
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 years ago (REcolorado MLS #RECIR958739)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 18, 2022 | Sold | ||
| Sold | |||
| Feb 9, 2022 | Listed by RE/MAX Traditions Commercial | $875,000 | |
| Listed by RE/MAX Traditions Commercial | |||
Property Highlights
Parking Details
Total Number of Parking: 2
Interior Details
Interior Features: Eat-in Kitchen, Open Floorplan
Appliances: Dryer, Microwave, Oven, Refrigerator, Washer
Basement: None
Exterior Details
Property Type: Residential
Property Sub Type: Single Family Residence
Year Built: 1987
Levels: One
Structure Type: House
Building Area Total: 1333
Construction Methods: Wood Frame
Roof: Membrane
Lot Features: Corner Lot
Lot Size Acres: 0.4
Lot Size Square Feet: 17616
Water Source: Public
Financial Details
Tax Year: 2021
Tax Annual Amount: $4,118
Utilities Details
Heating: Forced Air
Sewer : Public Sewer
Location Details
County or Parish: Boulder
Other Details
Association Fee Includes: Reserves, Maintenance Grounds, Maintenance Structure, Snow Removal, Trash
Association Fee: $786
Association Fee Freq: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
11/25/2024
|
4 Bed
|
4 Bath
|
1333 ft²
|
$1,050,000
4 Bed
4 Bath
1333 ft²
|
$1,000,000
-4.76%
12/23/2024
|
Steve Sims
Gibbons-White, Inc.
| |
|
02/09/2022
|
Studio
|
-
|
-
|
$875,000
Studio
-
|
$875,000
03/18/2022
|
Keith Kanemoto
RE/MAX Elevate
| |
|
06/26/2020
|
2 Bed
|
2 Bath
|
892 ft²
|
$550,000
2 Bed
2 Bath
892 ft²
|
$550,000
08/10/2020
|
Amie Jablonski
RE/MAX of Boulder, Inc
| |
|
10/24/2012
|
4 Bed
|
4 Bath
|
1333 ft²
|
$469,000
4 Bed
4 Bath
1333 ft²
|
$452,000
-3.62%
11/15/2012
|
Brandon Teeples
The TC Group, LLC
|
Building Info
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