$1,000,000
●
Condo -
Off Market
903 18th St #302
Boulder, CO 80302
4 Beds
4 Baths
1,333 Ft²
$6,324
Est. Monthly
$850
HOA / Fees
2.22%
Cap Rate
About This Property
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.
Unit Size
1,333 Ft²
Days on Market
-
Land Size
-
Price per sqft
$788
Property Type
Condo
Property Taxes
$318
HOA Dues
$850
Year Built
1925
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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: 2 years ago (IRES MLS #1022782)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 23, 2024 | Sold | ||
| Sold | |||
| Dec 16, 2024 | In contract | - | |
| In contract | |||
| Nov 25, 2024 | Listed by Gibbons-White, Inc. | $1,050,000 | |
| Listed by Gibbons-White, Inc. | |||
Property Highlights
Garage
Air Conditioning
Parking Details
Has Garage
Garage Spaces: 1
Interior Details
Bedrooms: 4
Full Bathrooms: 4
Appliances: Electric Range/Oven, Dishwasher, Refrigerator, Washer, Dryer, Microwave
Window Features: Window Coverings
Basement: None
Exterior Details
Has Property Attached
Square Footage: 1333
Square Footage Source: Assessor
Security Features: Smoke Detector(s)
Property Condition: Not New, Previously Owned
Year Built: 1987
Above Grade Finished Area: 1333Square Feet
Building Area Total: 1333
Levels: Three Or More
Building Area Units: Square Feet
Construction Materials: Composition Siding
Patio and Porch Features: Deck
Roof: Rubber
Lot Size Units: Square Feet
Water Source: City Water, City of Boulder
Financial Details
Tax Annual Amount: $3,810
HOA/Condo/Coop Fee Includes: Common Amenities, Trash, Snow Removal, Maintenance Grounds, Management, Utilities, Maintenance Structure, Water/Sewer, Hazard Insurance
Association Name: 18th St. on the Hill
HOA Fee: $850
HOA Fee Frequency: Monthly
Utilities Details
Cooling Type: Central Air
Heating Type: Forced Air
Utilities for Property: Natural Gas Available, Electricity Available
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
About Central Boulder
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Listed by: Steve Sims, Gibbons-White, Inc.
Last Updated: 2 years ago
Data Source: IRES MLS, MLS# 1022782
Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. Compensation information displayed on listing details is only applicable to other participants and subscribers of the source MLS.
Last Updated: 2 years ago
Data Source: IRES MLS, MLS# 1022782
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