See Home Value
$790,000
● Multifamily - Off Market

964 Arapahoe Ave #3

Boulder, CO 80302
bedrooms
4 Beds
bathrooms
2 Baths
$856,269
RealtyHop Estimate
3.16%
Since Jan 1, 2023
CO-Denver
Primary Model

About This Property

Turn-Key investor opportunity in unbeatable location 3 blocks from Pearl, 5 blocks from the heart of the Hill & campus, and across the street from the brand new civic area park with access to the Boulder Creek Path.  Four bedrooms, two baths, giant wrap-around deck, one off-street covered parking space, exterior storage closet, bamboo floors, washer & dryer, dishwasher, slide-in gas range, stainless steel fridge, gas fireplace, and mountain views!   Rented through Aug '23.  Unit is never vacant as it's easy to pre-lease ~9 months before the start of each school year.  Zoned RH-2, Legal for 4 unrelated.  HOA includes everything: Flood Insurance, studs-out property insurance, heat, water, trash, recycling, snow removal, landscaping, & all exterior maintenance.  Current 4.8% cap rate; Buyer can easily bump rates for '23-24 school year.  Seller is a broker licensed in the State of Colorado.
Unit Size
-
Days on Market
-
Land Size
0.25 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
$384
HOA Dues
$792
Year Built
-

Payment Calculator

Cap Rate Calculator

Last updated: 3 years ago (IRES MLS #977796)

Price History

Date / Event Date Event Price
Dec 15, 2022 Sold
Sold
Oct 25, 2022 Listed by Michael M Lane $830,000
Listed by Michael M Lane
Jan 15, 2020 No longer available -
No longer available
Oct 18, 2019 Price Increased $824,999
↑ $99 (0%)
Price Increased
Sep 25, 2019 Listed $824,900
Listed
Turn-Key investor opportunity rented through Aug '20. HOA includes everything: Flood Insurance (lender required, $1000 annual savings), studs-out property insurance, heat, water, trash, recycling, snow remove, landscaping, & all exterior maintenance. Current 4.6% cap rate; 5% with anticipated rents. Renovations include stainless appliances, maple cabinets, bamboo floors, new tile in baths and a gas fireplace. Tenants love the giant wrap around deck and mountain views! RH-2, Legal for 4 unrelated The manager has listed the unit size as 1189 square feet.
Show More

Property Highlights

Fireplace
Interior Details
Bedrooms: 4
Interior Features: High Speed Internet, Open Floorplan
Appliances: Gas Range/Oven, Dishwasher, Refrigerator, Washer, Dryer, Microwave
Has Fireplace
Fireplace Features: Gas
Basement: None
Exterior Details
Has Property Attached
Square Footage Source: Assessor
Security Features: Smoke Detector(s)
Property Condition: Not New, Previously Owned
Architectural Style: Ranch
Year Built: 1973
Levels: One
Building Area Units: Square Feet
Construction Materials: Wood/Frame
Patio and Porch Features: Deck
Roof: Composition
Lot Features: Curbs, Gutters, Sidewalks
Lot Size Area: 11002
Lot Size Units: Square Feet
Lot Size Acres: 0.25
Lot Size Square Feet: 11002
Water Source: City Water, City of Boulder
Financial Details
Tax Annual Amount: $4,610
HOA/Condo/Coop Fee Includes: Common Amenities, Trash, Snow Removal, Maintenance Grounds, Management, Utilities, Maintenance Structure
Association Name: Rittenhouse Condominiums
HOA Fee: $792
HOA Fee Frequency: Monthly
Association Phone: 720-810-4626
Utilities Details
Cooling Type: Ceiling Fan(s)
Heating Type: Hot Water
Utilities for Property: Natural Gas Available, Electricity Available, Cable Available
Sewer : City Sewer

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By
20221025 Unit 3
10/25/2022
3
4 Bed
2 Bath
-
$830,000
bedrooms
4 Bed
bathrooms
2 Bath
$790,000 -4.82%
12/15/2022
Michael Lane
Michael M Lane
20190925 Unit 3
09/25/2019
3
4 Bed
-
1189 ft²
$824,900
bedrooms
4 Bed
bathrooms
-
square feet
1189 ft²
-
-
-
20180323 Unit 6
03/23/2018
6
3 Bed
2 Bath
979 ft²
$669,900
bedrooms
3 Bed
bathrooms
2 Bath
square feet
979 ft²
$685,000 +2.25%
06/04/2018
Matt Ladwig
WK Real Estate
20150625 Unit 2
06/25/2015
2
2 Bed
1 Bath
734 ft²
$389,000
bedrooms
2 Bed
bathrooms
1 Bath
square feet
734 ft²
$384,500 -1.16%
08/03/2015
Karolyn Merrill
RE/MAX of Boulder

Building Info

964 Arapahoe 964 Arapahoe, Boulder, CO 80302
More about this Building
964 Arapahoe
Want to find out who owns 964 Arapahoe, Boulder, CO 80302? Get detailed property transactions here.

About Central Boulder


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals