Sold

1056 11th St

Boulder CO, 80302

$2,225,000


$364.87 per sqft

Sold

8 Beds

2 Baths

6,098 sqft

Multi-family

Built in 1923

Estate liquidation. Burgess Group, Compass is proud to present 1056 11th St, a recently renovated duplex, 9 bedroom (with 8 rentable bedrooms) asset in the heart of University Hill in Boulder, CO. Consistently rented to sororities for top-dollar with steady annual increases, this extremely well-maintained property has outstanding cash flow with a projected cap rate of 5.6 on a NOI of $146,000, with room for additional parking income, improvements, and rent increases. Unit #1056 11th St is already leased for 2023-24 for $153,600; Just 3 blocks from CU campus and The Hill business district, this property has an ideal location and features a light, bright interior, vinyl plank flooring, new sewer line, a 2015 class 4 roof, 6 ft steel locking security fencing, Jellyfish LED exterior lights, and electric baseboard backup heat in each room. Over 40k worth of improvements done by the owner in the past two years. For more information about this property please visit our website at: https://bit.ly/1054_11th

979140

MLS ID

November 23, 2022

Listed

February 16, 2024

Updated

Map

1056 11th St
Boulder CO, 80302

Interior Features

Total Stories

2


Bedrooms

8 Beds


Bathrooms

2 Baths


Interior Features

High Speed Internet, Separate Dining Room, Walk-In Closet(s), Outside Entry


Appliances

Electric Range/Oven, Dishwasher, Refrigerator, Washer, Dryer, Microwave, Disposal


Laundry Description

Washer/Dryer Hookups


Floor Description

Wood Floors


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Radiator, 2 or more Heat Sources

Exterior/Building Features

Lot Size

0.14 Acres


Lot Features

Curbs, Gutters, Sidewalks, Fire Hydrant within 500 Feet, Level, Sloped, Within City Limits


Roof

Composition


Sewer

City Sewer

School Information

School District

Boulder Valley Dist RE2


High School

Boulder


Elementary School

Flatirons

Other Property Details

Area Name

Boulder


Taxes

$7,802


Tax Frequency

Annually


Days on Market

122


Garage

No


Parking

Alley Access


View

No


County

Boulder


Water Source

City Water, City of Boulder


Pool

No


Zoning

MF


Buyer Agency Compensation

2.8%

Listing History

Date

Event

Price

5/13/2023

Sold

$2,225,000

Listed by Andy Burgess with Compass - Boulder
Listing Contact: 3035065669 

The IDX display contains information sourced from Information and Real Estate Services, LLC (IRES) as of 2/16/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase.  Information deemed reliable but not guaranteed by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 2/16/2024 at 5:52 AM UTC

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