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    658 Marine St

    Boulder, CO 80302
    • $2,475,000
    • STATUS: Active
    • ON SITE: 53 days
    • MLS #: 934020
    Price Reduced
    UPDATED: 153 min ago
    $2,475,000
    • 0
      BEDS
    • 0.09
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,104
      SQFT
    • $603
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1911
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:

    Description

    Turnkey, well-maintained side-by-side duplex rented to CU students through July 2022. Rents starting August 2021 are $5600 for unit 2 and $4450 for unit 1 - slightly under-market for units in this condition and size. Both units are spacious, in high demand, and easy to pre-lease for the academic year. In addition to baths listed, upstairs bedrooms (3 in each unit) all have their own sink and vanity. One BR in Unit 2 is non-conforming. Tenants pay some utilities directly and reimburse owner for all others. Legal for 4-unrelated residents in each unit, and currently rented to 4 residents in each unit. Smartregs compliant. Seller is the listing agent, licensed in Colorado. Proof of funds or lender pre-approval required with all offers, no in-person showings until property is under contract. There will not be a for-sale sign in the yard. Seller to perform 1031 exchange.

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    © 2021 Information and Real Estate Services, LLC. IDX 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 is deemed reliable but is not guaranteed accurate by the MLS or J2 Real Estate Group at Remax Alliance. Data last updated: 2021-04-18T23:39:29.487.
    www.thedanielsgrouprealestate.com/homes/114494180
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    658 Marine St Boulder, CO 80302

    • Price: $2,475,000
    • Status: Active
    • Updated: 153 min ago
    • MLS #: 934020
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.09
    Acres
    4,104
    SQFT
    $603
    $/SQFT
    1911
    Built
    Neighborhood:
    Marine 658
    County:
    Boulder
    Area:
    01 Boulder City Limits
    Elementary School:
    Flatirons
    Middle School:
    Manhattan
    High School:
    Boulder
    School District:
    Boulder Valley Dist Re2
    Property Description
    Turnkey, well-maintained side-by-side duplex rented to CU students through July 2022. Rents starting August 2021 are $5600 for unit 2 and $4450 for unit 1 - slightly under-market for units in this condition and size. Both units are spacious, in high demand, and easy to pre-lease for the academic year. In addition to baths listed, upstairs bedrooms (3 in each unit) all have their own sink and vanity. One BR in Unit 2 is non-conforming. Tenants pay some utilities directly and reimburse owner for all others. Legal for 4-unrelated residents in each unit, and currently rented to 4 residents in each unit. Smartregs compliant. Seller is the listing agent, licensed in Colorado. Proof of funds or lender pre-approval required with all offers, no in-person showings until property is under contract. There will not be a for-sale sign in the yard. Seller to perform 1031 exchange.
    Exterior Features

    Construction Brick/Brick Veneer Location Description Corner Lot Outdoor Features Lawn Sprinkler System Property Styles 2 Story Type Duplex Waterfront No

    Interior Features

    Basement Foundation Full Basement Fireplaces Gas Fireplace Heating Forced Air Inclusions No Units Furnished Unit1 Bedrooms 4 Unit2 Bedrooms 6

    Property Features

    Capitalization Rate 4.37 Energy Star Certified No Gross Operating Income 120600.0000 Has Green Features Addendum No Has Solar Photovoltaic No Has Solar Thermal No Hers Rated No Hoa YN No Leed Certified No Listing Sub Status None Locale Boulder Nahb Certified No Net Operating Income 108370.0400 New Construction Status Not NewPreviously Owned New Financing CashConventional Ownership Licensed Owner Possible Usage Multi Family Tax Year 2020 Taxes 8767.96 Tenant Pays DepositGasElectricWaterSewer Total Operating Expense 12229.9600 Utilities Natural GasElectric Zoning Rmx-1

    Listing information © 2021 Information and Real Estate Services
    Listing provided courtesy of Michael Lane of Equity Colorado-Front Range.



    © 2021 Information and Real Estate Services, LLC. IDX 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 is deemed reliable but is not guaranteed accurate by the MLS or J2 Real Estate Group at Remax Alliance. Data last updated: 2021-04-18T23:39:29.487.
     
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    Fort Collins CO, 80525