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Off market

Buy a multi-family propertyat 846 16th St, Boulder, CO 80302

$1,650,000

$0/mo

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Multifamily

1,624 Sq. Ft.

6,700 Sq. Ft. lot

418 Days on market

982933 MLS ID

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About 846 16th St multi-family property

Prime Location on University Hill, within walking distance to CU and just blocks to historic Chautauqua park. This 6 Bedroom 2 Bath home is pre-leased for the 2023-2024 school year for $7800 a month. This classic brick home sits on a large west-facing corner lot offering an expansive park-like backyard with 3 designated parking spots. Inside find a large living room with wood floors and a lovely flagstone fireplace along with a charming kitchen and two good-sized bedrooms and a full bath on the main floor. On the lower level, 4 more bedrooms all with garden-level windows allowing for plenty of natural light, a full bath, and laundry await. The 4th bedroom offers a walk-out door option which would also make a great recreation room. Don't miss this wonderful investment opportunity.
Prime Location on University Hill, within walking distance to CU and just blocks to historic Chautauqua park. This 6 Bedroom 2 Bath home is pre-leased for the 2023-2024 school year for $7800 a month. This classic brick home sits on a large west-facing corner lot offering an expansive park-like backyard with 3 designated parking spots. Inside find a large living room with wood floors and a lovely flagstone fireplace along with a charming kitchen and two good-sized bedrooms and a full bath on the main floor. On the lower level, 4 more bedrooms all with garden-level windows allowing for plenty of natural light, a full bath, and laundry await. The 4th bedroom offers a walk-out door option which would also make a great recreation room. Don't miss this wonderful investment opportunity.

Property details

Building

Above Grade Finished Area: 812

Architectural Style: "Ranch"

Below Grade Finished Area: 812

Building Area Total: 812

Construction Materials: "Brick/Brick Veneer", "Block"

Has Improvements: No

Main Floor Sq Ft: 812

Total Sq Ft: 1624

Living Area: 1624

Living Area Source: Assessor

Living Area Units: Square Feet

Stories: 1

Year Built: 1924

Appliances & Equipment

Appliances: "Gas Range/Oven", "Refrigerator", "Washer", "Dryer", "Microwave"

Basement

Basement: "90%+ Finished Basement"

Bathrooms

Bathrooms Full: 2

Bathrooms Total Integer: 2

Baths Full Additional: 0

Baths Full Basement: 0

Baths Half Additional: 0

Baths Half Basement: 0

Baths Rough In: 0

Baths Three Quarters Additional: 0

Baths Three Quarters Basement: 0

Baths Three Quarters Lower: 0

Baths Three Quarters Upper: 0

Bedrooms

Bedrooms Total: 6

Room Bedroom Features: "Carpet"

Room Bedroom Level: Lower

Location

City: Boulder

Country: US

County Or Parish: Boulder

Locale: Boulder

Latitude: 40.00284

Longitude: -105.27212

MLS Area Major: Boulder

Postal Code: 80302

State Or Province: CO

Street Name: 16th

Street Number: 846

Street Suffix: St

Subdivision Name: University Place

Unparsed Address: 846 16th St Boulder CO 80302

Garage

Covered Spaces: 3

Garage Spaces: 3

Garage YN: t

Garage Type: Reserved

Utilities

Electric: "Electric"

Gas: "Natural Gas"

Is Water Meter Installed: Yes

Utilities: "Natural Gas Available", "Electricity Available"

Schools

Elementary School: Flatirons

High School: Boulder

High School District: Boulder Valley Dist RE2

Middle Or Junior School: Casey

Fence

Fencing: "Partial"

Fireplaces

Fireplace YN: t

Floors

Flooring: "Wood Floors"

Income

Gross Income: 93600

Net Operating Income: 88628

Heating

Heating: "Forced Air"

Heating YN: t

Unit One

Bedrooms Unit 1: 6

Number Of Units Unit 1: 1

Rent Unit 1: $7,800

Total Baths Unit 1: 2

Taxes

Has Metro Tax District: No

Tax Annual Amount: 4972

Tax Year: 2022

Water Features

Has Water Rights: No

Water Source: "City Water", "City"

Laundry

Laundry Room Floor Type Code: Carpet

Laundry Features: "Lower Level"

Listing

Listing Id: 982933

Listing Terms: "Cash", "Conventional"

List Price: 1650000

Mls Status: Active

Number Of Units Total: 1

Special Listing Conditions: "Partnership"

Standard Status: Active

Lot

Lot Size Acres: 0.15

Lot Size Area: 6700

Lot Size Square Feet: 6700

Lot Size Units: Square Feet

Expenses

Operating Expense: 4972

Property

Parcel Number: R0001962

Property Condition: "Not New, Previously Owned"

Property Sub Type: Income Property

Property Type: Residential Income

Second Bedroom

Room Bedroom 2 Features: "Wood Floor"

Room Bedroom 2 Level: Main

Third Bedroom

Room Bedroom 3 Features: "Carpet"

Room Bedroom 3 Level: Lower

Fourth Bedroom

Room Bedroom 4 Features: "Carpet"

Room Bedroom 4 Level: Lower

Fifth Bedroom

Room Bedroom 5 Features: "Carpet"

Room Bedroom 5 Level: Lower

Kitchen

Room Kitchen Area: 143

Room Kitchen Features: "Wood Floor"

Room Kitchen Length: 11

Room Kitchen Level: Main

Room Kitchen Width: 13

Living Room

Room Living Room Area: 234

Room Living Room Features: "Wood Floor"

Room Living Room Length: 13

Room Living Room Level: Main

Room Living Room Width: 18

Primary Bedroom

Room Master Bedroom Area: 100

Room Master Bedroom Features: "Wood Floor"

Room Master Bedroom Length: 10

Room Master Bedroom Level: Main

Room Master Bedroom Width

Tenant Pays

Tenant Pays: "Deposit", "Gas", "Electricity", "Water", "Sewer"

Windows

Window Features: "Window Coverings"

Monthly cost

Estimated monthly cost

$10,171/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$1,551,000

+$49,500

$1,600,500

Seller agent commission$49,500 (3%)*

$0 (0%)

Buyer agent commission$49,500 (3%)*

$49,500 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

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with an Unreal Estate agent

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Unreal Estate checked: Apr 24, 2024 at 6:37 p.m.

Data updated: Aug 3, 2023 at 7:45 p.m.

Courtesy of Jennifer Crow, RE/MAX Professionals Ken Caryl 3039729999
This content last updated on 08/03/2023. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Provided for limited non-commercial use only under IRES Rules. 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.
Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © IRES 2024. All Rights Reserved.

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