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2-Property Student Housing Investment

$3,300,000

1503 20th Street, Boulder, CO 80302

Active
Last Updated: 06/07/2021

5.11

Cap Rate

168,766.45

NOI

Details:
Cap Rate:    5.11%
NOI:    $168,766.45
Building Size:    5,200 sqft
Lot Area:    13,337 sqft
Occupancy:    100%
Units:    7
Year Built:    1880
Floors:    2
Parking Spots:    12
Highlights:
  • Two side-by-side properties, one parcel
  • One 4-BR House, Two 3-Br Units and Four 3-BR Units
  • Fully leased (100% preleased for 2020-2021 school year)
  • Income Producing Garages
  • Off-Street Parking (12+ Spaces)
Description:

Level up your portfolio with this 2-property student housing investment with honors. 2 Properties, 1 Parcel, 7 Units, 18 Total Beds. The appeal is real for these two lodge-like properties with A+ grades in student housing. The convenient 20th Street location puts residents close to class (just minutes from CU or Naropa), plus all the action of downtown Boulder’s restaurants, bars, shopping and more. The gabled cabin-style exteriors evoke a rustic resort charm while the updated interiors deliver bright spaces for student life to thrive.

Map:
Documents:
Title
Memorandum_-_1503-1513_20th_Street_Final.pdf
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