Skip To Content

1925 Spruce St

Boulder, CO 80302
  • $900,000
  • STATUS: Closed
  • ON SITE: 340 Days
  • MLS #: 988108
Sold - 08/21/2023
$900,000
SOLD - 08/21/2023
  • 4
    BEDS
  • 0.16
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 2,285
    SQFT
  • $0
    $/SQFT
Type:
Multi-Family
Built:
1942
County:

School Information

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

Description

Perfectly positioned within Whittier, this property presents an ideal opportunity for rental income and investment. Comprised of three separate legal, nonconforming residences, this property offers upside possibilities for crafting a personalized vision in a coveted location. The first, front-facing residence A features two bedrooms complemented by a bathroom. Two attached, rear residences, B + C, each feature one bedroom and one bathroom. All 3 units have freestanding, wood-burning fireplaces, electric range ovens and dishwashers. Each residence has separate utilities and parking spaces located off the alley. Quaint yards present space for enjoying the outdoors or for pets to run and play. Residence A is currently available and residences B + C are leased up to July 30 2023. Tenants pay gas + electric and are billed back for water, sewer and trash. Situated in a desirable downtown location near East Pearl District and Pearl Street mall, this property is brimming with potential.

Monthly Payment Calculator



© 2024 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 Sears Real Estate. Data last updated: 2024-04-23T19:43:31.53.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
www.searsrealestate.com/homes/139704881
Print Image

1925 Spruce St Boulder, CO 80302

  • Price: $1,150,000
  • Status: Closed
  • On Site: 340 Days
  • Updated: 151 min ago
  • MLS #: 988108
4
Beds
3
Baths
0
½ Baths
0.16
Acres
2,285
SQFT
$0
$/SQFT
1942
Built
Neighborhood:
Boulder O T East & West & North
County:
Boulder
Area:
01 Boulder City Limits
Elementary School:
Whittier
Middle School:
Casey
High School:
Boulder
School District:
Boulder Valley Dist Re2
Property Description
Perfectly positioned within Whittier, this property presents an ideal opportunity for rental income and investment. Comprised of three separate legal, nonconforming residences, this property offers upside possibilities for crafting a personalized vision in a coveted location. The first, front-facing residence A features two bedrooms complemented by a bathroom. Two attached, rear residences, B + C, each feature one bedroom and one bathroom. All 3 units have freestanding, wood-burning fireplaces, electric range ovens and dishwashers. Each residence has separate utilities and parking spaces located off the alley. Quaint yards present space for enjoying the outdoors or for pets to run and play. Residence A is currently available and residences B + C are leased up to July 30 2023. Tenants pay gas + electric and are billed back for water, sewer and trash. Situated in a desirable downtown location near East Pearl District and Pearl Street mall, this property is brimming with potential.
Exterior Features

Architectural Style Cottage/BungRanch Construction Materials Wood/Frame Exterior Features Lighting Fencing PartialFencedWood Horse YN No Lot Features CurbsGuttersSidewalksFire Hydrant Within 500 FeetLevel Other Parking Parking Per Unit(1 Space/Unit) Other Structures Storage Parking Features Alley Access Road Frontage Type City Street Road Surface Type PavedAsphalt Roof Composition Spa YN No Structure Type Legal Non-Conforming View Foothills View Waterfront YN No

Interior Features

Accessibility Features Level LotMain Floor BathMain Level Bedroom Appliances Gas Range/OvenDishwasherRefrigerator Basement None Cooling Room Air Conditioner Cooling YN Yes Fireplace Features Free Standing Fireplace YN Yes Heating Forced Air Heating YN Yes Interior Features Open Floorplan Living Area Source Assessor Unit1 Bedrooms 2 Unit1 Total Baths 1 Unit2 Bedrooms 1 Unit2 Total Baths 1 Unit3 Bedrooms 1 Unit3 Est Sq Ft 1545 Unit3 Total Baths 1 Window Features Window Coverings

Property Features

Association YN No Cap Rate 3.9 Ditches Active YN No Electric ElectricSeparate Meter ElectricityXcel Gas Natural GasSeparate Meter GasXcel Green Energy Efficient Southern Exposure Gross Income 59820 Has Improvements No Has Water Rights No Income Includes Lease/Rents Listing Sub Status None Listing Terms CashConventional Locale Boulder Net Operating Income 44962 New Construction YN No Operating Expense 14858 Possible Use Multi-Family Property Condition FixerNot NewPreviously Owned Property Sub Type Income Property Senior Community YN No Sewer City Sewer Special Listing Conditions Partnership Tax Annual Amount 6678 Tax Year 2022 Tenant Pays DepositGasElectricityWaterSewerTrash Collection Unit1 Rent 1960 Unit2 Rent 1480 Utilities Natural Gas AvailableElectricity Available Water Source City WaterDistrict WaterCity Of Boulder Zoning Res

Listing information © 2024 Information and Real Estate Services
Listing provided courtesy of John Mcelveen of milehimodern - Boulder: 3038761073.



© 2024 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 Sears Real Estate. Data last updated: 2024-04-23T19:43:31.53.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
 
https://bt-photos.global.ssl.fastly.net/ires/1280_boomver_1_1290863-2.jpg https://bt-photos.global.ssl.fastly.net/ires/1280_boomver_1_1290863-2.jpg https://bt-photos.global.ssl.fastly.net/ires/1280_boomver_1_1290863-2.jpg
Logo
Sears Real Estate
2021 Clubhouse Dr. Suite 100
Greeley CO, 80634