$790,000

1200 College Ave 118, Boulder, CO 80302

3 beds |
2 baths |
992 sqft

Condominium
Built in 1968
1.01acre lot
—— car garage
$796/sqft
Listed 18 days ago

Property Description

Positioned in a prime Hill location, this townhouse-style condo in the desirable College Townhomes complex represents a premier investment opportunity in Boulder's most competitive student rental market. This turnkey property delivers immediate financial security, currently pre-leased through August 2, 2027, at an all in rate of $5,299 monthly, yielding an impressive 5.6% Cap Rate. The sophisticated layout optimizes rental appeal, featuring a main-level primary bedroom with direct access to a private balcony, a well-appointed kitchen with a functional bar-top, a comfortable living area, and a convenient guest half-bath. The kitchen and bathrooms were renovated in August 2026, adding move-in-ready appeal and long-term value for tenants and owners alike. The lower level offers two additional garden-level bedrooms joined by an adjoining bathroom, providing an ideal configuration for student residents. Beyond the unit, owners and tenants benefit from one assigned off-street parking space, on-site laundry facilities, and inviting community common areas including a sun deck and picnic tables designed for the Boulder lifestyle. With long-term income stability already locked in for over a year, this is a rare chance to acquire a great asset on The Hill. Please view the available virtual tour to fully experience the layout and setting of this compelling investment opportunity!

Listing Status:: Active
Data Last Updated:: October 5, 2026 at 7:21AM
Listing Office:: Four Star Rlty & Prop Mgmt : 3034490064
Listing Agent:: P Caldwell Sullivan : 7202738957
Contact:: 3034490064
MLS ID:: 1068867

Appliances: Electric RangeDishwasherRefrigerator
Basement: None
Heating: Hot WaterBaseboard

General: Balcony
Parking: None

Roofing: MetalRubber
General: BrickBi-LevelTwo

Road/Access: City Street
HOA Amenities: Community LaundryCommon AmenitiesTrashSnow RemovalManagementUtilitiesExterior Maintenance400.0Monthly
Originating MLS: ires
School District: Boulder Valley Dist RE2
County: Boulder

Zoning: RH-5R0103384

Utilities: Natural Gas AvailableElectricity AvailableXcel
Water: City

Source: ires
Exclusions: Tenants personal belongings

This listing courtesy of P Caldwell Sullivan , Four Star Rlty & Prop Mgmt

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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