$2,700,000

1241 Balsam Ave, Boulder, CO 80304

  • 8 beds |
  • 6 baths |
  • 4,524 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1965
  • Property Lot Size Icon9,148sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $597/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

A rare chance to own a versatile income property in one of Boulder's most sought-after locations. This 6-unit building offers incredible flexibility for investors and developers, with multiple pathways to create immediate and long-term value. As it stands, the property provides stable income with rental numbers reflecting current rates and projected income is based on neighboring comparables. With a remodel, the upside is significant-endless potential to elevate rents, modernize units, or condominiumize and re-imagine the entire asset.Looking for an even greater opportunity? This property may also be purchased together with the adjacent lot at 1265-1267 Balsam Ave (see MLS #1022987), opening the door to expanded development options or a larger income-producing footprint.Whether your vision is to rent, renovate, redevelop, or live in, the possibilities are truly limitless. A Boulder investment like this does not come around often-don't miss your chance to own in the center of it all. Listing agent is owner of the property and is a licensed agent in the state of Colorado.

Listing Status:
Active
Listing Office:
The Agency - Boulder : 7204435568
Listing Agent:
Jay Hebb : 7205775503
MLS ID:
1048020
  • Appliances: Electric RangeRefrigeratorWasherDryer
  • Basement: None
  • Heating: Hot Water
  • Parking: Parking spaces: 8
  • Roofing: Composition
  • General: BrickFive Or More
  • Road/Access: City Street
  • Originating MLS: ires
  • School District: Boulder Valley Dist RE2
  • County: Boulder
  • Zoning: RESR0007655
  • View: Hills
  • Utilities: Master Meter-GasSeparate Meter Electricity
  • Water: City
  • Source: ires

This listing courtesy of Jay Hebb, The Agency - Boulder

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

C

Columbine Elementary School

3130 Repplier St, Boulder, CO, 80304

Grades PK-5

0.73 miles away

C

Casey Middle School

1301 High St, Boulder, CO, 80304

Grades 6-8

0.27 miles away

B

Boulder High School

1604 Arapahoe Ave, Boulder, CO, 80302

Grades 9-12

1.00 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.