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1005 14Th St Boulder, CO 80302

For Sale
$23,000,000

Three properties on one parcel near CU campus.

Property size:
23,162 SF

Property Features for 1005 14Th St

General Information

Size
23,162 SF

Building Details

Year built
2018

Source: Luke Salazar Agent Luke Salazar

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Boulder Multifamily Investment Opportunity

The Block features three properties on a single parcel, offering a total of 63 bedrooms. Located on "The Hill" in Boulder, Colorado, just a block from the University of Colorado campus, the properties benefit from proximity to new retail, restaurant, hotel, and conference center developments. The location is considered highly desirable. One of the buildings, constructed in 2018, includes an underground parking garage with 35 spaces. Another property, featuring 20 beds, is master leased to a Greek organization through 2026 and is zoned for up to 36 occupants. This building also includes a fire sprinkler system, a newer roof, newer exterior paint, updated kitchens, updated plumbing and electrical systems, and a recently replaced boiler system, along with dorm-style baths with multiple stalls and showers. The third property is an 8-bed duplex with an additional carriage house. It features the cosmetics of a new build with newer systems including plumbing and electrical, plus a recently replaced boiler system. The interiors are fully renovated, including kitchens and baths with new granite countertops, cabinets, stainless steel appliances, lighting, and hardwood flooring throughout. The property has recently been brought up to code, including electrical, plumbing, and landscaping. A 400+ SF club house is located in the backyard for tenant use. The properties have a strong rental history with full pre-leasing for the upcoming school year. One of the buildings includes nine large condo-quality units, washer/dryers and wine coolers in units, and private balconies. The properties are fully preleased for the '24-'25 school year.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

The Block Apartment Building

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Boulder
County
Boulder
State
Colorado
Longitude
-105.2753723
Latitude
40.0056289

FAQs

What type of property is this?
Apartment building - Three properties on one parcel near CU campus.
Where is this apartment building located?
The property is located at 1005 14Th St Boulder, CO.
What is the asking price?
The asking price for this property is $23,000,000.
What are key features of this property?
This property features: - 100% pre-leased for the ‘24-’25 year, ensuring immediate rental income.; - Prime location on 'The Hill' in Boulder, one block from CU campus and new retail/restaurant developments.; - Proven rental history with 0% vacancy and strong rent growth (6% average increase for the past 15 years).
More about this property
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