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    OFF-MARKET
    Dormitories

    1138 Pleasant St, Boulder, CO 80302

    2,707 SF
    Property ID
    US13-0698638
    Property summary
    AI-generated overview

    This exceptional Boulder investment property, located at 1138 Pleasant St, 80302, offers a compelling opportunity in the vibrant University Hill neighborhood. The property consists of two buildings: a charming six-bedroom, two-bathroom main house with a welcoming front porch, and a separate two-bedroom, one-bathroom carriage house in the back. Boasting classic Boulder curb appeal and character, this Class B multifamily property totals 2,707 square feet and is ideally situated steps from the University of Colorado campus, the new Hill Hotel, and numerous restaurants and entertainment venues. Currently leased through the 2024-2025 school year at strong rates, generating a gross income of $171,000 and a projected net operating income (NOI) of $131,000. The asking price is $2,750,000, representing a 4.75% cap rate. The property is zoned MUH. This turnkey investment presents a rare chance to acquire a high-performing asset in a prime location with significant rental demand. Financial details are available upon request.

    Property profile
    Verified
    Property type Dormitories
    Total area 2,707 SF
    UPID US13-0698638
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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