1138 Pleasant St Boulder, CO 80302
- Dormitories
- 2,707 SF
Current Use by Public Records
- Dormitories
Property Details for 1138 Pleasant St
- Property size
- 2,707 SF
- Property type
- Dormitories
- Property subtype
- Student housing
Description
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.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Boulder
- County
- Boulder
- State
- Colorado
- Longitude
- -105.2777694
- Latitude
- 40.0092227
