1820 Alpine Ave Boulder, CO 80304
- Commercial real estate
- 0.69 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1820 Alpine Ave
- Year built
- 1959
- Lot size
- 0.69 lot acres
- Property type
- Commercial real estate
Description
This 12-unit apartment community in Boulder, Colorado, presents a compelling investment opportunity. Situated on a 0.69-acre lot, the property comprises three renovated buildings totaling 8,304 square feet of net rentable space. Built in 1959, the complex boasts a mix of one- and two-bedroom units, each featuring a private patio or balcony. Recent renovations include new kitchens and bathrooms with stainless steel appliances and high-end finishes, updated windows and doors, hard surface flooring throughout, and a new roof and parking lot. Eight units include in-unit laundry, and each unit offers private storage. The property features secured entry with keypad access and a fire suppression system. Individual gas and electric meters are in place, with tenants responsible for those utilities. Water meters are installed per building. The exterior is low-maintenance brick, and the landscaping is xeriscaped. Fifteen off-street parking spaces are available. The convenient location places residents within walking distance of Pearl Street, Ideal Market, and numerous shops and restaurants. This well-maintained property offers a strong return on investment in a highly desirable rental market. Five units are currently furnished, providing additional income potential from short-term rentals.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Boulder
- County
- Boulder
- State
- Colorado
- Longitude
- -105.27321817645
- Latitude
- 40.025518139405
