Closed

2002 Baseline Road, Boulder, CO, 80302

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Listing Provided Courtesy of Compass – Denver

2002 Baseline Road, Boulder, CO, 80302

7 Beds
3 Baths
2,837 SqFt
0.16 Acres

Listing Id

REC4376866
$1,500,000

Introducing 2002 Baseline – an exceptional income property opportunity ideally situated just one block off campus, offering convenience and comfort for university students. All are leased through July 2024, with most leased through July 2025, providing a stable and lucrative rental income. THE CURRENT CAP RATE IS 5.6%! The seller has made significant investments to enhance the property’s appeal, including a forthcoming balcony off the second floor and a new deck complete with a spiral staircase, offering a perfect setting for relaxation and enjoyment, not to mention outstanding views of the Flatirons. Further upgrades include a new 50-gallon water heater, a new refrigerator, a new roof with Class 4 shingles, and new gutters, ensuring modern comfort and efficiency for the tenants and the property. A new egress window was added in the basement bedroom, new insulation in the attic, and some new windows further enhance the property’s overall value. This income property presents an incredible opportunity for investors seeking a turnkey investment with a proven track record of rental success. Don’t miss out on owning this prime income-generating property that offers current stability and future potential.

Property Details
Price:
$1,549,000 / $1,500,000
MLS #:
REC4376866
Status:
Closed ((May 10, 2024))
Beds:
7
Baths:
3
Address:
2002 Baseline Road
Type:
Single Family Residence
Structure:
House
Subdivision:
Interurban Park
City:
Boulder
State:
CO
Finished Sq Ft:
2,837
Total Sq Ft:
2,837
ZIP:
80302
Lot Size:
6,802 sqft / 0.16 acres (approx)
Year Built:
1950
Interior
Appliances
Dishwasher, Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Washer
Bathrooms
2 Full Bathrooms, 1 Three Quarter Bathroom
Cooling
Central Air
Fireplaces Total
1
Flooring
Wood
Heating
Forced Air
Exterior
Construction Materials
Block, Frame, Stucco
Exterior Features
Balcony, Fire Pit, Private Yard, Rain Gutters
Parking Spots
9
Roof
Composition
Schools
School District:
Boulder Valley RE 2
Elementary School:
Creekside
Middle School:
Manhattan
High School:
Boulder
Financial
Buyer Agent Compensation
2.8%
Tax Year
2023
Taxes
$6,444

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2002 Baseline Road
Boulder, CO