Sold

1511 Broadway, Boulder, CO 80302

Sqft
3,582

View property features, location on map, relevant school information and overview from seller's agent.

Listed byRobinson Investment Co., Inc.
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Overview

Back on the market due to buyer financing - not due to any fault of the seller or the property. This rare investment opportunity on Boulder's coveted Hill has BT-2 zoning - allowing commercial or residential improvements. Currently used as a powerhouse residential rental, this multi-family property is listed well below its recent $3.46 million appraisal. An exceptional performer with 7.09 CAP rate and 13.09 GRM, the property has a flawless occupancy record and secured rental income through August 2026. The property is ideally positioned just a one block to CU Boulder and 5 blocks to Pearl Street, directly across from the brand new beautifully curated Limelight Hotel & Conference Center. Set on an expansive lot stretching from Broadway to the alley, the property offers unparalleled outdoor space and convenience with parking for 10+ vehicles. The exterior has been freshly painted, with new decking on the covered front porch and a flagstone patio perched above Broadway. A spacious rear patio and an upper-level balcony provide additional outdoor living options. Inside, the residence functions beautifully as a legal 4-plex yet lives like a grand single home. Currently configured as 12 bedrooms, 4 bathrooms, and 3 kitchens across three levels - each with its own kitchen - there's ample flexibility to tailor the layout to your vision. A substantial living room offers the potential for an additional bedroom or entertainment space. Recent updates include a new water heater (2024), two new washers and dryers in the shared laundry, and durable hard-surface flooring in common areas. Attractive BT-2 zoning which means there is the possibility for commercial development here. Bring you vision and take advantage of the solid residential investment or design a commercial property that will serve this booming area of the Hill for years to come.

Location

Full feature list

Basic info

Property type
Multi-family
Square feet
3,582
Lot size (acres)
0.16
Year built
1907

Interior features

Basement
Yes

Utilities

Heating
Hot water
Water
Public

Taxes

Tax Annual Amount (2024)
$10,311

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: REColorado MLS®#: IR1035830 Last checked:

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