315 Canyon Blvd, Boulder, CO 80302

Property Description

Prime investment, owner occupant, or development opportunity. Located at 315 Canyon Boulevard in west Downtown Boulder, this property features 2 separate duplexes, 4-total-units, with 11-total-bedrooms and 6-total-bathrooms! The south building is a mostly brick exterior structure featuring one 2-bedroom and 1-bathroom unit and one 3-bedroom and 1-bathroom unit. The north building was built in 1988 and contains two 3-bedroom, 2-bathroom units that also have an upper-level deck with fantastic views of the flatirons. All the units have nice layouts, yard space, and are separately metered for gas and electric. The 3-bedroom units in the north building are townhouse style, all 3-bedrooms are located upstairs where they share a full-bathroom on the upper level. The lower level has a second bathroom, kitchen, living room and utility room. There is also a separate laundry room in the south building and off-street parking in the back of the property. Buy and rent as an investor with a proforma 5.92% CAP Rate or you could live in one of the units and rent the others. Or collect income until you are ready to develop this lot. The property is only about a five-minute drive or ten-minute bike ride to the University of Colorado, and is walking distance to all the shops, restaurants, and breweries in downtown Boulder and along the Pearl Street Mall. The property is also across the street from Fine Park and Boulder Creek. Rare investment opportunity with two duplexes on one lot! Please reach out to the listing agent for the offering memorandum with financial information or to schedule a showing, Patrick Rampi with Modus Real Estate: 720-935-2184.