Active
350 Arapahoe Avenue Unit: 6
Boulder CO, 80302
$235,000
$276.15 per sqft
Active
2 Beds
2 Baths
851 sqft
Multi-family
Built in 1975
Discover an exceptional investment opportunity at a competitive price point in the heart of Boulder. Ideal for a variety of uses - including an investment property, second homes or student housing - this residence marries affordability with the coveted Boulder lifestyle. The home offers two parking spaces, backs to serene open space, offering a tranquil setting paired with modern amenities. Hardwood floors grace the main level, which features a remodeled kitchen with sleek Corian counters, a cozy wood-burning fireplace and a convenient powder room. Upstairs, the primary bedroom boasts a private balcony overlooking open space, while a beautifully remodeled bathroom with a skylight adds charm. A finished attic with built-in shelves and another skylight provides versatile storage or creative space. This property's affordability is due to a land lease making it ideal for buyers seeking to maximize value. With Airbnb allowed, this condo offers incredible income potential and lifestyle flexibility. Financing Options: Cash or portfolio loan.The property is situated on leased land, with annual payments due each October. The owner has the option to purchase the land at its appraised value after 2037. The lease may qualify as "redeemable ground rent" for tax deduction purposes; please consult your accountant for guidance.In 2024, the land was appraised adjusting the lease to $35,791.11. The lease amount adjusts annually based on the Consumer Price Index (CPI) and is reappraised every five years.At closing, the prorated portion of the lease payment will be credited to the seller and debited to the buyer. HOA dues include water, trash, heating, exterior maintenance, and hazard insurance. Electric and gas are billed separately.
IR1023681
MLSⓇ ID
December 27, 2024
Listed
January 17, 2025
Updated
Map
350 Arapahoe Avenue Unit: 6
Boulder CO, 80302
Interior Features
Total Stories
2
Bedrooms
2
Total Bathrooms
2
Half Bathrooms
1
Three-Quarter Bathrooms
1
Interior Features
Eat-in Kitchen, Open Floorplan, Vaulted Ceiling(s)
Appliances
Dishwasher, Oven, Refrigerator
Floor Description
Wood
Fireplace
Yes
Fireplace Description
Living Room
Cooling
No
Heating
Yes
Heating Description
Baseboard
Exterior/Building Features
Exterior Features
Balcony
Lot Features
Open Space
Roof
Composition
Sewer
Public Sewer
School Information
School District
Boulder Valley RE 2
High School
Boulder
Elementary School
Flatirons
Other Property Details
Taxes
$711
Tax Frequency
Annually
Association Fee
$450
Association Fee Frequency
Monthly
Association Amenities
Trail(s)
Garage
No
Parking Total
2
View
Yes
View Description
Mountain(s)
County
Boulder
Water Source
Public
Pool
No
Zoning
RES
Listing History
Date | Event | Price |
|---|---|---|
12/27/2024 | Active | — |
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Data last updated 3:03 PM UTC, 1/17/2025
