350 Arapahoe AVE ##10 Open House Save Request In-Person Tour Request Virtual Tour
Boulder,CO 80302
OPEN HOUSE
Sat Feb 22, 12:00pm - 2:00pm Sun Feb 23, 12:00pm - 2:00pm
Key Details
Property Type Townhouse
Sub Type Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 851 sqft
Price per Sqft $141
Subdivision Flatirons
MLS Listing ID IR1026862
Bedrooms 2
Full Baths 1
Condo Fees $450
HOA Fees $450/mo
HOA Y/N Yes
Abv Grd Liv Area 851
Originating Board recolorado
Year Built 1975
Annual Tax Amount $725
Tax Year 2023
Property Sub-Type Townhouse
Property Description
Prime Investment Opportunity in the Heart of Boulder. Discover an exceptional opportunity at a competitive price point, perfectly suited for investors, second-home buyers, or student housing. This versatile residence blends affordability with the sought-after Boulder lifestyle.Backing to serene open space, the home offers a peaceful setting with two dedicated parking spaces. The unit boasts hardwood floors, a bright updated kitchen, and a cozy wood-burning fireplace.A unique land lease structure makes this property especially appealing for buyers seeking to maximize value. Short-term rentals (Airbnb) are allowed, presenting significant income potential and lifestyle flexibility.Key Details:Financing: Cash or Portfolio LoanLand Lease: Annual payment due each October. Appraised at $35,791.11 in 2024 and adjusted annually by CPI, with reappraisal every five years. Purchase option available after 2037.Tax Benefit Potential: Lease may qualify as "redeemable ground rent." Buyer is solely responsible for consulting with their accountant in this matter.HOA Dues Include: Water, trash, heating, exterior maintenance, and hazard insurance (electric/gas billed separately).Seize this rare chance to invest in Boulder's vibrant market while enjoying both value and versatility.
Location
State CO
County Boulder
Zoning RES
Rooms
Basement Crawl Space
Interior
Heating Baseboard
Fireplace N
Appliance Dryer,Refrigerator,Washer
Exterior
Utilities Available Electricity Available
Roof Type Composition
Total Parking Spaces 2
Building
Lot Description Open Space
Water Public
Level or Stories Two
Structure Type Wood Frame
Schools
Elementary Schools Flatirons
Middle Schools Manhattan
High Schools Boulder
School District Boulder Valley Re 2
Others
Ownership Individual
Acceptable Financing Cash
Listing Terms Cash
Virtual Tour https://listings.inhousephotos.com/sites/opzpevk/unbranded