350 Arapahoe AVE #6 Active Save Request In-Person Tour Request Virtual Tour
Boulder,CO 80302
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 851 sqft
Price per Sqft $276
Subdivision Arapahoe West Condos
MLS Listing ID IR1023681
Bedrooms 2
Half Baths 1
Three Quarter Bath 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 $711
Tax Year 2023
Property Description
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.
Location
State CO
County Boulder
Zoning RES
Rooms
Basement None
Interior
Interior Features Eat-in Kitchen,Open Floorplan,Vaulted Ceiling(s)
Heating Baseboard
Flooring Wood
Fireplaces Type Living Room
Fireplace N
Appliance Dishwasher,Oven,Refrigerator
Exterior
Exterior Feature Balcony
Fence Fenced,Partial
Utilities Available Cable Available,Electricity Available,Natural Gas Available
View Mountain(s)
Roof Type Composition
Total Parking Spaces 2
Building
Lot Description Open Space
Sewer Public Sewer
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,Conventional
Listing Terms Cash,Conventional
Pets Allowed Cats OK,Dogs OK