Homes for sale - 350 Arapahoe AVE #6, Boulder, CO 80302

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Seth Williams

LoKation Realty

seth@castlecoach.com +1(303) 994-9799

$ 235,000

Est. payment | -/mo

2 Beds

2 Baths

851 SqFt

Save

$ 235,000

Est. payment | -/mo

Save

2 Beds

2 Baths

851 SqFt

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

Listed by milehimodern - Boulder • 7203238460

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(303) 994-9799

seth@castlecoach.com

7200 S. Alton Way STE B-200, CENTENNIAL, Colorado, 80112, USA

350 Arapahoe AVE #6 Boulder, CO 80302