1200 College Ave Unit 118, Boulder, CO 80302
- $790,000
- 3
- BD
- 2
- BA
- 992
- SqFt
Courtesy of Four Star Rlty & Prop Mgmt . 3034490064
- List Price
- $790,000
- Type
- Condo
- Property Sub Type
- Condominium
- Status
- ACTIVE
- MLS Number
- IR1068867
- Bedrooms
- 3
- Bathrooms
- 2
- Baths Half
- 1
- Sqft Total
- 992
- Year Built
- 1968
Property Description
Positioned in a prime Hill location, this townhouse-style condo in the desirable College Townhomes complex represents a premier investment opportunity in Boulder's most competitive student rental market. This turnkey property delivers immediate financial security, currently pre-leased through August 2, 2027, at an all in rate of $5,299 monthly, yielding an impressive 5.6% Cap Rate. The sophisticated layout optimizes rental appeal, featuring a main-level primary bedroom with direct access to a private balcony, a well-appointed kitchen with a functional bar-top, a comfortable living area, and a convenient guest half-bath. The kitchen and bathrooms were renovated in August 2026, adding move-in-ready appeal and long-term value for tenants and owners alike. The lower level offers two additional garden-level bedrooms joined by an adjoining bathroom, providing an ideal configuration for student residents. Beyond the unit, owners and tenants benefit from one assigned off-street parking space, on-site laundry facilities, and inviting community common areas including a sun deck and picnic tables designed for the Boulder lifestyle. With long-term income stability already locked in for over a year, this is a rare chance to acquire a great asset on The Hill. Please view the available virtual tour to fully experience the layout and setting of this compelling investment opportunity!
Additional Information
- Lot Size Acres
- 1.01
- Lot Size Sq Ft
- 43,814
- Tax Amount
- $3,877
- Exterior Features
- Balcony
- Water Source
- Public
- Basement Type
- None
- Heating
- Baseboard, Hot Water
- School District
- Boulder Valley RE 2
- Elementary School
- Flatirons
- Middle Or Junior School
- Manhattan
- High School
- Boulder
- Unit Number
- 118
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