About the property
Estate liquidation. Burgess Group, Compass is proud to present 1056 11th St, a recently renovated duplex, 9 bedroom (with 8 rentable bedrooms) asset in the heart of University Hill in Boulder, CO.
Consistently rented to sororities for top-dollar with steady annual increases, this extremely well-maintained property has outstanding cash flow with a projected cap rate of 5.6 on a NOI of $146,000, with room for additional parking income, improvements, and rent increases.
Just 3 blocks from CU campus and The Hill business district, this property has an ideal location and features a light, bright interior, vinyl plank flooring, new sewer line, a 2015 class 4 roof, 6 ft steel locking security fencing, Jellyfish LED exterior lights, and electric baseboard backup heat in each room.
Over 40k worth of improvements done by the owner in the past two years.
*Unit 1056 is already leased for 2023-2024 for $153,600.
More About This Home
Living a 5-Star Lifestyle
This townhome is perfectly designed for luxurious convenience. Parkway Circle / Vantage Pointe appears on the Boulevard as a radiant hotel. And rest assured, your lifestyle at Parkway Circle will be nothing short of 5-star. A colorful stucco and stone exterior adorns your three-story townhome.
The interior of your new home has recently seen over $80K in renovations. A Spanish-style influence fits seamlessly into the arid and mountainous farmland that covers Broomfield.
13494 Via Varra is perfectly situated off HWY 36. It's perfectly convenient to neighboring cities. You’re only 10 minutes from both Denver and Boulder. Your new Broomfield neighborhood is inviting, and highly walkable. It’s only an 8-minute walk down Via Varra to your neighborhood Starbucks and fantastic eateries (wood-fired pizza, anyone?!)
Never discount the importance of a healthy lifestyle. Your new townhome grants you 24-hour access to a fully equipped gym.
Parkway Circle borders abundant greenspaces. It’s only a 7-minute bike ride to trails that will weave you through meadows, creeks, lakes, and farmland. Rocky Mountain Views are plentiful. The Parkway Circle HOA even recently added a new pedestrian loop around the neighborhood, which is great for leisurely dog walks.
1394 Via Varra is a corner unit. You’ll enjoy plenty of privacy and quiet. And yet, the amenities are a short walk from your doorstep. The clubhouse and pool are right next to your new home. Spend your summer lounging by the sparkling pool sipping lemonade. Enjoy the double-sided fireplace anytime you’d like. The community amenities are great for entertaining. The clubhouse has a pool table, TVs, refreshments, and comfortable couches and desks. A remote worker could easily utilize the clubhouse as a co-working community.
These types of spaces give you the opportunity to build rich relationships with your neighbors. The HOA encourages friendships and socializing. Frequent community events are thrown, including a weekly Taco Truck Tuesday.
Come On In!
Functional and beautiful upgrades have been made to this home over the past three years. Your attached 2-car garage has been recently renovated with full epoxy flooring, guaranteed to last a lifetime (there's a warranty to back it up!).
Newly renovated stairs include wood-and-laminate flooring. A glass wall creates a stunning open concept on the top-level landing.
The upstairs bedrooms have all been outfitted with brand new carpet and ceiling fans. The primary bedroom, located on the third floor, contains gleaming laminate flooring.
Creative storage solutions have been implemented throughout the home. A pull-out pantry is installed in the kitchen.
The kitchen is dripping with amenities. Brand new Bosche appliances are fitted seamlessly into posh Corian countertops. Your new kitchen is light and airy. Trendy white countertops soak in the sunlight.
When cooking, eating, and drinking, you’ll always enjoy the purest water. An advanced filtration system has been installed into the kitchen sink. Stylish glass pendant light fixture shines down on your kitchen prep space. An extended island inspires great conversations while chopping vegetables or sipping tea.
Do you work from home? Or simply know the benefits of having a designated productive space in the home? Sliding barn doors lead from the kitchen to a private office space.
On move-in day, you’ll be able to celebrate your new home by cheers-ing something fizzy on your new balcony, conveniently located just off the kitchen.
Special Features and Amenities
3 ½ Baths
2,077 square feet (per Appraisal)
HOA @ $243.52/month
Tri-level Residential Townhouse
2-car attached garage
3 bedrooms on the upper level
1 bedroom on the lower level
Separate study with barn doors on Main level
Newly installed attic fan to keep cool in the summers
New epoxy flooring in the garage with a lifetime warranty
New laminate wood flooring and new carpet
Pull out pantry
Easy access to highways
Walking distance to Starbucks and Eateries
Corner lot - end unit
Community Hot tub
Community Outdoor Fireplace
Clubhouse with pool table, TVs, and refreshments
Community Fully outfitted gym
Beaded Chandelier in stairwell is ‘Included’ with home
Hanging Nest chairs in living area & custom primary bedroom Headboard are ‘Excluded’
Special Features & Amenities
Newly refinished wood floors in the living, dining, hall, bedroom, and closets on the first floor
Interior of home freshly painted throughout
Exterior stucco finish freshly slip-coated and entire surface painted
HardieBoard-type siding installed (2021)
Custom designed backyard gardens, patio, walkway with plum and peach trees plus continuous planting over the years has now matured into a beautiful, relaxing yard enclosed by 7’/6’ cedar privacy fence
New carpet on the upper level, stairs, and 1st-floor study
New sewer line installed from house to mainline at the street
Rheem water heater (2021); Furnace (~2005); Refrigerator (May 2022);
- Dishwasher (2020); Clothes Washer (May 2022); Clothes Dryer (2021)
Kitchen range location equipped to accommodate a down-draft range
Custom wainscoting in living-dining area
Special Features and Amenities
- .25 Acres - 2-story - 3,376 SF
- 4 Bedrooms - 4 Bathrooms
- 2 -Car Garage & Keypad Entry On Garage Frame & 1-Remote
- Wood Floors - Cathedral / Vaulted Ceilings
- Miele Cooktop & Double Ovens (One Oven Uses Steam Technology)
- Full Size and 2nd Prep Sink In Kitchen
- Roof Replaced 2020
- Efficient Runtal Radiators & Hot Water Baseboards
- Energy-Efficient Led Throughout The Home
- 5-Zone Furnace Heating System
- Tesla Charger (Electrical Wired For Future 2nd Charger)
- Rachio Lawn Sprinkler & 3 Raised Garden Beds With Drip System (App Controlled)
- Built-In Radon System
- Primary ¾ Bath with 2-sinks
- Security Systems & Ring Cam Controlled by Cell Phone
- Popcorn Machine in Basement
- Upper Level Loft Bookcase
- All Garage Storage Units
- 4-Carbon Monoxide Detectors
- Smart Home Features Throughout
- 8-person Bullfrog Hot Tub Included
- 3-Exterior Sheds
- Standalone Herb Greenhouse
- Play Structure
- Built-in Outdoor Sonos Wireless Speakers & System - Create A Mood!
- 3-Zoned Watertight Louvered Pergola With Built In Led Lighting & Fans
- 2-Tap Kegerator
- Grill With Rotisserie & Smoker Functions
- Beverage Refrigerator
- Backyard Trash / Recycling
- Sink With Hot Water
- Wired With 240v Electricity For An Electric Home Brewery Setup
Features and Amenities
|2 Spaces/Unit Parking Per Unit|
Tenant / Owner
|Tenant Pays||Deposit, Gas, Electric, Water, Sewer, Trash|
|Water/Sewer||City Water, City Sewer|
|Utilities||Natural Gas, Electric, Cable TV Available, Master Meter-Electric, Master Meter-Gas, High Speed Avail|
|Location Description||Level Lot, Sloping Lot, Outbuildings, House/Lot Faces W, Within City Limits|
|Inclusions||Window Coverings, Electric Range/Oven, Dishwasher, Refrigerator, Clothes Washer, Clothes Dryer, Microwave, Disposal, Smoke Alarm(s)|
|Possible Usage||Single Family, Multi Family|
|Disabled Accessibility||Level Lot, Level Drive, Near Bus|
|Energy Features||Double Pane Windows|
|School District||Boulder Valley Dist RE2|
|Construction||Wood/Frame, Brick/Brick Veneer, Stucco|
|Heating||Radiator, 2 or more Heat Sources|
|Potential Rental Income||$153,600|
|Less Vacancy Rate||0%|
|Effective Rental Income||$153,600|
|Gross Operating Income||$161,600|
|Common Area Maintenance|
|Total Operating Expenses||$15,360|
|Net Operating Income||$146,240|
|Gross Rent Mult||16.09|