BOULDER > CENTRAL BOULDER > ARAPAHOE WEST > MLS #: 1023681

MLS: 1023681     $205,000
2 Bedrooms with 2 Baths

350 ARAPAHOE AVE 6 BOULDER CO 80302
BOULDER CO 80302

MLS:  1023681
Status:  ACTIVE
List Price:  $205,000
Price per SQFT:  $241
Square Footage:  851

2 Bedrooms
2 Baths
Year Built:  1975
Zip Code:  80302

 

Listing Remarks

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 enhanced by a land lease making it an excellent option for buyers looking to maximize value. With Airbnb allowed, it offers exceptional income potential and lifestyle flexibility. It's also a great option for CU students facing limited housing availability. Financing options are cash or portfolio loan only. The property is situated on leased land with annual lease payments due each October. The lease amount adjusts annually based on the Consumer Price Index (CPI) and is reassessed every five years upon reappraisal. The October 2024 lease payment was $35,791.11. At closing, the prorated portion of this payment will be credited to the seller and debited to the buyer. The lease payment may qualify as "redeemable ground rent" for tax deduction purposes; buyers are encouraged to consult their accountant for guidance. HOA dues include water, trash, heating, exterior maintenance, and hazard insurance. Electric and gas are billed separately.

Address: 350 ARAPAHOE AVE 6 BOULDER CO 80302 BOULDER CO 80302

Listing Courtesy of milehimodern - Boulder 303-876-1073

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Listing Details

STATUS:	Active
SPECIAL LISTING CONDITIONS:	Private Owner
LISTING CONTRACT DATE:	2024-12-23
BEDROOMS:	2
BATHROOMS FULL:	0
BATHROOMS THREE QUARTER:	1
BATHROOMS HALF:	1
LIVING AREA SQ FT:	851
BUILDING AREA TOTAL:	851
YEAR BUILT:	1975
TAXES:	$711
HOA FEES FREQUENCY:	Monthly
HOA FEES:	$520
HOA INCLUDES:	Common Amenities, Trash, Snow Removal, Management, Utilities, Maintenance Structure, Water/Sewer
APPLIANCES INCLUDED:	Electric Range/Oven, Dishwasher, Refrigerator
CONSTRUCTION:	Wood/Frame
COMMUNITY FEATURES:	Hiking/Biking Trails
EXTERIOR FEATURES:	Balcony, Land Lease
FIREPLACE:	Living Room
FLOORING:	Wood Floors
HEATING:	Baseboard
INTERIOR FEATURES:	Eat-in Kitchen, Cathedral/Vaulted Ceilings, Open Floorplan
LAUNDRY FEATURES:	Main Level
LOT FEATURES:	Abuts Public Open Space
# GARAGE SPACES:	2
PROPERTY TYPE:	Attached Dwelling
PROPERTY SUB TYPE:	Attached Dwelling
ROOF:	Composition
DIRECTION FACES:	North
VIEW:	Foothills View
LISTING AGENT:	TERRI GRAY
LISTING OFFICE:	MILEHIMODERN - BOULDER

Property Location: 350 ARAPAHOE AVE 6 BOULDER CO 80302 BOULDER CO 80302

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