CHRIS RATAY
Realtor

RE/MAX

Alliance


(303) 449-1172

 

CU's Best Opportunity
Is Now Available To You:

903 18th St - #202, Boulder
$458,000.00

Great Investment on the Hill!

Investment Data

ATTENTION Investors and CU Parents/Students:

location, Location, LOCATION! Only one block from CU campus. This unique setup is not only a great opportunity, but guarantees to be a great investment.

From Broadway, walk one block west on 18th Street. Enter the unit and see the opportunity! There are 4 large bedrooms, each with their own private full bath, and a locking door for privacy and security. Use the computer/desk alcove in your room to do your school-work or work on projects. Four friends or four strangers can live with as much privacy as they want.

Open kitchen, laundry, big living room, lots of light, laundry in unit, and flatiron views are just a few of the great features. There are also 2 reserved spaces in the underground garage, 1 additional off-street reserved space, and a large storage closet.

On the hill, easy access to parks, shopping, bike paths and more! Easy to rent. Quick possession!

Hurry, this type of opportunity doesn't come along often!

Investors: Always rented! Prior owner had 12 years, and never vacant. Current leases end Aug 2008. Area prices sell from $115K-$145K per bedroom and rent from $550 upto $700/month. Asking $114,500/room with lease @ $700 x 4 = $2800. This is a deal!

PURCHASE PRICE    
458,000
 
New Loan
366,400
Down Payment 20%
91,600
 
INCOME
Monthly Rents * 2,800
Utility Reimbursement (fall 08) 140
Seller Credit (100 x 2yrs) 100
Total
3,040
 
EXPENSES
Property Taxes 184
HOA fee 394
Total
578
 
Net Operating Income
2,462
 
Mortgage payment @ 5.50%, 30-yr fixed**
2,081
 
Monthly Cash Flow (positive)
   
381

*Rents are going up and income could be adjusted accordingly.

**Interest rates are provided for reference only - Check with your lender about current rates. Also, check with your accountant about depreciation and other tax benefits.

Click Map for Directions


 

Condo Features:

  • LOCATION!
  • Great Floorplan
  • 1,333 Square Feet
  • All Appliances Included
  • Garage, Parking, + Storage
  • New Roof (no assesment req'd)
  • Quiet Street

 

 

Inside Features:

  • 4 Large "pods" (bedrooms), each with private bath and desk area.
  • Privacy
  • Open Kitchen
  • Laundry in Unit
  • Large Closets
  • Low Maintenance

 

 

Outside Features:

  • Private Deck
  • Views
  • Manicured Yard
  • Mature Trees
  • Solid, 1987 Construction

 

 

Location, Location, Location...

  • On the hill, 1 block from campus
  • Student enrollment is projected to increase dramatically.
  • Close to Pearl Street, Shopping, Highways, Trails, and Parks
  • Easy Commute to Airport, Denver, and Mountains.

 

 













 


CHRIS RATAY
(303) 449-1172

RE/MAX Alliance Boulder
4770 Baseline Rd, #200
Boulder, CO 80303
cell: (303) 241-6181
fax: (303) 465-6185

www.RatayRealty.com

To set up a private showing or to discuss your other real estate needs,
contact me directly at
(303) 449-1172 or web@RatayRealty.com

 
 
copyright, RatayRealty.com 2006