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350 Arapahoe Ave, Boulder, CO 80302 (MLS # 1026862)

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Prime Investment Opportunity in the Heart of Boulder. Discover an exceptional opportunity at a competitive price point, perfectly suited for investors, second-home buyers, or student housing. This versatile residence blends affordability with the sought-after Boulder lifestyle.Backing to serene open space, the home offers a peaceful setting with two dedicated parking spaces. The unit boasts hardwood floors, a bright updated kitchen, and a cozy wood-burning fireplace.A unique land lease structure makes this property especially appealing for buyers seeking to maximize value. Short-term rentals (Airbnb) are allowed, presenting significant income potential and lifestyle flexibility.Key Details:Financing: Cash or Portfolio LoanLand Lease: Annual payment due each October. Appraised at $35,791.11 in 2024 and adjusted annually by CPI, with reappraisal every five years. Purchase option available after 2037.Tax Benefit Potential: Lease may qualify as "redeemable ground rent." Buyer is solely responsible for consulting with their accountant in this matter.HOA Dues Include: Water, trash, heating, exterior maintenance, and hazard insurance (electric/gas billed separately).Seize this rare chance to invest in Boulder's vibrant market while enjoying both value and versatility.

DAYS ON MARKET 1 LAST UPDATED 2/21/2025
TRACT Flatirons YEAR BUILT 1975
COMMUNITY Boulder COUNTY Boulder
STATUS Active PROPERTY TYPE(S) Condo/Townhouse/Co-Op

SCHOOLS
School District Boulder Valley Dist RE2
Elementary School Flatirons
Jr. High School Manhattan
High School Boulder


ADDITIONAL DETAILS
AMENITIES Extra Storage
APPLIANCES Dryer, Refrigerator, Washer
AREA Boulder
BASEMENT Crawl Space, Yes
CONSTRUCTION Wood/Frame
GARAGE Off Street
HEAT Baseboard
HOA DUES 450| Monthly
LOT DESCRIPTION Abuts Public Open Space
STORIES 2
SUBDIVISION Flatirons
TAXES 725
UTILITIES Electricity Available
WATER City Water, City Of Boulder
ZONING RES
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listing provided by Paul Anselmo, Porchlight RE Group-Boulder
Last updated: 2/22/25 6:48 AM PST

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Information deemed reliable but not guaranteed by the MLS

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