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1027 14th Street, Boulder, CO 80302 ( Sold on )

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 $20,500,000

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  • 0 BedBeds
  • BathBaths
  • 23,162 SqftSqft
  • TypeCommercial Sale
  • Active
  • MLS# 3489912

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Property Description

The Block, located on The Hill in Boulder, CO, is a strategic investment in one of the nations most lucrative multifamily investment markets. Its location is the most desirable on the hill just a block from the CU campus and brand-new retail, restaurant, hotel, and conference center developments. This offering presents investors with a rare and compelling opportunity to capitalize on the robust and ever-growing demand for student housing in a niche market with a very limited housing supply. The Block comprises 3 properties on 1 parcel, each with its own unique appeal, totaling 63 bedrooms. 1005 14th, a new construction building from 2018, boasts an underground parking garage. 1019 14th, a 20-bed property, features a Greek organization master lease. 1027 14th is an 8-bed duplex with an additional carriage house. These properties have a strong rental history, with 0% vacancy, pre-leasing well in advance, and are already 100% pre-leased for the 26-27 year. Boulder has seen average rent increases of over 6% for the past 15 years, underscoring the potential profitability of this investment. The city is renowned for its natural beauty, thriving tech scene, and prestigious educational institutions, including the University of Colorado. Please reach out to Luke Salazar at 303-962-9534, LSalazar@PinnacleREA.com with any questions.

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Property Details - 1027 14th Street, Boulder, CO 80302

General

  • Property Type: Commercial
  • Property Sub Type: Multi Family
  • List Date: 01/30/2025
  • Year Built: 1946
  • County: Boulder
  • Annual Tax Amount: $114,160.00
  • Tax Year: 2023

Exterior Features

  • Garage Spaces: 35.00

Size & Lot

  • Total Sq.Ft: 23,162
  • Acres: 0.57
  • Lot Size Sq.Ft.: 24,900

Utilities

  • Sewer: Public Sewer

Estimated Monthly Mortgage Calculator

This calculator is provided for informational purposes. You should not make any decisions based simply on the information provided. Values indicated are estimates and may not be accurate and are only to be used as a guide. This calculator should not be relied upon in any way as the sole source of information. Please consult your financial, tax or legal advisers for an accurate assessment of your mortgage payments and any advice relating to your personal circumstances.

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