1200 College Avenue #118, Boulder, CO 80302 (MLS # IR1054785)

Price $790,000
Status Active
Beds 3
Baths 2 Baths
Home size 992 sqft
Lot Size n/a
Days on Market 2
Positioned in a prime Hill location, this townhouse-style condo in the desirable College Townhomes complex represents a premier investment opportunity in Boulder's most competitive student rental market. This turnkey property delivers immediate financial security, currently pre-leased through August 2, 2027, at an all in rate of $5,299 monthly, yielding an impressive 5.6% Cap Rate. The sophisticated layout optimizes rental appeal, featuring a main-level primary bedroom with direct access to a private balcony, a well-appointed kitchen with a functional bar-top, a comfortable living area, and a convenient guest half-bath. The lower level offers two additional garden-level bedrooms joined by a Jack-and-Jill bathroom, providing an ideal configuration for student residents. Beyond the unit, owners and tenants benefit from one assigned off-street parking space, on-site laundry facilities, and inviting community common areas including a sun deck and picnic tables designed for the Boulder lifestyle. With long-term income stability already locked in for over a year, this is a rare chance to acquire a great asset on The Hill. Please view the available virtual tour to fully experience the layout and setting of this compelling investment opportunity
Property Type(s): Condo/Townhouse/Co-Op
Last Updated 3/26/2026 Tract College Twnhs Condos
Year Built 1968 County Boulder

SCHOOLS

Elementary School Flatirons
Jr. High School Manhattan
High School Boulder

Additional Details

AMENITIES Maintenance Structure, Snow Removal, Trash
APPLIANCES Dishwasher, Oven, Refrigerator
BASEMENT Full, Yes
CONSTRUCTION Brick
EXTERIOR Balcony
HEAT Baseboard, Hot Water
HOA DUES 400|Monthly
INTERIOR Eat-in Kitchen
LOT DESCRIPTION Corner Lot
STORIES 2
SUBDIVISION College Twnhs Condos
TAXES 3877
UTILITIES Electricity Available, Natural Gas Available
WATER Public

Location

 

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Listing provided by P Caldwell Sullivan, Four Star Rlty & Prop Mgmt
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