10th Street Aerial Reduced

Student Rental Investments

6 Homes
4 Duplexes
2 Triplexes
14 Units
52 Bedrooms
36 Parking Spaces
8 Blocks to CU Boulder
$1600/mo Avg Rent Per Room
$853,092 Net Operating Income

Sold separately or in any combination

1100 10th St. - Duplex

$2,925,000
3,779 Sq Ft
3 Levels
#A Main & Upper, 4 Bd/2 Ba
#B Basement, 4 Bd/1 Ba
$144,189 NOI
Lot Size 6,069

1110 10th St. - Duplex

$2,600,000 - UNDER CONTRACT
3,156 Sq Ft
3 Levels
#A Main & Basement, 4 Bd/2 Ba
#B Upper Floor, 4 Bd/1 Ba
$127,072 NOI
Lot Size 6,414

1120 10th St. - Duplex

$3,250,000
5,062 Sq Ft
Front & Back Duplex
#A Front, 4 Bd/2 Ba
#B Back, 4 Bd/3 Ba
$176,307 NOI
Lot Size 6,427

1130 10th St. - Duplex

$2,275,000
2,637 Sq Ft
3 Levels
#A Main & Upper, 4 Bd/2 Ba
#B Basement, 3 Bd/1 Ba
$111,339 NOI
Lot Size 4,559

1134 10th St. - Triplex

SOLD!
3,024 Sq Ft
3 Levels
Basement, Main, Upper
1 unit per floor - 3 Bd/1 Ba each
$146,424 NOI
Lot Size 6,413

1164 10th St. - Triplex

$2,925,000
3,180 Sq Ft
3 Levels
Basement, Main, Upper
1 Unit per Floor - 3 Bd/1 Ba each
$147,761 NOI
Lot Size 7,020

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Investment Highlights

The Heart of University Hill
10th & College

Six multi-unit homes (4 duplexes & 2 triplexes) all on the same block on University Hill, only 8 blocks to CU Boulder (University of Colorado). The Hill is the most sought after neighborhood for college students. Walking distance to class, shopping, dining and entertainment make this the prime location for any CU Buff.

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Year over Year Rent Growth

Averaging 10% year over year rent growth, this unique housing product commands the highest rents and earliest pre-leasing (leases are signed 10-11 months prior to move in). 100% Occupancy Rate for the last 15+ years. Outstanding, proven business model includes 4 sources of income with little to no advertising.

Major Capital Improvements

All Houses have been renovated with new roofs (hail resistant shingles), new main drain sewer lines, new kitchens (granite counters, hickory cabinets, stainless appliances), new baths (ceramic tile on walls and floors, tubs, cabinets, sinks and plumbing fixtures), new flooring (new or refinished hardwoods, vinyl plank with noise insulation, carpet), and new heating systems (90% efficiency where possible). In general, the portfolio is turnkey with no deferred maintenance. Smart Reg compliant.

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High Density Residential

The houses have coveted grandfathered duplex and triplex designations, the zoning is HDRE, 4 unrelated per unit. There are 52 bedrooms in the portfolio. Leases are 12 month terms from August to August. All properties are pre-leased through August 2021. Pre-leasing for Aug 2021-2022 should be completed by October 2020.

Contact:

Amy LaBorde

RE/MAX Alliance
720-771-8271
homes@amylaborde.com

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