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350 arapahoe avenue boulder, CO 80302

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$235,000

Beds: 2
Baths: 2
Fin SqFt: 851
MLS Number:
IR1023681

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Description:
Discover an exceptional investment opportunity at a competitive price point in the heart of Boulder. Ideal for a variety of uses - including an investment property, second homes or student housing - this residence marries affordability with the coveted Boulder lifestyle. The home backs to serene open space, offering a tranquil setting paired with modern amenities. Hardwood floors grace the main level, which features a remodeled kitchen with sleek Corian counters, a cozy wood-burning fireplace and a convenient powder room. Upstairs, the primary bedroom boasts a private balcony overlooking open space, while a beautifully remodeled bathroom with a skylight adds charm. A finished attic with built-in shelves and another skylight provides versatile storage or creative space. This property's affordability is due to a land lease making it ideal for buyers seeking to maximize value. Cash purchase requested. With Airbnb allowed, this condo offers incredible income potential and lifestyle flexibility. The buyer will purchase the building while leasing the land beneath it until 2073, paying an annual ground rent due every October 1. This ground rent adjusts according to the Consumer Price Index (CPI) and the appraised value of the land with appraisals conducted every five years and has a cap of either 12% of the appraised value or no more than a 50% increase. On october 1, 2024 the initial ground rent was $23,860.74 and the readjusted value after appraisal for additional rent was $11,930.37 due on December 20, 2024.The buyer will also have the right to purchase the real property after 2037. At closing, the prorated ground rent will be credited to the seller and debited to the buyer.

Status: Coming Soon
Expected Active Date: 2024-12-27

Listing Office:
milehimodern - boulder

Interior Features:

Eat-in Kitchen
Open Floorplan
Vaulted Ceiling(s)

Exterior Features:

Balcony

Site Features:

Open Space

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Want to schedule a private showing on this home or another home in boulder? Call us at 303-726-1874 or email us at properties@petrelliteam.com.

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The Brian Petrelli Team is your Arapahoe West Condos, boulder home specialist.

Our team of local boulder experts have over 200 years of combined expertise in the Colorado Real Estate market. Give us a call today to put our knowledge and experience to work for you as you buy or sell your next Arapahoe West Condos home.

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The Brian Petrelli Team
Phone: 303-726-1874
properties@petrelliteam.com

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Homes Near 350 Arapahoe Avenue Boulder, Co 80302

350 arapahoe avenue
boulder 80302
Status: Coming Soon

$235,000.00
Beds: 2 Baths: 2
MLS #:4567891023681
Listing Office:
milehimodern - boulder

2510 taft drive
boulder 80302
Status: Pending

$244,430.00
Beds: 2 Baths: 2
MLS #:4567891020453
Listing Office:
re/max of boulder, inc

Want to see more properties in Arapahoe West Condos , boulder or the surrounding areas? Email us for a full list at properties@petrelliteam.com.

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Call us today and find out why we're leaders for Houses in boulder, Colorado and the most most qualified REALTORS in Arapahoe West Condos. We can show you any available home in boulder, Colorado and provide you with the expertise and knowledge to make sure you get the best value for your money. In addition, we have access to $0 down mortgage programs to make financing easier. What are you waiting for? Call us today!
303-726-1874

The content relating to real estate for sale in this web site comes in part from the Internet Data eXchange ("IDX") program of METROLIST, INC., DBA RECOLORADO® Real estate listings held by brokers other than The Brian Petrelli Team are marked with the IDX Logo. This information is being provided for the consumers' personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

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