Description: Perfect college student rental less than a block away from the C.U. campus. This 4 bedroom, 4 bath unit is never vacant since the students love its proximity to classes and The Hill and enjoy having their own bathrooms. This top floor unit gives the tenants privacy as well as views of the foothills from the private deck. Currently leased to August 2025 at $5,400/month ($1,350/bedroom) making the Cap Rate 4.86% on current income. Rents for next school year expected to go to $1,450/bedroom making the cap rate 5.22% by next fall. The Unit comes with 1 reserved parking space in the garage and 2 reserved surface parking spaces.
Status:Active
Listing Office: gibbons-white, inc.
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