Boulder, CO 80302,350 Arapahoe AVE #6
Boulder, CO 80302,350 Arapahoe AVE #6
Boulder, CO 80302,350 Arapahoe AVE #6
Boulder, CO 80302,350 Arapahoe AVE #6
Boulder, CO 80302,350 Arapahoe AVE #6
Boulder, CO 80302,350 Arapahoe AVE #6
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Alex Tooke + Derek Weber

Alex Tooke + Derek Weber

+1(303) 339-3543
$ 225,000
Est. payment | /mo

2 Beds

2 Baths

851 SqFt


Save
$ 225,000
Est. payment | /mo
Save

2 Beds

2 Baths

851 SqFt

Key Details

Property Type Townhouse

Sub Type Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 851 sqft

Price per Sqft $264

Subdivision Arapahoe West Condos

MLS Listing ID IR1023681

Bedrooms 2

Half Baths 1

Three Quarter Bath 1

Condo Fees $450

HOA Fees $450/mo

HOA Y/N Yes

Abv Grd Liv Area 851

Originating Board recolorado

Year Built 1975

Annual Tax Amount $711

Tax Year 2023

Property Sub-Type Townhouse

Property 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 offers two parking spaces, 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 enhanced by a land lease making it an excellent option for buyers looking to maximize value. With Airbnb allowed, it offers exceptional income potential and lifestyle flexibility. It's also a great option for CU students facing limited housing availability. Financing options are cash or portfolio loan only. The property is situated on leased land with annual lease payments due each October. The lease amount adjusts annually based on the Consumer Price Index (CPI) and is reassessed every five years upon reappraisal. The October 2024 lease payment was $35,791.11. At closing, the prorated portion of this payment will be credited to the seller and debited to the buyer. The lease payment may qualify as "redeemable ground rent" for tax deduction purposes; buyers are encouraged to consult their accountant for guidance. HOA dues include water, trash, heating, exterior maintenance, and hazard insurance. Electric and gas are billed separately.

Location

State CO

County Boulder

Zoning RES

Rooms

Basement None

Interior

Interior Features Eat-in Kitchen, Open Floorplan, Vaulted Ceiling(s)

Heating Baseboard

Flooring Wood

Fireplaces Type Living Room

Fireplace N

Appliance Dishwasher, Oven, Refrigerator

Exterior

Exterior Feature Balcony

Fence Fenced, Partial

Utilities Available Cable Available, Electricity Available, Natural Gas Available

View Mountain(s)

Roof Type Composition

Total Parking Spaces 2

Building

Lot Description Open Space

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Wood Frame

Schools

Elementary Schools Flatirons

Middle Schools Manhattan

High Schools Boulder

School District Boulder Valley Re 2

Others

Ownership Individual

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Pets Allowed Cats OK, Dogs OK

REColorado (REColorado MLS)
Listed by milehimodern - Boulder • 7203238460

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NEED DOWN PAYMENT ASSISTANCE?

Our team specializes in finding FREE DOWN PAYMENT GRANTS for UP TO 4% of the loan amount, and in most cases with no repayment requirement.

 

Basic requirements: 

        ~ NO First Time Home Buyer requirement!
        ~ 620+ Credit score
        ~ Make less than $195,600