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1200 College Ave #118, Boulder, CO, 80302

3beds
2baths
992sqft
$790,000
$796price/sqft
$4,796/moest. monthly cost
$191,840/yrincome needed

About This Home

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 adjoining 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.

Getting Around

90
WalkingVery Walkable
57
TransitGood Transit
89
BikeVery Bikeable

Schools

Construction

Condition

  • Year built: 1968

Materials

  • Roof: Metal,Rubber
  • Construction materials: Brick

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Electric Range,Dishwasher,Refrigerator

Basement

  • Has basement: Yes
  • Basement: Full

Bedroom2

  • Level: Basement
  • Area: 120
  • Dimensions: 12 x 10

Bedroom3

  • Level: Basement
  • Area: 120
  • Dimensions: 12 x 10

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 1
  • 1/2 bathrooms: 1
  • Main level bathrooms: 1

Features

  • Eat-in Kitchen
  • Finished area below ground: 496
  • Finished area above ground: 992

Heating

  • Heating features: Hot Water,Baseboard

Interior Area

  • Total structure area: 1,488
  • Total interior livable area: 992 sqft

Kitchen

  • Level: Main
  • Area: 108
  • Dimensions: 12 x 9

Living Room

  • Level: Main
  • Area: 108
  • Dimensions: 12 x 9

Primary Bedroom

  • Features: Shared Primary Bath
  • Level: Main
  • Area: 126
  • Dimensions: 14 x 9

Property

Details

  • Parcel number: R0103384
  • Attached to another structure: Yes
  • Zoning: RH-5
  • Special condition: Private Owner
  • Exclusions: Tenants personal belongings.

Features

  • Levels: Bi-Level,Two
  • Stories: 2
  • Exterior features: Balcony

Lot

  • Features: Corner Lot,Paved,Curbs,Sidewalks

Parking

  • Parking features: None