846 16th Street, Boulder, CO 80302

$1,585,000 Asking Price

6 beds
2 baths
1,543  sqft
Built in 1924

Prime Location on University Hill, within walking distance to CU and just blocks to historic Chautauqua park. This 6 Bedroom 2 Bath home Leased for the 2023-2024 for $7800 a month and 2024-2025 school year for $8340 a month. Listed rent is reflective of pre-leased commitments and effective starting August 2024.This classic brick home sits on a large west-facing corner lot offering an expansive park-like backyard with 3 designated parking spots. Inside find a large living room with wood floors and a lovely flagstone fireplace along with a charming kitchen and two good-sized bedrooms and a full bath on the main floor. On the lower level, 4 more bedrooms all with garden-level windows allowing for plenty of natural light, a full bath, and laundry await. The 4th bedroom offers a walk-out door option which would also make a great recreation room. 2 bedrooms are non-conforming. Don't miss this fantastic investment opportunity close to a 6%Cap Rate.


Features & Amenities

Interior

Basement:
Finished
A/C:
None
Heating:
Forced Air

Exterior

Parking:
Parking spaces: 3

Construction

Roofing:
Composition
General:
One

Location

Originating MLS:
recolorado
School District:
Boulder Valley RE 2
County:
Boulder

Lot

Zoning:
LOTS 11-12 BLK 20 UNIVERSITY PLACE, R0001962
Fencing:
Partial

Utilities

Sewer:
Public Sewer

Financial

Source:
recolorado
Ownership:
Individual
Exclusions:
Tenants Personal Property
Buyers Agent Compensation:
2.8 %

This listing courtesy of:
RE/MAX Professionals, Jennifer Crow

About Boulder, CO

Housing

Number of Units
57,556
Median Home Value
$727,108
Median Rent
$1,557

45.19% of housing units are renter occupied.

5.93% are vacant.

Commute

Car
31.66%
Public Transportation
4.18%
Walk to Work
5.16%
Work from Home
53.79%
Other
0.31%

The median travel time to work is 10 minutes.

People

Population
132,687
Median Age
35.60
Median Household Size
2.41

Education

High School
5.95%
Associate’s Degree
4.45%
Bachelor’s Degree
36.79%
Graduate Degree
39.13%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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