740-742 30th ST Boulder, CO 80303

Fully licensed and legal duplex close to campus off 30th St., just south of Baseline. Conforms to Boulder Smart Regs. Added insulation including crawl space. High efficiency furnaces. Each unit has off-street parking for 3 vehicles including one carport per unit, plus driveway and extra pad. Shared storage unit. Extra large yard. Both units are fully leased from Aug. 22' - 23' at $2,700 per month. 4th bedroom in unit 740 is non-conforming & is accessed from the 3rd bedroom. 742 4th bedroom can be accessed from 3rd bedroom, but also has an outside entrance. Great investment property with room for improvement. Property shows like the long term student rental that it is, and therefore may be under rented. But updating the interior and potentially increasing the rents to 3,200/mo. could boost the CAP Rate to nearly 4.7%.