2623-2633 Sherwood Cir - Apartments FOR SALE


Boulder, CO 80304- Glenwood Grove-North Iris
$1,899,000 USD
970-300-3505
2623-2633 Sherwood Cir, Boulder, CO for Sale
$1,899,000 USD
Apartments - FOR SALE
1/71
null | 4.31% Cap Rate

2623-2633 Sherwood Cir
Boulder, CO 80304
Glenwood Grove-North Iris


HIGHLIGHTS

  • Large property with plenty of room for tenants. Two family rooms in each unit plus a 3rd floor deck with views of the Flatirons which are rare.

OVERVIEW

Rarely sold North Boulder investment opportunity featuring eight bedrooms and five bathrooms in this duplex. Vacancy has been near zero for the last fifteen years and the supply of 20-somethings that wants these rooms is never-ending in this outdoors-lifestyle town. The appreciation in Boulder is rock solid and it has proven to be well insulated from national market fluctuations. The property boasts a third floor deck that views the Flatirons which is rare in this areas. Two fenced backyards and a spacious 2.5 car garage bring appeal for prospective tenants. There's an excellent value-add potential in the smaller unit that will bump cashflow by $1000/month making this 4.3% CAP rate a solid investment is a long-proven market. Monthly gross rent is $8495 and utilities are approximately $825/month. Investors from the area or wishing to move here can live on one side and rent out the other to take care of this house hack opportunity.

FOR SALE DETAILS

PRICE

$1,899,000 USD

PRICE/SF

$422 USD /SF

# OF UNITS

3

PRICE/UNIT

$633,000

CAP RATE

4.31%

% LEASED

88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sherwood Dreamhouse

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1969

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

XBO-boulder

APN/PARCEL ID

1463202-56-001

ASK ABOUT THIS PROPERTY

Shane SigleRweprop, LLCMore Info
970-300-3505

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Shane SigleRweprop, LLCMore Info
970-300-3505

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.