Homes for sale - 350 Arapahoe Ave #6, Boulder, CO 80302

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Miranda Cantin

nocohomes.miranda@gmail.com +1(970) 405-3498

$ 235,000

Est. payment | -/mo

2 Beds

2 Baths

851 SqFt

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$ 235,000

Est. payment | -/mo

Save

2 Beds

2 Baths

851 SqFt

Key Details

Property Type Townhouse

Sub Type Attached Dwelling

Listing Status Active

Purchase Type For Sale

Square Footage 851 sqft

Subdivision Arapahoe West Condos

MLS Listing ID 1023681

Bedrooms 2

Half Baths 1

Three Quarter Bath 1

HOA Fees $450/mo

HOA Y/N true

Abv Grd Liv Area 851

Originating Board IRES MLS

Year Built 1975

Annual Tax Amount $711

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 due to a land lease making it ideal for buyers seeking to maximize value. HOA covers water. Cash or portfolio loan available for purchase. With Airbnb allowed, this condo offers incredible income potential and lifestyle flexibility. The buyer will purchase the building while leasing the land beneath it until 2073, paying an annual ground rent due every October 1. This ground rent adjusts according to the Consumer Price Index (CPI) and the appraised value of the land with appraisals conducted every five years and has a cap of either 12% of the appraised value or no more than a 50% increase. On october 1, 2024 the initial ground rent was $23,860.74 and the readjusted value after appraisal for additional rent was $11,930.37 due on December 20, 2024.The buyer will also have the right to purchase the real property after 2037. At closing, the prorated ground rent will be credited to the seller and debited to the buyer.

Location

State CO

County Boulder

Community Hiking/Biking Trails

Area Boulder

Zoning RES

Direction From Broadway, head west on Arapahoe and turn left into the parking lot just past 4th Street. Continue straight to the southernmost parking area. Unit 6 is in the building adjacent to the open space.

Rooms

Other Rooms Storage

Basement None

Primary Bedroom Level Upper

Master Bedroom 12x12

Bedroom 2 Upper 11x11

Kitchen Wood Floor

Interior

Interior Features Eat-in Kitchen, Cathedral/Vaulted Ceilings, Open Floorplan

Heating Baseboard

Flooring Wood Floors

Fireplaces Type Living Room

Fireplace true

Window Features Skylight(s),Double Pane Windows

Appliance Electric Range/Oven, Dishwasher, Refrigerator

Laundry Main Level

Exterior

Exterior Feature Balcony, Land Lease

Garage Spaces 2.0

Fence Partial, Wood

Community Features Hiking/Biking Trails

Utilities Available Natural Gas Available, Electricity Available, Other, Cable Available

View Foothills View

Roof Type Composition

Porch Deck

Building

Lot Description Abuts Public Open Space

Faces North

Story 2

Sewer City Sewer

Water City Water, Boulder Water

Level or Stories Two

Structure Type Wood/Frame

New Construction false

Schools

Elementary Schools Flatirons

Middle Schools Manhattan

High Schools Boulder

School District Boulder Valley Dist Re2

Others

HOA Fee Include Common Amenities,Trash,Snow Removal,Management,Utilities,Maintenance Structure,Water/Sewer

Senior Community false

Tax ID R0065974

SqFt Source Assessor

Special Listing Condition Private Owner

Information and Real Estate Services (IRES)

Listed by milehimodern - Boulder • 7203238460

350 Arapahoe Ave #6 Boulder, CO 80302