1241 Balsam Ave
1241 Balsam Ave
1241 Balsam Ave
1241 Balsam Ave
1241 Balsam Ave
1241 Balsam Ave
1241 Balsam Ave
1241 Balsam Ave
1241 Balsam Ave
1241 Balsam Ave
1241 Balsam Ave
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$2,700,000

1241 Balsam Ave

8 Beds 6 Baths 4,524 Sq.Ft. 9,102 Sq.Ft.

Description

A rare chance to own a versatile income property in one of Boulder's most sought-after locations. This 6-unit building offers incredible flexibility for investors and developers, with multiple pathways to create immediate and long-term value. As it stands, the property provides stable income with rental numbers reflecting current rates and projected income is based on neighboring comparables. With a remodel, the upside is significant-endless potential to elevate rents, modernize units, or condominiumize and re-imagine the entire asset.Looking for an even greater opportunity? This property may also be purchased together with the adjacent lot at 1265-1267 Balsam Ave (see MLS #1022987), opening the door to expanded development options or a larger income-producing footprint.Whether your vision is to rent, renovate, redevelop, or live in, the possibilities are truly limitless. A Boulder investment like this does not come around often-don't miss your chance to own in the center of it all. Listing agent is owner of the property and is a licensed agent in the state of Colorado.

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Location

1241 Balsam Ave, Boulder, CO 80304

Status

For Sale
Colleen Miller

Colleen Miller

Property Amenities

Interior
Appliances Electric Range/Oven, Refrigerator, Washer, Dryer
Total Bedrooms: 8
Area & Lot
Lot Area 9,102 Sq.Ft.
Living area 4,524 Sq.Ft.
MLS® ID 1048020
Year Built 1965
School District Boulder Valley Dist RE2
High School Boulder
Middle School Casey
Elementary School Columbine
View Description Foothills View
Type Multi-Family
Status For Sale
Exterior
Stories 5
Heat type Hot Water
Water Source City Water, City Water
Roof Composition
Finance
Sales Price $2,700,000
Real Estate Tax $15,387 yearly
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Work With Colleen

Discover a personalized approach that turns your real estate dreams into a distinctive and refined lifestyle. From exclusive listings to custom service, every detail is crafted to align with your aspirations. Work with Colleen Today!