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4420 Driftwood Pl

Boulder, CO 80301
  • $1,475,000
  • STATUS: Active
  • ON SITE: 124 Days
  • MLS #: 988487
UPDATED: 22 min ago
$1,475,000
  • 7
    BEDS
  • 0.28
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 3,080
    SQFT
  • $479
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1972
County:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

This Spacious Updated Triplex near 63rd and Jay features two 2 bedroom, 1 bath units with remodeled kitchens, hardwood floors, fenced yards, and a one car garage. The third unit is a 2 story, 3 bedroom 2 bath unit, with upstairs master suite, vaulted ceilings, granite counters, fenced front and back yards, and a 1 car garage. All units back to a gorgeous community park, and are located in a quiet Twin Lakes neighborhood, centrally located between Boulder and Gunbarrel. Hold as a reliable income property with steadily increasing rents; OR condo convert to add value and sell off the units separately; OR take advantage of lower interest rates and owner occupy one of the 2 bedroom units with occupancy available Oct 1,2023. The other 2 bedroom unit and the 3 bedroom unit are fully leased through July 2024, so a steady income stream will offset a large portion of the buyer's mortgage. Owner is licensed Broker in Colorado and will consider owner financing with 33% down payment from Buyer.

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© 2023 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Downtown Real Estate Brokers, LLC.. Data last updated: 2023-09-27T21:42:53.297.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
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4420 Driftwood Pl Boulder, CO 80301

  • Price: $1,475,000
  • Status: Active
  • On Site: 124 Days
  • Updated: 22 min ago
  • MLS #: 988487
7
Beds
4
Baths
0
½ Baths
0.28
Acres
3,080
SQFT
$479
$/SQFT
1972
Built
Neighborhood:
Twin Lakes
County:
Boulder
Area:
05 Suburban Plains
Elementary School:
Heatherwood
Middle School:
Centennial
High School:
Boulder
School District:
Boulder Valley Dist Re2
Property Description
This Spacious Updated Triplex near 63rd and Jay features two 2 bedroom, 1 bath units with remodeled kitchens, hardwood floors, fenced yards, and a one car garage. The third unit is a 2 story, 3 bedroom 2 bath unit, with upstairs master suite, vaulted ceilings, granite counters, fenced front and back yards, and a 1 car garage. All units back to a gorgeous community park, and are located in a quiet Twin Lakes neighborhood, centrally located between Boulder and Gunbarrel. Hold as a reliable income property with steadily increasing rents; OR condo convert to add value and sell off the units separately; OR take advantage of lower interest rates and owner occupy one of the 2 bedroom units with occupancy available Oct 1,2023. The other 2 bedroom unit and the 3 bedroom unit are fully leased through July 2024, so a steady income stream will offset a large portion of the buyer's mortgage. Owner is licensed Broker in Colorado and will consider owner financing with 33% down payment from Buyer.
Exterior Features

Construction Materials Wood/Frame Fencing Fenced Horse YN No Levels Two Lot Features Abuts Park Other Parking Parking Per Unit(1 Space/Unit) Patio And Porch Features Patio Road Surface Type Paved Roof Composition Spa YN No Structure Type Legal Conforming View Foothills View Waterfront YN No

Interior Features

Appliances Electric Range/OvenDishwasherRefrigeratorWasherDryer Basement None Cooling Central Air Cooling YN Yes Fireplace Features Free Standing Fireplace YN Yes Flooring Wood Floors Heating Forced Air Heating YN Yes Interior Features Eat-In KitchenCathedral/Vaulted Ceilings Laundry Features Washer/Dryer Hookups Living Area Source Assessor Unit1 Bedrooms 3 Unit1 Est Sq Ft 1346 Unit1 Total Baths 2 Unit2 Bedrooms 2 Unit2 Est Sq Ft 864 Unit2 Total Baths 1 Unit3 Bedrooms 2 Unit3 Est Sq Ft 870 Unit3 Total Baths 1

Property Features

Association Fee 713.34 Association Fee Frequency Annually Association Fee Includes Common Amenities Association YN Yes Cap Rate 5.31 Community Features Park Ditches Active YN No Electric ElectricXcel Exclusions Tenants' Possessions Gas Natural GasXcel Gross Income 88920 Has Association Fee Yes Has Hoa Covenants Yes Has Hoa2 No Has Improvements No Has Water Rights No Income Includes Lease/RentsCommon Area Fees Listing Sub Status None Listing Terms CashConventionalOwner Pay PointsOwner May Carry1031 Exchange Locale Boulder Net Operating Income 78358 New Construction YN No Operating Expense 10562 Possible Use Multi-Family Property Condition Not NewPreviously Owned Property Sub Type Income Property Senior Community YN No Sewer City Sewer Special Listing Conditions Licensed Owner Tax Annual Amount 5262 Tax Year 2022 Tenant Pays DepositGasElectricityWaterSewerTrash Collection Unit1 Rent 2850 Unit2 Rent 2050 Unit3 Rent 1950 Utilities Natural Gas AvailableElectricity Available Water Source City WaterCity Of Boulder Zoning Res

Listing information © 2023 Information and Real Estate Services
Listing provided courtesy of Kyle Mcdaniel of Live West Realty: kylemc@livewestrealty.com.



© 2023 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Downtown Real Estate Brokers, LLC.. Data last updated: 2023-09-27T21:42:53.297.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
 
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