CO > Boulder > Arapahoe West Condos
Boulder, CO 80302,350 Arapahoe Ave #6
Boulder, CO 80302,350 Arapahoe Ave #6
Boulder, CO 80302,350 Arapahoe Ave #6
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$225,000
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2 BD
2 BA
851 SqFt
Price Dropped by $10K

350 Arapahoe Ave #6 Boulder, CO 80302

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Scott & Carli Nitzel

Scott & Carli Nitzel

+1(970) 590-5450

UPDATED:

02/26/2025 10:21 PM

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 Sub-Type Attached Dwelling

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 enhanced by a land lease making it an excellent option for buyers looking to maximize value. With Airbnb allowed, it offers exceptional income potential and lifestyle flexibility. It's also a great option for CU students facing limited housing availability. Financing options are cash or portfolio loan only. The property is situated on leased land with annual lease payments due each October. The lease amount adjusts annually based on the Consumer Price Index (CPI) and is reassessed every five years upon reappraisal. The October 2024 lease payment was $35,791.11. At closing, the prorated portion of this payment will be credited to the seller and debited to the buyer. The lease payment may qualify as "redeemable ground rent" for tax deduction purposes; buyers are encouraged to consult their accountant for guidance. HOA dues include water, trash, heating, exterior maintenance, and hazard insurance. Electric and gas are billed separately.

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

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agent

Scott & Carli Nitzel

Brokers / Owners | License ID: 100068897

+1(970) 590-5450

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350 Arapahoe Ave #6