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Home » Real Estate » CO » Boulder » 80303 » 435 Manhattan Dr, Boulder, CO, 80303
$1,875,000

435 Manhattan Dr, Boulder, CO, 80303

8 Beds
4 Baths
3,222 Square Feet
Don't miss an exceptional investment opportunity with this fully remodeled 8-bedroom Boulder triplex. We know interest rates are high, so this motivated seller is offering a better than ever price Today. Step into $425,000 of instant equity! This property appraised at $2,300,000 just months ago in the fall of 2023. Plus now rented out, with a cap rate of 5.78 this property blows out of the water Boulder's median cap rate of 4.86. Plus above longterm rents, Rabbu.com projects it may generate over $219,000 per year as a short term rental! Renovated with a contemporary and sleek aesthetic enjoy top-tier tenants and top tier rents. Each room boasts brand-new, durable LVP flooring, modernized kitchens complete with updated cabinets and appliances, fresh paint, new doors and hardware, upgraded lighting, and renovated bathrooms. Situated in a highly desirable neighborhood of East Boulder, it offers convenient access to the East Boulder Rec Center, open space trails, and the Base-mar Shopping Center. Currently, the property is rented on month-to-month leases, providing flexibility for the new owner to either retain the existing tenants, or occupy a unit themselves. Units are leased furnished, and furnishings come included in the sale price! Don't miss this incredible opportunity!
Offered By
Bianca Griffith 7209015611, RE/MAX of Boulder, Inc

Property Details

Property Type Residential Income
Status Active
Bedrooms 8
Property Sub Type Attached Dwelling
Square Feet 3,222
MLS # 1010637

Market Trends

New Properties On Market
57
50% Increase In New Listings
Average Asking Price
$1,074,439
$195,639 Decrease In Avg Asking Price
Average Asking Price / Sq. Ft.
$575
$26 Increase In List Price/Sq. Ft.
Average Days On Market
8
27 Day Decrease In Days On Market
Data as of Jul 02, 2024. Remaining statistics above are calculated on activity within the period from May 01, 2024 to Jun 30, 2024.

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Information deemed reliable but not guaranteed by the MLS. Listing 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. Data Source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules. © 2024 IRES. Property data was last updated on 6/29/2024 at 10:33 pm