Courtesy of Pinnacle Real Estate Advisors [email protected],303-962-9543
$18,420,000
The Block, located on “The Hill” in Boulder, CO, is a strategic investment in one of the nation’s most lucrative multifamily
investment markets. Its location is the most desirable on the hill just a block from the CU campus and brand-new retail, restaurant, hotel, and conference center developments. This offering presents… Read More investors with a rare and compelling opportunity to
capitalize on the robust and ever-growing demand for student housing in a niche market with a very limited housing supply.
The Block comprises 3 properties on 1 parcel, each with its own unique appeal, totaling 63 bedrooms. 1005 14th, a new
construction building from 2018, boasts an underground parking garage. 1019 14th, a 20-bed property, features a Greek
organization master lease. 1027 14th is an 8-bed duplex with an additional carriage house. These properties have a strong rental history, with 0% vacancy, pre-leasing well in advance, and are already 100% pre-leased for the ‘26-’27 year. Boulder has seen average rent increases of over 6% for the past 15 years, underscoring the potential profitability of this investment. The city is renowned for its natural beauty, thriving tech scene, and prestigious educational institutions, including the University of
Colorado. Please reach out to Luke Salazar at 303-962-9534, [email protected] with any questions. Read Less
Listing Snapshot
Days Online
606
Last Updated
Property Type
Multi Family
Square Ft.
23,162
Lot Size
0.57 Acres
Year Built
1946
MLS Number
3489912
Additional Details
Building
Built in 1946, Built in 2018 (effective)
Expenses
Operating: $441,174
Garage
35 spaces
Income
Gross Income: $1.61633e+06
Lot
0.57 acres
Parking
35 total parking spaces
Sewer
Public Sewer
Taxes
Parcel Number: R0606744, Annual Amount: $114,160, Legal Description: LOT 25D UNIVERSITY PLACE ADD RPLT D, Year: 2023
Utilities
Water Source: Public
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