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$ 18,420,000
Est. payment | /mo
23,162 SqFt
$ 18,420,000
Est. payment | /mo
23,162 SqFt
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 23,162 sqft
Price per Sqft $795
MLS Listing ID 3489912
HOA Y/N No
Year Built 1946
Annual Tax Amount $114,160
Tax Year 2023
Lot Size 0.572 Acres
Acres 0.57
Property Sub-Type Multi Family
Source recolorado
Property Description
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 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, LSalazar@PinnacleREA.com with any questions.
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 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, LSalazar@PinnacleREA.com with any questions.
Location
State CO
County Boulder
Interior
Fireplace N
Exterior
Garage Spaces 35.0
Total Parking Spaces 35
Garage Yes
Building
Sewer Public Sewer
Water Public
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by Pinnacle Real Estate Advisors
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