1902 Grove St, Boulder, CO 80302

Property Description

HUGE PRICE DROP! Rare central Boulder 4-bedroom 2 bath home in Goss Grove with private fenced yard, rooftop deck, 2 off-street parking spaces, no HOA, and a highly walkable/bikeable location near CU, Pearl Street, Boulder High, and downtown. Four separated bedrooms offer flexibility for owner-occupants, investors, CU parents, or shared living. Projected gross rent of approximately $89,760/year based on two bedrooms at $1,990/month and two bedrooms at $1,750/month. At the current $1,249,000 price, this equals approximately a 7.2% gross yield. Estimated cap rate potential is approximately 4.7%-5.4%, depending on buyer's operating expense assumptions. Buyer to verify rental income, rental licensing, expenses, zoning, and all future-use potential. This corner lot with a private fenced yard provides a secluded outdoor space, while the off-street parking accommodates your vehicle needs. Situated at the geographical center of Boulder, this home offers easy access to the city's diverse amenities and attractions. Excellent opportunity for Sundance Film Festival!