The Block Portfolio
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The Block Portfolio
3 Multifamily Properties Offered at $21,150,000 in Boulder, CO
Investment Highlights
- Premier A+ location on "The Hill"
- Parking garage upside
- 6+% average rent growth
- New construction condo quality units
- Zero vacancy historically
- Newer plumbing, electrical, boilers, roofs, exteriors at 1019 & 1027
Executive Summary
Price Reduced $150,000. CU Boulder Student Housing opportunity at 1005-1027 14th St. This is the best location on The Hill - just a block from campus! Zero vacancy historically. 6+% average rent growth. The block consists of 3 properties on 1 parcel. Each property is unique from the other, consisting of 63 total bedrooms. 1005 14th is a new construction building built in 2018 with an underground parking garage. 1019 14th is a 20-bed property with a Greek organization master lease and 1027 14th is an 8-bed duplex with an additional carriage house in the back. The properties historically have 0% vacancy, pre-lease well in advance, and are 100% pre-leased for the '25-'26 year.
Data Room Click Here to Access
Taxes & Operating Expenses (Pro forma - 2025) |
Annual |
|---|---|
| Gross Rental Income |
$1,498,197
|
| Other Income |
$188,295
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$1,686,492
|
| Taxes |
-
|
| Operating Expenses |
-
|
| Total Expenses |
$446,366
|
| Net Operating Income |
$1,240,126
|
Taxes & Operating Expenses (Pro forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $1,498,197 |
| Other Income | |
|---|---|
| Annual | $188,295 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $1,686,492 |
| Taxes | |
|---|---|
| Annual | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Total Expenses | |
|---|---|
| Annual | $446,366 |
| Net Operating Income | |
|---|---|
| Annual | $1,240,126 |
Property Facts
| Price | $21,150,000 | Number of Properties | 3 |
| Price / SF | $992.40 / SF | Individually For Sale | 0 |
| Cap Rate | 5.86% | Total Building Size | 21,312 SF |
| Sale Type | Investment | Total Land Area | 0.63 AC |
| Status | Active |
| Price | $21,150,000 |
| Price / SF | $992.40 / SF |
| Cap Rate | 5.86% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 21,312 SF |
| Total Land Area | 0.63 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1019 14th St, Boulder, CO 80302 | Multifamily | 8,346 SF | 1946 | - |
|
1005 on the Block
1005 14th St, Boulder, CO 80302 |
Multifamily | 10,000 SF | 2018 | - |
| 1027 14th St, Boulder, CO 80302 | Multifamily | 2,966 SF | - | - |
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Contacts
-
Luke Salazar -
Jim Knowlton -
Robert Lawson -
Jennifer King -
Pinnacle Real Estate Advisors
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The Block Portfolio
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