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The Block Portfolio 3 Multifamily Properties Offered at $29,523,709 CAD 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 (CAD) |
|---|---|
| Gross Rental Income |
$2,099,966
|
| Other Income |
$262,845
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$2,362,811
|
| Taxes |
-
|
| Operating Expenses |
-
|
| Total Expenses |
$634,922
|
| Net Operating Income |
$1,727,889
|
TAXES & OPERATING EXPENSES (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $2,099,966 |
| Other Income (CAD) | |
|---|---|
| Annual | $262,845 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $2,362,811 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $634,922 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $1,727,889 |
PROPERTY FACTS
| Price | $29,523,709 CAD | Number of Properties | 3 |
| Price / SF | $1,385 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 5.18% | Total Building Size | 21,312 SF |
| Sale Type | Investment | Total Land Area | 1.20 AC |
| Status | Active |
| Price | $29,523,709 CAD |
| Price / SF | $1,385 CAD / SF |
| Cap Rate | 5.18% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 21,312 SF |
| Total Land Area | 1.20 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
1005 on the Block
1005 14th St, Boulder, CO 80302 |
Multifamily | 10,000 SF | 2018 | - |
| 1019 14th St, Boulder, CO 80302 | Multifamily | 8,346 SF | 1946 | - |
| 1027 14th St, Boulder, CO 80302 | Multifamily | 2,966 SF | 1946 | - |
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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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