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Key Details
Sold Price $780,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,240 sqft
Price per Sqft $348
Subdivision Neikirk Stewart
MLS Listing ID 2720415
Bedrooms 5
Full Baths 1
Three Quarter Bath 1
Year Built 1957
Annual Tax Amount $6,030
Tax Year 2020
Property Description
Investment opportunity for short term hold! Seller is a cooperative housing developer seeking to create innovative, attainable housing for Boulder. The future of 750 North St is a cooperative home that would allow for owner occupants to generate equity at a low cost of entry, providing much-needed access to home ownership in Boulder with a low barrier to entry. Seller is seeking a Buyer to purchase this property in tandem with an Option for Repurchase with a term of up to 18 months, appreciating at a rate of 6% per year. This opportunity would allow the buyer to invest in a stable asset with fixed return upon repurchase, or to benefit from market rate value if the developer does not exercise their right to purchase within the 18 month term.
The top floor features a 3 bedroom 1 bath apartment and a 2 bedroom 1 bath apartment below. In March 2021, property appraised at $1.01M. Seller will consider traditional offers for purchase, but will prioritize offers with repurchase agreement and property lease.
Location
State CO
County Boulder
Interior
Heating Forced Air
Cooling None
Flooring Tile, Wood
Exterior
Roof Type Composition
Building
Foundation Block
Sewer Public Sewer
Water Public
Structure Type Block, Frame
Schools
Elementary Schools Whittier Int'L
Middle Schools Casey
High Schools Boulder
School District Boulder Valley Re 2
Others
Acceptable Financing 1031 Exchange, Cash
Listing Terms 1031 Exchange, Cash
Special Listing Condition None
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Bought with Your Castle Realty LLC
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Chad Nash, The Real Estate Doctor
CEO / Real Estate Wealth Advisor
CEO / Real Estate Wealth Advisor