933 University Avenue, Boulder, CO 80302 | $1,676,000 – MLS# 8788132

Property Description

She ain't pretty, but she has great bones, she is located 2 blocks west of the CU Boulder campus, and she has a lot of potential to be something truly incredible and unique to Boulder. Opportunity's like this home show up once a decade. Ideally positioned as a Co-living / student housing home -- this is most likely the highest and best use of this property. ZONING is: RMX-1 (Residential-Mixed) this allows for a mix of low-to-medium-density housing type such as single-family home, duplex, and multi-family residential units. CU Boulder campus is a few blocks to the east of this home and you want to talk about location, the closest major cross streets are (University Avenue and Broadway right in Boulder). Work to be done top to bottom and on the outside, in what is expected (multiple contractor quotes) to fall potentially around a $375K-$475K rehab range / / could be more / less based on your vision. After Repair Value falls between 2.15-2.3 Million within .5 miles of this property. This is also a project that likely projects at a 4-6 month rehab timeline. Do your due diligence, run your numbers, and roll up your sleeves. * * We are not at all interested in wholesalers / wholesaling * * This is for an end buyer, savvy investor, and it will need to be a cash / creative type deal. This home does need new electrical, new Plumbing, new HVAC, new Windows, new Roof, new water heater(s), you name it. Random enough the main living room and dining room are quite nice, rest of the house is gonna need a full makeover. We will be presenting offers as they stand and do need 24 hours to respond. This home has all the potential in the world it just needs the right buyer who knows what they are doing with it.