Welcome to 636 Marine Street in Boulder-a captivating historic multiplex that exudes charm and artistic flair. Nestled in an amazing location, this exquisite property invites you to explore the heart of Boulder with ease. Just a stone's throw from the vibrant Pearl Street Mall and within minutes of the renowned… Read More Chautauqua hiking trails, it provides an unparalleled living experience for the discerning buyer or investor. This multiplex boasts a total of six bedrooms and four bathrooms within an expansive 3,201 square feet. Set on a generous double lot of 11,282 square foot, the property not only offers ample living space and extensive outdoor privacy but also presents a unique opportunity for rental income, with four distinct units ready to accommodate tenants. Steeped in history and character, the property serves as an ideal retreat for artists seeking inspiration amidst its serene outdoor spaces and stunning views. Investors will appreciate its excellent rental history, as three of the four units are currently occupied, ensuring a steady income stream. The fourth unit is a spacious 1,395 square foot and has been the caretakers/artist unit. Smart reg compliant and meticulously maintained, this property is an exceptional investment on a quarter-acre of prime real estate. Whether you're drawn by its potential for student housing or the allure of a Sundance Film Festival escape, 636 Marine Street is your gateway to owning a piece of Boulder's vibrant community. Read Less
Construction Materials: "Frame", Levels: "Two", Occupant Type: Tenant, Total Area: 3201, Unit Count: 4, Unit Types: "Array", "Array", "Array", "Array", Built in 1911, 4 total units
Disclosures
Exclusions: Artist Studio personal property, art work, and some of the furnishings in the rental units.
Expenses
Operating Expense: $393,139
Exterior Features
Patio And Porch Features: "Deck", "Patio"
Heating
Heating: "Forced Air"
Income
Gross Income: $8,536, Income Includes: "Rent Only", Net Operating Income: $125,743, Projected Gross Operating Income: $518,882
Owner Pays
Ownership: Individual
Parking
Parking Total: 2
Property
Possible Use: "Multi-Family", Property Sub Type: Quadruplex, View: "Mountain(s)", Zoning: RES
Roof
Roof: "Composition"
Taxes
Annual Amount: 11793, Legal Description: TRACT 461 LESS A BO 36-1N-71 AKA E 60FT OF W1/2 OF BLK 13 SMITHS ADDITION TO WEST BOULDER LESS SLY 100FT & ELY 5FT OF NLY 170FT, Tax Year: 2024
Utilities
Utilities: "Natural Gas Available", Water Source: "Public"
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