Investor Opportunity: Studio Condo with Long-Term Tenant in Prime Boulder LocationLocated in the heart of Boulder and adjacent to a peaceful, tree-lined creek, this spacious studio unit presents a rare opportunity for investors seeking steady rental income in a high-demand market. Unit #412 at 1850 Folsom St is currently occupied by a reliable, long-term tenant who wishes to remain in residence, offering immediate cash flow with no vacancy period.This generously sized studio features an open layout with large windows that flood the unit with natural light and offer serene views of the surrounding landscape. The functional kitchen includes ample cabinet space and full-size appliances. A dedicated vanity area connects to the bathroom and provides additional storage. The unit also includes one deeded, covered parking space-an added bonus in this central location. Residents enjoy an array of amenities that enhance rental appeal: a year-round indoor pool and hot tub, fitness center, community game rooms, on-site laundry, secure entry, and beautifully maintained community gardens. The property backs to a charming creek and is surrounded by mature trees, providing a quiet, natural setting in the heart of the city. Just minutes from Pearl Street, CU Boulder, and public transportation, this location offers unbeatable walkability and access to everything Boulder has to offer. Low-maintenance and amenity-rich, this is a strong investment in one of Colorado's most resilient rental markets.
Property Features
Bedrooms
- Bedrooms: 1
- Primary Bedroom Dimensions: 9 x 18
- Primary Bedroom Sqft: 162
- Primary Bedroom Level: Main
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
- Bathrooms On Main Level: 1
Appliances
- Electric Range/Oven
- Dishwasher
- Refrigerator
- Washer
- Dryer
- Microwave
Heating and Cooling
- Cooling Features: Central Air
- Heating Features: Forced Air
- Heating: Yes
Kitchen and Dining
- Dining Room Dimensions: 8 x 7
- Dining Room Level: Main
- Dining Room Sqft: 56
- Kitchen Dimensions: 9 x 9
- Kitchen Level: Main
- Kitchen Sqft: 81
Other Rooms
- Living Room Dimensions: 9 x 7
- Living Room Sqft: 63
- Living Room Level: Main
- Exercise Room: Yes
Garage and Parking
- Covered Spaces: 1
- Garage Spaces: 1
- Garage Description: Reserved
Land Info
- Lot Size Acres: 2.7
- Lot Size Square Feet: 117443
Homeowners Association
- Association: Yes
- Association Fee: 1109
- Association Fee Frequency: Monthly
- Calculated Total Monthly Association Fees: 1109
- Association Name: The Horizon West Condominiums
- Association Phone: 7209744204
School Information
- Elementary School: Whittier
- Elementary School District: Boulder Valley Dist RE2
- High School: Boulder
- High School District: Boulder Valley Dist RE2
- Middle School: Casey
- Middle or Junior School District: Boulder Valley Dist RE2
Amenities and Community Features
- Community Features: Hot Tub, Indoor Pool, Fitness Center, Business Center, Recreation Room
Other Property Info
- Annual Tax Amount: 1613
- Source Listing Status: Active
- County: Boulder
- Tax Year: 2024
- Source Property Type: Attached Dwelling
- Inclusions: Electric Range/Oven, Dishwasher, Refrigerator, Clothes Washer, Clothes Dryer, Microwave
- Property Subtype: condo
- Source Neighborhood: Horizon West Condos Amd 2
- Subdivision: Horizon West Condos Amd 2
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 682
- Year Built: 1971
- Construction Materials: Wood/Frame
- Levels: One
- Property Age: 54
- Property Attached: Yes
- Property Condition: Not New, Previously Owned
- Roof: Rubber
- Structure Type: Condo
- Architectural Style: Contemporary/Modern, Ranch
Utilities
- Electric: Electric
- Gas: Natural Gas
- Sewer: City Sewer
- Natural Gas Available
- Electricity Available
- Water Source: City Water, City of Boulder