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: 18' x 9'
- Primary Bedroom Level: Main
- Primary Bedroom Description: Carpet
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Appliances
- Electric Range
- Dishwasher
- Refrigerator
- Washer
- Dryer
- Microwave
Heating and Cooling
- Cooling Features: Central Air
- Heating Features: Forced Air
- Heating: Yes
Kitchen and Dining
- Dining Room Description: Carpet
- Dining Room Dimensions: 7' x 8'
- Dining Room Level: Main
- Kitchen Description: Vinyl
- Kitchen Dimensions: 9' x 9'
- Kitchen Level: Main
Other Rooms
- Living Room Dimensions: 7' x 9'
- Living Room Level: Main
- Living Room Description: Carpet
Land Info
- Lot Size Acres: 2.7
- Lot Size Square Feet: 117612
Garage and Parking
- Garage Spaces: 1
- Garage Description: Reserved
Homeowners Association
- Association: Yes
- Association Fee: 474
- Association Fee Frequency: Monthly
- Association Fee Includes: Common Amenities, Trash, Snow Removal, Management, Utilities, Exterior Maintenance
- Calculated Total Monthly Association Fees: 474
- Association Name: The Horizon West Condominiums
- Association Phone: 7209744204
School Information
- Elementary School: Whittier
- High School: Boulder
- High School District: Boulder Valley Dist RE2
- Middle School: Casey
- 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 Under Contract
- County: Boulder
- Directions: Please use your favorite GPS.
- Tax Year: 2024
- Source Property Type: Residential
- Exclusions: Tenants personal property and staging items
- Area: Boulder
- Property Subtype: condo
- Source Neighborhood: Horizon West Condos Amd 2
- Parcel Number: R0076395
- Subdivision: Horizon West Condos Amd 2
- Zoning: RES
- Property Subtype: Condominium
Farm Info
- Irrigation Water Rights: No
Building and Construction
- Total Square Feet Living: 682
- Year Built: 1971
- Above Grade Finished Area: 682
- BelowGradeFinishedArea: 0
- Construction Materials: Frame
- Levels: One
- Living Area Source: Assessor
- Property Age: 55
- Property Attached: Yes
- Property Condition: Not New, Previously Owned
- Roof: Rubber
- Levels or Stories: One
- Structure Type: Condominium
- Total Above Grade Sqft Area: 682
- Total Area Sqft: 682
- Architectural Style: Contemporary
Utilities
- Sewer: Public Sewer
- Natural Gas Available
- Electricity Available
- Water Source: City