Market Conditions in Boulder>Question Details

Sean, Other/Just Looking in Denver, CO

what is a good area to buy rental 1 bedroom close to the Univ of Boulder and shopping district?

Asked by Sean, Denver, CO Sat Oct 27, 2007

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8
Sean,
You could also consider the area just north of campus close to downtown such as this Water Street Condo: http://www.1812-17th.com which is close to pearl street and a short distance to 29th Street shops as well as a short walk to CU. There are over 400 Condos for sale in Boulder as of this week so I'm sure there's something out there for you!
Web Reference: http://www.boulder-buzz.com
3 votes Thank Flag Link Sun Nov 25, 2007
Hi Sean,
You can find some good Boulder neighborhood information here: http://www.realasave.com/neighborhoods/boulder-real-estate-t…

That link will take you to our Boulder profile for The Hill. It's an area near the University and shopping areas. You can also look at the bottom of that neighborhood page where we've got a Google map there with a geocoded Yelp! feature. If you're not familiar with Yelp!, it's a user-driven review site for local restaurants, bars, etc. You can focus in on an area and search for any shops or businesses you might want to have in your neighborhood.

Good luck,
Web Reference: http://www.realasave.com
2 votes Thank Flag Link Fri Nov 16, 2007
||||||||||||||| UPDATE Aug. 2012 ||||||||||||||||||

In all likelihood, Sean found the right place and is now enjoying coffee at one of those cute little shops on The Hill (the place where us aging hipsters hung out in our youth). Or, he found something suitable for his needs in the area north of Canyon near the mall. Love Sunday morning breakfast on this end of town.

Boulder takes pride in its active lifestyle. There are many, many opportunities for getting outside and drinking in this gorgeous place. It is a good idea to think first about what neighborhood you will enjoy.

If you like the night life and want to stroll to a tavern, you choose a place that has close proximity. If you like to get out on a trail and jog, you can find real estate close to the network of trails.

Let me know. We can talk and then I'll use my more than 25 years of accumulated knowledge to find the place that is right for you.

Best,
Suz
0 votes Thank Flag Link Sun Aug 5, 2012
Hi Sean: Others have provided some good options like the University Hill area, but you might also check out areas like Wellman Creek, Park East and areas just east of the main campus. These are a little farther from the Boulder shopping district, but tend to be priced better for rentals. Wellman and Park East are houses with more bedrooms than you mention, but they are priced between $300K and $500K, so you may be able to rent them for considerably higher fees than a one bedroom condo.

You also should check into the Boulder rental rules and regulations at the link below. Pay special attention to the SmartRegs, which are new energy efficiency requirements. These rules can add to your costs and should be figured into your due diligence. You can learn about SmartRegs at: http://www.bouldercolorado.gov/index.php?option=com_content&…

Kind regards,
Ron Rovtar
Prudential Real Estate of the Rockies
Days: 303.981.1617
Evenings: 303.473.1926
ron@rovtar.com
http://www.rovtar.com
0 votes Thank Flag Link Tue Nov 29, 2011
Sean,

Boulder is a great area in which to invest. I have a number of clients who have managed to pay for the education of their child at the University of Colorado with the appreciation in the value of the property during the term of that child's studies. Your best source of advise about the best areas would be a local Boulder Realtor.

I am a lender. I would be happy to counsel with you about financing that purchase. There are many and some times difficult considerations in obtaining financing for a rental property....particularly if it is a condo. If you wish to, please see my blog for more information. Thanks for your inquiry!
0 votes Thank Flag Link Wed Apr 20, 2011
Rather than trying to pick an area in the abstract, we would recommend beginning with price range and features of the property that you want to buy (e.g., # bedrooms, square footage) and mapping all the complexes where units matching those search criteria are available and have sold in the past couple of years. This would point you to all of the complexes that are a match for what you're looking for...which will narrow your neighborhood options. At that point, you can evaluate the particular neighborhoods more carefully. If long term return on investment is an issue, you might look at the relevant data on our web site:
0 votes Thank Flag Link Wed Feb 2, 2011
Sean,
As a Boulder Resident and CU graduate I have a first hand experience of living near the University and can show you several unique areas that are off the beaten path and provide a great return on investment.
Condos in the Gold Run area are centrally located, well maintained and appreciate well.
Currently i have several listings for 1 bedroom condos, and I can help you in your real estate search to rent or buy.
Check out my website to continue your search and contact me directly with your questions.
Matt Kramer
0 votes Thank Flag Link Wed Jul 21, 2010
Hi Sean...

What you are looking for will depend on what price range you are targeting. Boulder is a mobile city with bus transport to just about any location you want to reach for shopping. If you are looking for the best investment you will want to stay within a 1/2 mile radius to the University (walking or biking distance preferred). If you are handy and can do some fixing up or updating there are several needing TLC that have potential for a future return. Use the Search feature for what you are looking for at the website referenced.
0 votes Thank Flag Link Wed Jul 14, 2010
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