4420 Driftwood Pl, Boulder, CO
$ 1,495,000
Property Attributes
  • MLS#988487
  • TypeIncome
  • CountyBOULDER
  • CityBoulder
  • AreaSuburban Plains
  • NeighborhoodTwin Lakes
  • Zip80301
  • StyleLegal Conforming
  • Year Built1972
  • Taxes$ 5262
  • Price$ 1,495,000
  • Bedrooms7
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage3080
  • Lot Size12,197 SqFt
Data Source:
Information and Real Estate Services (IRES)
Property Description

This Spacious Updated Triplex near 63rd and Jay features two 2 bedroom, 1 bath units with remodeled kitchens, hardwood floors, fenced yards, and a one car garage. The third unit is a 2 story, 3 bedroom 2 bath unit, with upstairs master suite, vaulted ceilings, granite counters, fenced front and back yards, and a 1 car garage. All units back to a gorgeous community park, and are located in a quiet Twin Lakes neighborhood, centrally located between Boulder and Gunbarrel. SO MANY OPTIONS: Hold as a reliable income property with steadily increasing rents; OR condo convert to add value and sell off the units separately; OR take advantage of lower interest rates and owner occupy one of the 2 bedroom units with occupancy available Aug.1, 2023. The other 2 bedroom unit and the 3 bedroom unit are fully leased through July 2024, so a steady income stream will offset a large portion of the buyer's mortgage. Owner is licensed Broker in Colorado.

Elementary School Middle School High School
Heatherwood Elementary School Centennial Middle School Boulder High School
Price History
5/25/2023 Listed $1,495,000

General Features

Appliances Electric Range/Oven, Dishwasher, Refrigerator, Washer, Dryer
Assoc Fee Paid Per Annually
Assoc Fees 713.34
Association Fee Includes Common Amenities
Association Y/N Yes
Attached Garage No
Basement None
Buyer Agent Compensation 2.80
Buyer Agent Compensation Type %
Cap Rate 5.32
City Boulder
Community Features Park
Construction Materials Wood/Frame
Cooling Central Air
County Boulder
Electric Electric, Xcel
Elementary School Heatherwood
Exclusions Tenants' possessions
Garage Y/N No
Gas Y/N Natural Gas, Xcel
Gross Income 90120
Heating Forced Air
High School Boulder
High School District Boulder Valley Dist RE2
Interior Features Eat-in Kitchen
Land Lease Y/N No
Levels Two
Lot Size Square Feet 12347
MLS Area Suburban Plains
Middle/Junior High School Centennial
Net Operating Income 79558
New Construction No
Operating Expense 10562
Patio/Porch Features Patio
Possible Use Multi-Family
Property Attached Y/N No
Property Condition Not New, Previously Owned
Property SubType Income Property
Property Type Residential Income
Roof Composition
Senior Community Y/N No
Sewer City Sewer
Standard Status Active
Status Active
Stories 2
Street Name Driftwood
Structure Type Legal Conforming
Subdivision Name Twin Lakes
Tax Annual Amount 5262
Tax Year 2022
Tenant Pays Deposit, Gas, Electricity, Water, Sewer, Trash Collection
Total Units 3
Utilities Natural Gas Available, Electricity Available
View Foothills View
Virtual Tour
Waterfront Y/N No
Year Built 1972
Zoning Res

Interior Features

Air Conditioning Y/N Yes
Fireplace Features Free Standing
Fireplace Y/N Yes
Flooring Wood Floors
Heating Y/N Yes
Laundry Features Washer/Dryer Hookups
Living Area Units Square Feet
Livingareasource Assessor
Street Suffix Pl
Total Baths 4
Total Bedrooms 7

Exterior Features

Days on Market 5
Fencing Fenced
Horse Y/N No
Lot Features Abuts Park
Lot Size Acres 0.28
Lot Size Area 12347
Lot Size Units Square Feet
Other Parking Parking Per Unit(1 Space/Unit)
Road Surface Type Paved
Spa No
Water Source City Water, City of Boulder


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 80301

AVG $1.8M
AVG $7,564
AVG 25
Year Built
AVG 1975