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$485,000

For Sale - Active
1111 Maxwell Ave Apt 233, Boulder, CO 80304
2 Beds
1 Bath
816 Square Feet
0.00 Acres Lot
Built in 1971
For Sale - Active
Units n/a
Checked: 3 hours ago
Updated: Jul 18, 2025 at 06:47AM

Investment Summary


Monthly Cash Flow
-$1,742
Cap Rate
1.4%
Cash-on-Cash Return
-18.7%
Debt Coverage Ratio
0.24
Internal Rate of Return (5 years)
-14.1%

Property Description


0.00 Acres Lot
Built in 1971
For Sale - Active
Units n/a

Discover urban living at its finest in this beautifully updated condo located at 1111 Maxwell Ave #233 in Boulder, Colorado. This 2-bedroom, 1-bathroom top corner unit boasts an open-concept layout with abundant natural light, perfect for both relaxing and entertaining. The new modern upgraded kitchen features stainless steel appliances, new countertops and cabinets, that seamlessly connects to the living area. Enjoy the best of outdoor living with a private balcony offering stunning views, ideal for morning coffee or evening sunsets. The spacious master suite includes extra storage closet/cuby. The second bedroom is perfect for guests or a home office and a washer/dryer can easily be hooked up there as well. Additional highlights include new custom kitchen, new carpet, fresh paint, HVAC system and covered deeded parking spot along with deeded storage unit right near the parking spot.The Maxwell Place community offers residents access to a pool, laundry and beautifully landscaped grounds. For added value, the seller is willing to offer a seller credit that can be used for closing or interest rate for extra savings! Located just steps away from Pearl Street, you’ll be close to Boulder’s best dining, shopping, and outdoor activities. This condo combines the convenience of downtown living with the serenity of nature, making it a perfect retreat in the heart of Boulder. Don’t miss this opportunity to own a piece of Boulder’s vibrant lifestyle. Note: The HOA went through all major upgrades over the past 7 years that include new garage structure, complete exterior upgrade, and plumbing upgrades. There are currently no planned assessments for the future.

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Location


Property Details


Parking

  • Description: Detached Garage
  • Details: Concrete, Lighted, Storage, Underground
  • Garage Spaces: 0
  • Spaces Total: 1

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Partial): 0
  • # of Baths (Total): 1.0

Interior Features

  • # of Rooms: 5

Exterior Features

  • Exterior Walls Materials: Marble

HOA

  • Has HOA: Yes
  • Association: Maxwell Place
  • HOA Fee: $619/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 146125172059
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Year Built: 1971

Tax Information

  • Annual Tax: $2,494

Utilities

  • Heating: Electric, Hot Water
  • Cooling: Central Air

Location

  • County: Boulder

Listing Details


Listed by:
Clayton Jeanette
Clayton Jeanette
(720) 227-2811

Source:
REColorado
MLS#: 5971400
REColorado

Investment Summary


Monthly Cash Flow
-$1,742
Cap Rate
1.4%
Cash-on-Cash Return
-18.7%
Debt Coverage Ratio
0.24
Internal Rate of Return (5 years)
-14.1%

Purchase Details

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Purchase price:
$485,000
Amount financed:
-$388,000
Down payment:
$97,000
Closing costs:
$14,550
Rehab costs:
$0
Initial cash invested:
$111,550
Square feet:
816
Cost per square foot:
$594
Monthly rent per square foot:
$2.45

Financing Details

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Loan amount:
$388,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$2,295
Property tax:
$208
Insurance:
$140
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,643

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,000 $24,000
Vacancy loss: (6%)
6% -$120 -$1,440
Operating income:
$1,880 $22,560

Operating Expenses


% Rent Monthly Yearly
Property taxes: (10%)
10%-$208-$2,494
Insurance: (7%)
7%-$140-$1,680
Property management: (8%)
8%-$160-$1,920
Repairs & maintenance: (5%)
5%-$100-$1,200
Capital expenditures: (5%)
5%-$100-$1,200
HOA fees: (31%)
31%-$619-$7,428
Total operating expenses: (66%)
66%-$1,327-$15,922

Cash Flow


Monthly Yearly
Net operating income:
$553 $6,636
Mortgage payments:
-$2,295 -$27,540
Cash flow:
$1,742 $20,904