903 18th Street #302

4 bedroom 4 bathroom unit with a total kitchen, bathroom, lighting and flooring remodel in 2017. Full size washer-dryer, granite countertops, upscale cabinets. This is the only unit in the complex that has central A/C. Each bathroom has a shower with soaking tub. Perfect college student rental less than a block away from the C.U. campus. Never vacant usually rented by word-of-mouth. Students love its proximity to classes and The Hill and enjoy having their own bathrooms. This top floor unit gives the tenants privacy as well as views of the foothills from the private deck. Currently leased to August 2025 at $5,400/month ($1,350/bedroom) making the Cap Rate 4.86% on current income. Rents for next school year expected to go to $1,450/bedroom making the cap rate 5.22% by next fall. The unit includes 3 deeded parking spaces, one in the underground garage.