6-PLEX ON UNIVERSITY HILL
1216 Pleasant Street is a six unit apartment building in a prime location on University Hill. There are 4 one-bed apartments and 2 studio apartments all leased through 07/2023. Existing rents total $125,040 per annum. Pre-leasing is underway. Projected rents for the 2023-2024 school year are $138,120. Students love 1216’s proximity to CU Campus, living in private units that have been fully updated and having shared laundry and parking onsite.
Building Size: 2,702 SF
Price: $2,200,000 ($367k per unit)