1975-1977 Norwood Avenue

Description

Situated on an exceptionally large 0.47-acre parcel this is a rare chance to secure one of the larger residential lots in the neighborhood. The size and configuration of the site may also present subdivision potential, The cash flowing duplex offers an investor, builder, or custom home buyer reliable income while submitting plans to the city. Don't miss a beat building your custom home (or two!) while holding a valuable asset in one of Boulder's most sought-after areas. See 1945 Norwood for what two homes on a similar lot can look like. Walking distance to parks, trail systems, shops and restaurants and easy access to Broadway and downtown. Each duplex has a private patio and expansive yard with trees and gardens divided by a fence. Property is currently rented well below market rent. This property would also be a homerun short term rental for the highly anticipated arrival of the Sundance Film Festival in 2027. Sundance is expected to further elevate housing demand during the winter season and beyond. The layout also offers flexibility for a variety of ownership strategies, including the option to live in one unit while leasing the other. Owners may continue generating income while exploring design and permitting possibilities with the City of Boulder. Each unit offers comfortable living spaces with large front and backyard areas. Large driveway provides ample off-street parking for cars or RV's with convenient access and flexibility for tenants and future site planning. Opportunity awaits with this winning combination of land size, flexibility, and location rarely available in this established North Boulder neighborhood.