Discover a prime investment opportunity at 1250 Cedar Ave in Boulder, a versatile, fully licensed, Smart Regs compliant triplex nestled on a spacious 0.27-acre lot in the Old North Boulder neighborhood, within walking distance to everything downtown. This renovated property offers the flexibility to live in one unit while renting out the others or to maximize rental income across all three units. Property Highlights: Unit 1 (Main Level): 2 bedrooms, 1 bathroom, kitchen, living room, and private laundry facilities. Unit 2 (Main Level): 1 bedroom, 1 bathroom, kitchen, and living room. Unit 3 (Lower Level): 2 bedrooms, 1 bathroom, kitchen, and living room. Units 2 and 3 share a laundry area located on the lower level. Ample off street parking available onsite. Location Highlights: Located on a quiet stretch of Cedar Avenue, across from a large green area, this property is within walking distance to Boulder’s renowned Ideal Market, as well as a variety of local shops, restaurants, and cafes. Its proximity to Pearl Street and downtown Boulder ensures easy access to cultural events, dining, nightlife, entertainment, and outdoor activities, making it an attractive location for both tenants and homeowners. Investment Potential: The flexible layout of this tri plex is ideal for those looking to offset their mortgage by renting out additional units or for investors seeking strong rental income potential. The expansive lot also presents redevelopment possibilities, subject to city approvals, offering potential views of the iconic Flatirons. Additional Information: A pre-listing inspection report is available. The owner has already addressed most of the identified issues. Explore the floor plans, property website, 3D Zillow Tour, and aerial media to fully appreciate this home. Buyer to verify square footage, zoning, re-development potential, etc. Don’t miss out on this exceptional investment opportunity in one of Boulder’s most sought-after neighborhoods.