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Cody Walker

cody@sourceofhome.com +1(619) 733-2250

$450,000

Est. payment - /mo

3 Beds

1 Bath

1,021 SqFt

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UPDATED:

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 1,021 sqft

Price per Sqft $440

Subdivision Spanish Towers Condos

MLS Listing ID IR1067491

Style Spanish

Bedrooms 3

Full Baths 1

HOA Fees $532/mo

HOA Y/N Yes

Abv Grd Liv Area 1,021

Year Built 1969

Annual Tax Amount $2,523

Tax Year 2025

Lot Size 2.389 Acres

Acres 2.39

Property Sub-Type Condominium

Source recolorado

Property Description

Generous Owner Financing: 10% down payment, 5% Interest, 30 Year Amortization, 3 year maturity. NOTE: Investor concentration is no longer a factor in determining Warrantability of a complex. Conforming loan options should be available. Exceptional investment opportunity steps from the University of Colorado Boulder. This updated 3 BR, 1 Ba condo in Spanish Towers offers strong cash flow, a prime campus location, and low-maintenance ownership wi Elevator Access. With recent rental income of $3,750/month, HOA dues of $532/month, Property Taxes of $2,532/year, condo insurance of approximately $720/year, and a 7% management fee, the property delivers an estimated CAP RATE of approximately 7%. Brand New Furnace, Oven and Microwave & newer Refrigerator & Dish Washer insure a Trouble-Free investment. Ideally located within walking and biking distance to University of Colorado Boulder, the condo is especially attractive to students attending the Law School, Leeds School of Business, Engineering Center, and those wanting quick access to Folsom Field. The interior features durable Luxury Vinyl Flooring throughout, a cozy wood-burning fireplace, and an efficient layout designed for comfortable shared living & strong rental performance. 3 well-sized bedrooms maximize flexibility for tenants or owner-occupants alike. Residents of Spanish Towers enjoy secure building access along with desirable amenities including a Pool and Fitness Center (Full Renovations to be completed by October 2026 per the HOA), a Laundry Facility in each Tower and a meeting room. The unit is was leased at $3,750/month. Surrounded by restaurants, coffee shops, grocery stores, campus amenities, this property is an outstanding option for investors, parents purchasing for students, or buyers seeking convenient Boulder living. Unit 201 is also FOR SALE at $450,000 & was leased for $3,750/month until 7/31/2026. No pets allowed

Location

State CO

County Boulder

Zoning Res

Rooms

Basement None

Main Level Bedrooms 3

Interior

Heating Forced Air

Fireplaces Type Living Room

Fireplace N

Appliance Microwave, Oven, Refrigerator

Exterior

Utilities Available Electricity Available, Natural Gas Available

Roof Type Metal

Total Parking Spaces 1

Building

Sewer Public Sewer

Water Public

Level or Stories Three Or More

Structure Type Stucco

Schools

Elementary Schools Creekside

Middle Schools Manhattan

High Schools Boulder

School District Boulder Valley Re 2

Others

Ownership Individual

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

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Listed by Modern Prestige Real Estate

Nearby School & Business

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Cody Walker

+1(619) 733-2250

Agent FA.100072314

805 29th ST #452 Boulder, CO 80303

Cody Walker

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby School & Business

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