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Faits saillants de l'investissement

  • High Income condo near CU Campus

Résumé de l'annonce

With current 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%. Exceptional investment opportunity just steps from the University of Colorado Boulder. This updated 3 Bedroom, 1 Bath condo in Spanish Towers offers strong cash flow, a prime campus location, and low-maintenance ownership. The Brand New Furnace, Oven and Microwave and newer Refrigerator and 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 and 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 (currently under repairs), Fitness Center, a Laundry Facility in each Tower and a meeting room. The unit is currently leased at $3,750/month through 7/31/2026, providing immediate income and minimizing vacancy risk. Surrounded by restaurants, coffee shops, grocery stores, and 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 and is currently leased for $3,750/month until 7/31/2026. No pets.

1 Unité disponible

  • Unité
  • Taille de l’unité
  • Utilisation du condo
  • Prix
  • Revenu net d’exploitation
  • Unité 1
  • 1 021 pi²
  • Flex
  • 638 203 $ CAD (625,08 $ CAD/pi²)
  • 44 213,07 $ CAD
Type de vente Investissement ou propriétaire utilisateur
Taux de capitalisation 6,93%
Description
With current 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%. Exceptional investment opportunity just steps from the University of Colorado Boulder. This updated 3 Bedroom, 1 Bath condo in Spanish Towers offers strong cash flow, a prime campus location, and low-maintenance ownership. The Brand New Furnace, Oven and Microwave and newer Refrigerator and 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 and 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 (currently under repairs), Fitness Center, a Laundry Facility in each Tower and a meeting room. The unit is currently leased at $3,750/month through 7/31/2026, providing immediate income and minimizing vacancy risk. Surrounded by restaurants, coffee shops, grocery stores, and 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 and is currently leased for $3,750/month until 7/31/2026. No pets.
Notes sur la vente
Tenant Occupied: Prior Day showing notice required . Unit is rented through July 31st, 2026 at $3,750/mo. HOA fee is $532/month . The community pool is currently undergoing renovation and is temporarily out of service. The HOA is actively working on a repair plan, and there are no pending special assessments. Once the pool project is completed, the association plans to update and replace the fitness equipment. Tenants are responsible for gas & electricity. Water and Trash are included in rent. Each Tower has a shared laundry facility on the ground level. City of Boulder Rental Housing License RHL-0006683. Unit 201 is also FOR SALE at $450,000 and is currently leased for $3,750/month until 7/31/2026. No pets.
Unité Taille de l’unité Utilisation du condo Prix Revenu net d’exploitation
Unité 1 1 021 pi² Flex 638 203 $ CAD (625,08 $ CAD/pi²) 44 213,07 $ CAD

Unité 1

Taille de l’unité
1 021 pi²
Utilisation du condo
Flex
Prix
638 203 $ CAD (625,08 $ CAD/pi²)
Revenu net d’exploitation
44 213,07 $ CAD

Unité 1

Taille de l’unité 1 021 pi²
Utilisation du condo Flex
Prix 638 203 $ CAD (625,08 $ CAD/pi²)
Revenu net d’exploitation 44 213,07 $ CAD
Type de vente Investissement ou propriétaire utilisateur
Taux de capitalisation 6,93%
Description
With current rental income of $3,750/month,&nbsp;&nbsp;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%. Exceptional investment opportunity just steps from the University of Colorado Boulder. This updated 3 Bedroom, 1 Bath condo in Spanish Towers offers strong cash flow, a prime campus location, and low-maintenance ownership. The Brand New Furnace, Oven and Microwave and newer Refrigerator and 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 and 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 (currently under repairs), Fitness Center, a Laundry Facility in each Tower and a meeting room. The unit is currently leased at $3,750/month through 7/31/2026, providing immediate income and minimizing vacancy risk. Surrounded by restaurants, coffee shops, grocery stores, and 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 and is currently leased for $3,750/month until 7/31/2026. No pets.</li></ul>
Notes sur la vente
Tenant Occupied: Prior Day showing notice required . Unit is rented through July 31st, 2026 at $3,750/mo. HOA fee is $532/month . The community pool is currently undergoing renovation and is temporarily out of service. The HOA is actively working on a repair plan, and there are no pending special assessments. Once the pool project is completed, the association plans to update and replace the fitness equipment. Tenants are responsible for gas &amp; electricity. Water and Trash are included in rent. Each Tower has a shared laundry facility on the ground level. City of Boulder Rental Housing License RHL-0006683. Unit 201 is also FOR SALE at $450,000 and is currently leased for $3,750/month until 7/31/2026. No pets.</li></ul>

Faits sur la propriété

Les caractéristiques et les équipements suivants s'appliquent à l'ensemble du bâtiment. Les détails relatifs aux unités de copropriété individuelles peuvent varier et figurent dans les informations concernant les unités ci-dessus.
Taille totale du bâtiment 170 062 pi²
Type de propriété Immeuble residentiel (Condo)
Sous-type de propriété
Appartement
  • Dortoir multi-résidentiel
Classe d’immeuble C
Planchers 5
Superficie de plancher typique 34 012 pi²
Année de construction 1969
Taille du lot 2,41 AC
Ratio de stationnement 0,29/1 000 pi²
Zonage Res - Current rent of $3,750/month, HOA dues $532/mo, Property Taxes $2,532/year, condo ins of $720/year & 7% management fee result in a 7% CAP RATE.

Commodités

Commodités du site

  • Accès 24 heures
  • Piscine
  • Ascenseur
  • Campus accessible à la marche
  • Entrée par clef intelligente

Unité renseignements sur le mélange

Description Nombre d’unités Loyer moyen/mois pi²
3+1 112 5 147 $ CAD 1 021
Moyennement practicable à pied
60/100
Moyennement facile d'accès en voiture
70/100
Transports en commun relativement accessibles
50/100
Très practicable en vélo
80/100
  • ID d’inscription: 40529274

  • Date de mise sur le marché: 2026-05-14

  • Dernière mise à jour:

  • Adresse: 805 29th St, Boulder, CO 80303

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