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Faits saillants de l'investissement

  • High Income condo near CU Campus

Résumé de l'annonce

Seller is offering generous Owner Financing: 10% down payment, 5% Interest, 3 year maturity.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 and Fitness Center (Full Renovations to be completed by 9/01/2026 per the HOA), 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
  • 625 264 $ CAD (612,40 $ CAD/pi²)
  • 44 860,25 $ CAD
Type de vente Investissement ou propriétaire utilisateur
Taux de capitalisation 7,17%
Nbre d’espaces de stationnement 1
Description
Seller is offering generous Owner Financing: 10% down payment, 5% Interest, 3 year maturity.
NOTE: Investor concentration is no longer a factor in determining Warrantability of a complex. Conforming loan options should be available. 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. The Unit Includes 1 Assigned Parking Space. 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 and Fitness Center (Full Renovations to be completed by 9/01/2026 per the HOA), 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
NOTE: Seller is offering generous Owner Financing: 10% down payment, 5% Interest, 3 year maturity. INVESTOR CONCENTRATION IS NO LONGER A FACTOR IN DETERMINING WARRANTABILITY OF A COMPLEX. Conforming loan options are available. 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 renovating the pool and Firness Center (Full Renovations to be completed by 9/01/2026 per the HOA)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 625 264 $ CAD (612,40 $ CAD/pi²) 44 860,25 $ CAD

Unité 1

Taille de l’unité
1 021 pi²
Utilisation du condo
Flex
Prix
625 264 $ CAD (612,40 $ CAD/pi²)
Revenu net d’exploitation
44 860,25 $ CAD

Unité 1

Taille de l’unité 1 021 pi²
Utilisation du condo Flex
Prix 625 264 $ CAD (612,40 $ CAD/pi²)
Revenu net d’exploitation 44 860,25 $ CAD
Type de vente Investissement ou propriétaire utilisateur
Taux de capitalisation 7,17%
Nbre d’espaces de stationnement 1
Description
Seller is offering generous Owner Financing: 10% down payment, 5% Interest, 3 year maturity.<br> NOTE: Investor concentration is no longer a factor in determining Warrantability of a complex. Conforming loan options should be available. 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. The Unit Includes 1 Assigned Parking Space. 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 and Fitness Center (Full Renovations to be completed by 9/01/2026 per the HOA), 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
NOTE: Seller is offering generous Owner Financing: 10% down payment, 5% Interest, 3 year maturity. INVESTOR CONCENTRATION IS NO LONGER A FACTOR IN DETERMINING WARRANTABILITY OF A COMPLEX. Conforming loan options are available. 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 renovating the pool and Firness Center (Full Renovations to be completed by 9/01/2026 per the HOA)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 informations ci-dessous concernent l’ensemble de l’immeuble. Les caractéristiques propres à chaque lot peuvent varier et sont précisées dans la description du lot présenté 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 5 222 $ CAD 1 021
Moyennement accessible à pied
60/100
Moyennement adapté aux voitures
70/100
Transports en commun relativement accessibles
50/100
Très accessible 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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