Brand new furnaceSecure building accessFitness centerCozy wood-burning fireplaceMeeting room
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 with Elevator Access. 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%. 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 & 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 allowed
63 days
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231
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14
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Zillow last checked:
Listing updated:
Listed by:
Peyman Razifard303-667-8738,
Modern Prestige Real Estate,
Sarka Kubicova720-229-9915,
Modern Prestige Real Estate
Source: IRES as distributed by MLS GRID,MLS#: 1059049
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Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 3
Bathrooms: 1
Full bathrooms: 1
Main level bathrooms: 1
Primary bedroom
Description: Luxury Vinyl
Features: Shared Primary Bath
Level: Main
Area: 154 Square Feet
Dimensions: 11 x 14
Bedroom 2
Description: Luxury Vinyl
Level: Main
Area: 154 Square Feet
Dimensions: 11 x 14
Bedroom 3
Description: Luxury Vinyl
Level: Main
Area: 119 Square Feet
Dimensions: 7 x 17
Dining room
Description: Luxury Vinyl
Level: Main
Area: 56 Square Feet
Dimensions: 7 x 8
Kitchen
Description: Tile
Level: Main
Area: 56 Square Feet
Dimensions: 7 x 8
Living room
Description: Luxury Vinyl
Level: Main
Area: 156 Square Feet
Dimensions: 12 x 13
Heating
Forced Air
Appliances
Included: Electric Range, Dishwasher, Refrigerator, Microwave
Features
Windows: Window Coverings
Basement: None
Has fireplace: Yes
Fireplace features: Living Room
Interior area
Total structure area: 1,021
Total interior livable area: 1,021 sqft
Finished area above ground: 1,021
Property
Parking
Parking features: None
Details: None
Accessibility
Accessibility features: Main Floor Bath, Accessible Bedroom, Accessible Elevator Installed
Features
Levels: Five Or More
Stories: 5
Entry location: 4th Floor
Lot
Features: Sidewalks
Details
Parcel number: R0083472
Zoning: Res
Special conditions: Private Owner
Construction
Type & style
Home type: Condo
Architectural style: Spanish
Property subtype: Condominium
Attached to another structure: Yes
Materials
Stucco
Roof: Metal
Condition
New construction: No
Year built: 1969
Utilities & green energy
Electric: Xcel Energy
Gas: Xcel Energy
Sewer: Public Sewer
Water: City
Utilities for property: Natural Gas Available, Electricity Available
Community & HOA
Community
Features: Indoor Pool, Fitness Center, Community Laundry, Security Building, Elevator
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Source: IRES as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.