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Matt Miller

mattmiller.coloradore@gmail.com +1(563) 275-9297

$ 450,000

Est. payment | -/mo

3 Beds

1 Bath

1,021 SqFt

Save

$ 450,000

Est. payment | -/mo

Save

3 Beds

1 Bath

1,021 SqFt

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/SW

Bedrooms 3

Full Baths 1

HOA Fees $532/mo

HOA Y/N Yes

Year Built 1969

Lot Size 2.389 Acres

Acres 2.39

Property Sub-Type Condominium

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

Interior

Heating Forced Air

Fireplaces Type Living Room

Appliance Microwave, Oven, Refrigerator

Exterior

Utilities Available Electricity Available, Natural Gas Available

Amenities Available Clubhouse, Elevator(s), Fitness Center, Laundry, Pool, Security

Waterfront Description Public

Roof Type Metal

Accessibility Accessible Approach with Ramp

Private Pool No

Building

Story Three Or More

Sewer Public Sewer

Water Public

Architectural Style Spanish/SW

Schools

School District Elementary: Boulder Valley Re 2, High: Boulder Valley Re 2

Others

HOA Fee Include Reserve Fund,Insurance,Maintenance Grounds,Maintenance Structure,Snow Removal

Tax ID R0083472

Listed byModern Prestige Real Estate

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(563) 275-9297

mattmiller.coloradore@gmail.com

999 18th street, Denver, CO 80202

805 29th ST Boulder, CO 80303