Generous Owner Financing: 10% or higher down payment, 6% Interest Only Payments, 5 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… Read More 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. Unit 452 has parking space #27 Read Less
Courtesy of Modern Prestige Real Estate 3036678738
Listing Snapshot
Days Online
35
Last Updated
Property Type
Condominium
Beds
3
Full Baths
1
Square Ft.
1,021
Lot Size
2.39 Acres
Year Built
1969
MLS Number
IR1067491
Additional Details
Property Access
Frontage Type: Public, Road Surface: Paved
Appliances & Equipment
Microwave, Oven, Refrigerator
Building
Built in 1969, Living area: 1021, Levels: Three Or More, Construction Materials: Stucco
Accessibility Features
Accessible Approach with Ramp
Fireplaces
Living Room
Heating
Forced Air
Home Owner's Association
Association Fee: $532, Fee Frequency: Monthly, Fee Includes: Reserves, Insurance, Maintenance Grounds, Maintenance Structure, Snow Removal, Amenities: Clubhouse, Elevator(s), Fitness Center, Laundry, Pool, Security
Lot
2.39 acres
Parking
1 total parking space
Roof
Metal
Security Features
Smoke Detector(s)
Sewer
Public Sewer
Taxes
Parcel Number: R0083472, Annual Amount: $2,523, Legal Description: UNIT 452 SPANISH TOWERS CONDOS & 1/118 UND INT COMMON ELEMENTS, Year: 2025, Zoning: Res
Utilities
Electricity Available, Natural Gas Available, Water Source: Public
Windows
Window Coverings
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