This income producing oversized condo has built in stability and upside. A unique condominium that combines two former units into one expansive residence, offering approximately 1,200 square feet with 3 bedrooms and 2 full bathrooms, all on a single level for easy living and broad tenant appeal. Currently tenant occupied with a lease in place through early 2027, the property delivers immediate cash flow with 4% cap rate and a projected cap near 5% with potential to increase returns through future updates and rent adjustments. For investors seeking a low maintenance asset, the professionally managed HOA covers major exterior components including structure, grounds, water, sewer, and snow removal, simplifying ownership and preserving long term value.
The layout lives larger than expected, with generous living spaces, a functional kitchen, and the rare advantage of two detached garage spaces, a standout feature in this price range. The end unit positioning and covered walkway access add both privacy and convenience, enhancing tenant satisfaction and retention. Set in a location known for consistent rental demand, the property benefits from close proximity to major medical and employment centers like UCHealth University of Colorado Hospital, the Anschutz Medical Campus, and Children’s Hospital, drawing a reliable tenant base year round. Everyday conveniences like dining, coffee shops, and neighborhood retail are just moments away, while nearby parks and green spaces offer outdoor recreation that today’s renters value. Easy access to key commuter routes provides seamless connectivity to Denver and the airport, further strengthening long-term rental appeal. Property is sold as-is, without warranties expressed or implied, and is subject to court approval. Call agent for details.