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Liz Kozar

[email protected] +1(970) 775-0025

$ 450,000

Est. payment | -/mo

3 Beds

1 Bath

1,021 SqFt

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$ 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

Subdivision Spanish Towers Condos

MLS Listing ID IRE1067491

Style Spanish

Bedrooms 3

Full Baths 1

HOA Fees $532/mo

HOA Y/N Yes

Year Built 1969

Annual Tax Amount $2,523

Tax Year 2025

Lot Size 2.390 Acres

Acres 2.39

Property Sub-Type Condominium

Source ires

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 9/01/2026 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

Community Spanish Towers Condos

Area Boulder

Zoning Res

Direction Unit 452 is in the NORTH TOWER at Spanish Towers. From Baseline, turn north onto 29th Street and continue north - Spanish Towers is the last building on the left. From 30th Street, turn west onto Bixby Road, Spanish Towers is at the intersection of 29th St & Bixby.

Rooms

Basement None

Interior

Heating Forced Air

Fireplaces Type Living Room

Appliance Electric Range, Refrigerator, Microwave, Fire Alarm

Exterior

Parking Features Reserved

Garage Spaces 1.0

Community Features Clubhouse, Indoor Pool, Fitness Center, Community Laundry, Security Building, Elevator

Utilities Available Natural Gas Available, Electricity Available

View Y/N No

Roof Type Metal

Improvements No

Garage Yes

Building

Lot Description Sidewalks, Fire Hydrant within 500 Feet

Sewer Public Sewer

Water City

Architectural Style Spanish

Level or Stories Five Or More

Structure Type Stucco

New Construction false

Schools

Elementary Schools Creekside

Middle Schools Manhattan

High Schools Boulder Valley Dist Re2

School District Boulder Valley Dist Re2

Others

HOA Fee Include Common Amenities,Snow Removal,Maintenance Grounds,Management,Utilities,Exterior Maintenance,Insurance

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Private Owner

Information and Real Estate Services (IRES)

Listed by Peyman Razifard

NEARBY SCHOOLS & PROPERTIES

+1(970) 775-0025

[email protected]

457 East Wonderview

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Colorado

805 29th #452 Boulder, CO 80303