805 29th Street Unit 452, Boulder, CO 80303

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 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 & 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 currently leased at $3,750/month through 7/31/2026, providing immediate income & minimizing vacancy risk. 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 & is currently leased for $3,750/month until 7/31/2026. No pets allowed