14794 E 2nd Ave #204F new Save Request In-Person Tour Request Virtual Tour
Aurora,CO 80011
Key Details
Property Type Townhouse
Sub Type Attached Dwelling
Listing Status Active
Purchase Type For Sale
Square Footage 754 sqft
Price per Sqft $172
Subdivision Red Sky Condos
MLS Listing ID 1686117
Bedrooms 1
Full Baths 1
HOA Fees $345/mo
HOA Y/N true
Abv Grd Liv Area 754
Year Built 1980
Annual Tax Amount $704
Property Sub-Type Attached Dwelling
Source REcolorado
Property Description
Investor Special in Aurora - RESERVED COVERED PARKING SPOT! Location, Cash Flow, and Value-Add Potential
Opportunity knocks at 14794 E 2nd Avenue #204F - a 1-bed, 1-bath condo with 754 finished sq. ft. in the well-located Red Sky community. This unit offers immediate rental income potential and strong upside for a savvy investor willing to update and modernize. BRAND NEW FLOORING IN THE KITCHEN AND LAUNDRY
Why This Property Works as an Investment
Rental Strength: Similar 1-bed units in this neighborhood are renting in the $1,350-$1,550/month range, making this property capable of producing 6-7%+ gross yield even after factoring the affordable HOA ($345/month, covering water, sewer, trash, insurance, and snow removal).
Low Carrying Costs: Utilities are minimal with water, sewer, trash, and insurance included in HOA dues, making budgeting for rentals easier and reducing tenant complaints.
Transit Access: Just 1 block to bus service and about 5-6 blocks to the R Line Light Rail (2nd & Abilene Station), giving renters easy access to DIA, DTC, Anschutz Medical Campus, and Downtown Denver. Transit proximity increases tenant demand and long-term rental stability.
In-Unit Laundry & COVERED Reserved Parking: Highly desirable features for tenants-washer/dryer included plus one reserved space.
Why This Works as a Flip / Renovation
Strong Bones, Cosmetic Fixer: Brick and frame construction, with an efficient open floorplan (bedroom, family room, kitchen, and full bath all on one level). Most value-add here will be cosmetic-kitchen, bath, flooring, and paint-rather than expensive structural changes.
Comparable Sales: Updated 1-bed units in the area are trading well above current entry price points. Renovating this unit could position it for a 20-30% resale margin, depending on finishes.
Lifestyle Amenities: Residents enjoy an outdoor pool, low-maintenance living, and proximity to shopping, dining, and employment centers-all selling points for resale buyers.
Location
State CO
County Arapahoe
Community Pool,Playground
Area Metro Denver
Rooms
Primary Bedroom Level Main
Interior
Heating Baseboard,Radiant
Cooling Wall/Window Unit(s)
Fireplaces Type Single Fireplace
Fireplace true
Appliance Dishwasher,Refrigerator,Washer,Dryer,Microwave,Disposal
Exterior
Garage Spaces 1.0
Community Features Pool,Playground
Utilities Available Electricity Available,Cable Available
Roof Type Other
Handicap Access Accessible Approach with Ramp
Building
Story 3
Sewer City Sewer,Public Sewer
Water City Water
Level or Stories Three Or More
Structure Type Wood/Frame,Brick/Brick Veneer
New Construction false
Schools
Elementary Schools Sixth Avenue
Middle Schools East
High Schools Hinkley
School District Adams-Arapahoe 28J
Others
HOA Fee Include Trash,Snow Removal,Water/Sewer,Hazard Insurance
Senior Community false
SqFt Source Assessor
Virtual Tour https://my.matterport.com/show/?m=XzVJSkpVNpF