1 Bed
1 Bath
754 SqFt
1 Bed
1 Bath
754 SqFt
Key Details
Property Type Townhouse
Sub Type Attached Dwelling
Listing Status Active
Purchase Type For Sale
Square Footage 754 sqft
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
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
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201 Coffman Street # 1902, Longmont, Colorado, 80502, United States