805 29th St
Boulder, CO 80303 Baseline Sub

• Unit Size: 1,021 SF
• Condo Use: Flex
• Price: $465,000 USD
• Sale Type: Investment or Owner User
• Price/SF: $455.44 USD

Description

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%. Exceptional investment opportunity just steps from the University of Colorado Boulder. This updated 3 Bedroom, 1 Bath condo in Spanish Towers offers strong cash flow, a prime campus location, and low-maintenance ownership. The Brand New Furnace, Oven and Microwave and newer Refrigerator and 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 and 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 (currently under repairs), Fitness Center, 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 and minimizing vacancy risk. Surrounded by restaurants, coffee shops, grocery stores, and 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 and is currently leased for $3,750/month until 7/31/2026. No pets.

Sale Notes

Tenant Occupied: Prior Day showing notice required . Unit is rented through July 31st, 2026 at $3,750/mo. HOA fee is $532/month . The community pool is currently undergoing renovation and is temporarily out of service. The HOA is actively working on a repair plan, and there are no pending special assessments. Once the pool project is completed, the association plans to update and replace the fitness equipment. Tenants are responsible for gas & electricity. Water and Trash are included in rent. Each Tower has a shared laundry facility on the ground level. City of Boulder Rental Housing License RHL-0006683. Unit 201 is also FOR SALE at $450,000 and is currently leased for $3,750/month until 7/31/2026. No pets.