1401 W 85th Avenue #F201, Federal Heights, CO 80260
Local realty services provided by:RONIN Real Estate Professionals ERA Powered
Listed by: tucker baer
Office: mb paramount properties
MLS#:2166203
Source:ML
Price summary
- Price:$225,000
- Price per sq. ft.:$265.02
- Monthly HOA dues:$295
About this home
SEE VISUAL TOUR WITH VOICE. This unique two-story condo is a desirable end-unit penthouse offering exceptional privacy, abundant natural light, and no unit above. The main living area features 9-foot ceilings, while both bedrooms boast vaulted ceilings, creating an open and spacious feel throughout. A convenient half bathroom is located on the main level, and built-in cabinetry on the stair landing provides excellent additional storage or a perfect bar setup. Each bedroom includes its own full bathroom and a large private balcony, offering ideal separation and comfort. Recent updates include new carpet, fresh paint, matching LG kitchen appliances, a new water heater, many updated light fixtures, and a touch-activated kitchen faucet. Additional highlights include air conditioning and a location directly next to Bell Roth Park with its lake, with Water World just down the street.
This property has been a strong and reliable rental with consistent demand. The most recent tenant occupied the unit for nine years, and over the seller’s ownership, the property achieved an average annual yield of approximately 6% while more than doubling in value. In 2024, the unit generated $10,861.45 in net income at $1,318 per month—an amount the seller believes was below market. With recent improvements and strong rental demand in the area, the property is well-positioned for even stronger performance moving forward. Lenders are available that may offer low-down-payment loan options and support to help streamline the process—talk to the listing agent for details....
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Home facts
- Year built:2005
- Listing ID #:2166203
Rooms and interior
- Bedrooms:2
- Total bathrooms:3
- Full bathrooms:2
- Half bathrooms:1
- Flooring:Carpet
- Kitchen Description:Dishwasher, Disposal, Microwave, Range, Refrigerator
- Living area:849 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Hot Water
- Central air:Yes
Structure and exterior
- Roof:Composition
- Year built:2005
- Building area:849 sq. ft.
- Lot Features:Near Public Transit
- Architectural Style:Contemporary
- Construction Materials:Frame
- Exterior Features:Balcony
- Levels:2 Story
Schools
- High school:Northglenn
- Middle school:Thornton
- Elementary school:Rocky Mountain
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$225,000
- Price per sq. ft.:$265.02
- Tax amount:$1,489 (2024)
Features and amenities
- Laundry features:Dryer, Washer
- Amenities:Double Pane Windows
Parking
- Total parking spaces:1
- Parking description:Asphalt, Guest Parking
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