1 Bed
1 Bath
754 SqFt
1 Bed
1 Bath
754 SqFt
Key Details
Property Type Condo
Sub Type Condominium
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
Condo Fees $345
HOA Fees $345/mo
HOA Y/N Yes
Abv Grd Liv Area 754
Year Built 1980
Annual Tax Amount $704
Tax Year 2024
Property Sub-Type Condominium
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
Rooms
Main Level Bedrooms 1
Interior
Interior Features Laminate Counters
Heating Baseboard, Radiant
Cooling Air Conditioning-Room
Flooring Carpet, Laminate
Fireplaces Number 1
Fireplaces Type Wood Burning
Fireplace Y
Appliance Dishwasher, Disposal, Dryer, Microwave, Oven, Refrigerator, Washer
Laundry In Unit
Exterior
Parking Features Asphalt
Pool Outdoor Pool
Utilities Available Cable Available, Electricity Connected, Phone Connected
Roof Type Unknown
Total Parking Spaces 2
Garage No
Building
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Structure Type Brick,Frame
Schools
Elementary Schools Sixth Avenue
Middle Schools East
High Schools Hinkley
School District Adams-Arapahoe 28J
Others
Senior Community No
Ownership Corporation/Trust
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Special Listing Condition None
Virtual Tour https://my.matterport.com/show/?m=XzVJSkpVNpF
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
GET MORE INFORMATION
Founder