Status: Pending
14794 E 2nd Ave #F-204
Aurora, CO 80011
$130,000
------/mo*
CalculateInvestor 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.
Read more
- Bedrooms
- 1
- Baths
- 1
- House Size
- 754 sqft
- Year Built
- 1980
- Lot Size
- N/A
- School District
- Adams-Arapahoe 28J
Location
Market Insights
In the last 30 days, homes for sale in Aurora City Center North, Aurora, CO were on the market for a median of 117 days and 25% of homes sold above list price.
Buy a new home knowing you’ll sell your current one. Orchard guarantees your home will sell, so you can buy your next one worry-free.
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Explore this home’s layout as if you were walking through it in person.
Start TourInterior Information
- appliances
- Dishwasher
- Disposal
- Dryer
- Microwave
- Oven
- Refrigerator
- Washer
- features
- Laminate Counters
- fireplace
- Wood Burning
- flooring
- Carpet
- Laminate
- heating
- Baseboard
- Radiant
- laundry features
- In Unit
Exterior Information
- pool
- Outdoor Pool
Property Information
- accessibility
- Accessible Entrance
- Accessible Approach With Ramp
- construction
- Brick
- Frame
- hoa fees
- $345.00
- Monthly
- hoa includes
- Insurance
- Sewer
- Snow Removal
- Trash
- Water
- parking
- Asphalt
- sewer
- Public Sewer
- subdivision name
- Red Sky Condos
- utilities
- Cable Available
- Electricity Connected
- Phone Connected
- water source
- Public
- Listed By Ryan Devin
- (303) 579-9428
- Keller Williams Advantage Realty LLC
- (303) 986-4300
- kwr11@kwr11.com
- MLS 1686117
Tax History
Date | Property Tax | Land | Additions | Tax Assessment |
|---|---|---|---|---|
| 2024 | $683 (0%) | $42,500 | $122,200 | $164,700 (0%) |
| 2023 | $683 (-18.5%) | $42,500 | $122,200 | $164,700 (+37.1%) |
| 2022 | $838 (-3.1%) | $21,000 | $99,100 | $120,100 (0%) |
| 2021 | $865 (+13.7%) | $21,000 | $99,100 | $120,100 (+16.8%) |
| 2020 | $761 | $33,750 | $69,050 | $102,800 |
Tax data provied by Attom
Monthly Payments Calculator
Estimated Monthly Cost
$1,287
30 year fixed·6.9% interest rate
- Principal & Interest
- $685
- Property Taxes
- $57
- Home Insurance
- $200
- HOA Fees
- $345
*All calculations are estimates and provided for informational purposes only. Actual amounts may vary.
