1 Bed
1 Bath
734 SqFt
1 Bed
1 Bath
734 SqFt
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 734 sqft
Price per Sqft $183
Subdivision Red Sky
MLS Listing ID 8313416
Bedrooms 1
Full Baths 1
Condo Fees $319
HOA Fees $319/mo
HOA Y/N Yes
Abv Grd Liv Area 734
Originating Board recolorado
Year Built 1980
Annual Tax Amount $779
Tax Year 2024
Property Sub-Type Condominium
Property Description
LEASE WITH OPTION TO PURCHASE a.k.a RENT TO OWN 2 bedroom Condos!
$5000 Option Fee (Gives you the right to purchase the property at today's Sales Price $135,000 in 1 year's time). This Option fee converts to down payment on exercising your option. If you do not exercise your option within the time of the contract you will forfeit (ie. loose) this option fee. However, a 2nd year can be put in the contract at a 5% increase in Sales Price.
You Must Apply and be approved for standard rental. A refundable Security Deposit based on application will be charged (can be as much as 2x rent).
Each month you MUST pay your full rent (not paying will get you evicted and you will not be able to live in the unit; plus you will owe damages etc. However, legally you could still buy the unit per the separate option contract.)
Each month you can choose to pay an additional amount towards your purchase.
Large 1 bed condo is tenant occupied. Excellent location near Town Centre at Aurora, with tons of shopping, malls, restaurants and parks. Close to light rail and easy access to I-255, and DIA. The open concept kitchen has stainless steel appliances and plenty of countertop space, as well as plenty of cabinets. There's a separate laundry area with full size washer and dryer. All the living spaces have nice flooring throughout. A cozy fireplace is set nicely in the living room. The adjacent sliding door lets in natural light. It opens onto a covered balcony with a view of the landscaping outside. There is a reserved outdoor parking spot. HOA dues includes water, trash, sewer and more. This property is NOT FHA warrantable, so email me if you are looking for a good lender. My mtg broker can do non-warrantable properties for 10% down. Other lenders seem to have a problem. The owner is also willing to offer an “Owner Carry” buying option with the right terms.
Location
State CO
County Arapahoe
Rooms
Main Level Bedrooms 1
Interior
Heating Baseboard
Cooling Air Conditioning-Room
Fireplaces Number 1
Fireplaces Type Living Room
Fireplace Y
Laundry In Unit, Laundry Closet
Exterior
Roof Type Unknown
Total Parking Spaces 1
Garage No
Building
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Wood Siding
Schools
Elementary Schools Axl Academy
Middle Schools East
High Schools Hinkley
School District Adams-Arapahoe 28J
Others
Senior Community No
Ownership Corporation/Trust
Acceptable Financing 1031 Exchange, Cash, Conventional, Lease Purchase, Owner Will Carry, Private Financing Available
Listing Terms 1031 Exchange, Cash, Conventional, Lease Purchase, Owner Will Carry, Private Financing Available
Special Listing Condition None
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
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