1BD/1BA Condo for Sale
Nicely renovated 3rd floor walk-up condo up for sale. Newer carpet and laminate flooring, side-by-side refrigerator, dishwasher, high-end washer/dryer, and water heater. Features a balcony with sliding glass door and wood-burning fireplace. Walk-in closet in the bedroom plus a good-sized hallway closet. The bathroom features a vanity area that is separate from the toilet/shower. Toilet has been replaced and the shower surround features tile.
The unit has two additional storage areas, one closet on the 3rd floor and a larger storage unit in the basement of the building. I currently rent out the basement storage to another on-site resident. She is consistent about paying me quarterly. You could continue to do the same and bolster your rental income.
My HOA fee currently includes 2 parking spaces--normally each resident only gets 1 space but I managed to get a second which is fantastic given how limited parking is at this complex.
The community has a clubhouse with an indoor pool and the association is run by a very competent company. There isn't a lot of participation in the association. I believe there are as many or more owners as renters in this complex.
Nearby is a community college, a VA administrative office, St. Anthony's Hospital, the federal center, and the Jefferson County offices. This property is a quick walk to a light rail station.
I've held this investment for over 5 years and never had a problem renting it. My current tenant is on a year-long lease that expires in October; he would like to stay in the unit.