$230,000
1833 Williams St, Denver, CO 80218
Current Rent **
$1,725
Projected Rent **
$1,750
Estimated Cap Rate *
Pro Only
Estimated Cash on Cash ROI *
Pro Only
Long-Term Airbnb condo with 5 year proven track record
I'm looking to sell my modern condo in downtown Denver's Uptown neighborhood. The condo has been used as a long-term Airbnb rental with a 60-day minimum while commanding $1725 after Airbnb fees. It's minimal turnover work while getting the short-term premium. It's currently rented until August 5th at those rates. The location is next to 3 hospitals and within 1.5 miles of downtown so the renters are usually hospital workers on a short-term assignment or people moving to Denver and need a temp place to stay that is hip and convenient.
The space can come furnished minus the lounge chair and a few decorations, so it's turn-key investment rental.
There is free parking right outside the building and free all-day parking just half a block away. This has made renting the space at a premium easy even though a parking spot isn't included.
The HOA is $290, and it covers everything electricity and internet, running around $85 total for both. It's basically maintenance-free because the building's HOA covers everything else, so it's a predictable source of income and expenses. Over the 11 years I've lived or owned, the only thing I've replaced is the microwave, AC unit, and had a minor repair to the shower and dishwasher, maybe a total of $1800 over the decade.
I'm happy to answer any additional questions. I can be flexible with the closing date and I would like to honor the existing renter that moves in May 21 and stays until August 5.
Location:
1833 Williams St, Denver, CO 80218
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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.
** Current rent and projected rent are provided by the lister.
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