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Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 982 sqft
Price per Sqft $173
Subdivision Red Sky
MLS Listing ID 6933611
Bedrooms 2
Full Baths 1
Three Quarter Bath 1
Condo Fees $396
HOA Fees $396/mo
HOA Y/N Yes
Abv Grd Liv Area 982
Originating Board recolorado
Year Built 1980
Annual Tax Amount $937
Tax Year 2024
Property Sub-Type Condominium
Property Description
New Special Deal on certain units!!! (These Owners want to sell to committed tenant/future owners)
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. These extra funds would be Earnest Money and held in a separate Escrow account from your security deposit.
Do not miss out on this 2 bed. Great location close to schools, restaurants, shopping, light rail and bus. Just off 2nd and Sable and right next to the bus stop.
This property is part of a portfolio, so ask about other properties. Discounts if multiple properties are purchased together. The owner is also willing to offer an “Owner Carry” option with the right terms.
Listing Broker and Seller make no representation or warranties as to the accuracy of any information provided in the MLS listing including, but not limited to: square footage, bedrooms, bathrooms, lot size, HOA information, parking, taxes or any other data that is provided for informational purposes only. Buyer to verify all information.
Location
County Arapahoe
Rooms
Main Level Bedrooms 2
Interior
Heating Baseboard
Cooling None
Flooring Laminate,Wood
Fireplaces Number 1
Fireplaces Type Living Room
Fireplace Y
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 Jewell
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,Other,Owner Will Carry,Private Financing Available
Listing Terms 1031 Exchange,Cash,Conventional,Lease Purchase,Other,Owner Will Carry,Private Financing Available
Special Listing Condition None