1401 W 85th Ave Unit F201, Federal Heights, CO 80260

Property Description

SEE VISUAL TOUR WITH VOICE. This unique two-story condo is a desirable end-unit penthouse offering exceptional privacy, abundant natural light, and no unit above. The main living area features 9-foot ceilings, while both bedrooms boast vaulted ceilings, creating an open and spacious feel throughout. A convenient half bathroom is located on the main level, and built-in cabinetry on the stair landing provides excellent additional storage or a perfect bar setup. Each bedroom includes its own full bathroom and a large private balcony, offering ideal separation and comfort. Recent updates include new carpet, fresh paint, matching LG kitchen appliances, a new water heater, many updated light fixtures, and a touch-activated kitchen faucet. Additional highlights include air conditioning and a location directly next to Bell Roth Park with its lake, with Water World just down the street. This property has been a strong and reliable rental with consistent demand. The most recent tenant occupied the unit for nine years, and over the seller's ownership, the property achieved an average annual yield of approximately 6% while more than doubling in value. In 2024, the unit generated $10,861.45 in net income at $1,318 per month-an amount the seller believes was below market. With recent improvements and strong rental demand in the area, the property is well-positioned for even stronger performance moving forward. Lenders are available that may offer low-down-payment loan options and support to help streamline the process-talk to the listing agent for details.