This weekend I was in a conversation with a young professional who just relocated to the Denver area from the Big Apple. She has always rented her place and her current living setup was no different. Green to Denver and three months into her lease she believed that she could not afford to buy a condo in Capitol Hill. This is a misconception that as I Realtor hear all too often. Denver city center neigborhoods do have properties priced below $150,000 — let’s look at some that are available.
Not only are there properties available in Capitol Hill but there are a bunch of NICE condos. Here’s the deal in Capitol Hill as of today — 28 available condos prices under $150,000, one-bedroom, one-bathroom, 650 square feet of living space. around half of the 28 condos available come with a reserved parking space.
Many developers have been buying these capitol hill art deco buildings and renovating the units with new finishes — new kitchen cabinets & counters, appliances, flooring, paint and bathroom fixtures. The end product tends to be clean and modern and in better condition than many rental properties. The central location is there, the updates are there and the prices — below $150,000.
Another option if space is what your searching for is to look into the units that have not been renovated. Now you won’t find the fancy, updated kitchens and bathrooms but the average square footage will be closer to 750-800 sf. Owners in these buildings update their individual units so a buyer will find a range of updates that have (or haven’t) been done from unit to unit. There are a handful of two-bedroom condos currently for sale in Capitol Hill that fall into this category.
Lastly, if you are really looking for something that will not break the bank Capitol Hill has a few condos price below $90,000! They range from studio to one-bedroom units within walking distance of the downtown business district. At this price you can’t tell me that your rent is cheapier than buying your own place?!
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