14794 E 2nd #204F Aurora, CO 80011

Investor Special in Aurora - RESERVED COVERED PARKING SPOT! Location, Cash Flow, and Value-Add Potential

Opportunity knocks at 14794 E 2nd Avenue #204F - a 1-bed, 1-bath condo with 754 finished sq. ft. in the well-located Red Sky community. This unit offers immediate rental income potential and strong upside for a savvy investor willing to update and modernize. BRAND NEW FLOORING IN THE KITCHEN AND LAUNDRY
Why This Property Works as an Investment
Rental Strength: Similar 1-bed units in this neighborhood are renting in the $1,350-$1,550/month range, making this property capable of producing 6-7%+ gross yield even after factoring the affordable HOA ($345/month, covering water, sewer, trash, insurance, and snow removal).
Low Carrying Costs: Utilities are minimal with water, sewer, trash, and insurance included in HOA dues, making budgeting for rentals easier and reducing tenant complaints.
Transit Access: Just 1 block to bus service and about 5-6 blocks to the R Line Light Rail (2nd & Abilene Station), giving renters easy access to DIA, DTC, Anschutz Medical Campus, and Downtown Denver. Transit proximity increases tenant demand and long-term rental stability.

In-Unit Laundry & COVERED Reserved Parking: Highly desirable features for tenants-washer/dryer included plus one reserved space.

Why This Works as a Flip / Renovation

Strong Bones, Cosmetic Fixer: Brick and frame construction, with an efficient open floorplan (bedroom, family room, kitchen, and full bath all on one level). Most value-add here will be cosmetic-kitchen, bath, flooring, and paint-rather than expensive structural changes.

Comparable Sales: Updated 1-bed units in the area are trading well above current entry price points. Renovating this unit could position it for a 20-30% resale margin, depending on finishes.

Lifestyle Amenities: Residents enjoy an outdoor pool, low-maintenance living, and proximity to shopping, dining, and employment centers-all selling points for resale buyers.