1700 Bassett ST #823 Active Save Request In-Person Tour Request Virtual Tour
Denver,CO 80202
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 665 sqft
Price per Sqft $684
Subdivision Glass House
MLS Listing ID 2032190
Style Contemporary
Bedrooms 1
Full Baths 1
Condo Fees $495
HOA Fees $495/mo
Year Built 2005
Annual Tax Amount $2,467
Tax Year 2024
Property Sub-Type Condominium
Property Description
Turnkey Investment in the Glass House – Denver's Premier High-Rise
Own a performing asset in one of Denver's most desirable buildings. This fully furnished 1-bedroom-ish, 1-bath condo in the Glass House comes with a long-term tenant in place at $2,400/month through 12/31/2025, with renewal interest expressed. Investors can step directly into stable income with no vacancy risk.
Located on the amenity-rich 8th floor, this property provides direct access to the pool deck, fire pit, grills, lounges, business center, and fitness center. The unit features stainless appliances, granite counters, hardwood flooring, an office nook, a large balcony, in-unit laundry, and a deeded parking space in the secured garage.
The Glass House remains a top rental destination with 24-hour security, concierge, coffee bar, and proximity to Union Station, LoDo dining, and Commons Park. With a Walk Score of 85 and unmatched community amenities, tenant demand is consistently strong.
This offering is ideal for investors seeking a stabilized asset with upside in both rent appreciation and long-term value growth in Denver's Riverfront Park neighborhood.
Investor Numbers: List Price: $455,000; Current Rent: $2,400/month = $28,800/year; HOA: $495.94/month = $5,951/year;
Taxes: $2,467/year; Insurance (est.): $400/year (condo, since master policy covers building); Total Operating Expenses (excl. financing): ˜ $8,818/year; Net Operating Income (NOI): $28,800 – $8,818 = $19,982/year
Cap Rate: $19,982 ÷ $455,000 ˜ 4.4%
Location
State CO
County Denver
Zoning PUD
Interior
Heating Forced Air
Cooling Central Air
Flooring Carpet,Tile,Wood
Laundry In Unit
Exterior
Exterior Feature Barbecue,Elevator,Fire Pit,Garden,Gas Grill,Lighting
Parking Features Concrete,Heated Garage,Insulated Garage,Lighted,Underground
Garage Spaces 1.0
Fence Partial
Pool Outdoor Pool
Utilities Available Electricity Connected,Internet Access (Wired),Natural Gas Connected
Roof Type Rolled/Hot Mop
Building
Sewer Public Sewer
Water Public
Structure Type Brick,Concrete,Frame
Schools
Elementary Schools Greenlee
Middle Schools Strive Westwood
High Schools West
School District Denver 1
Others
Acceptable Financing 1031 Exchange,Cash,Conventional
Listing Terms 1031 Exchange,Cash,Conventional
Special Listing Condition None
Pets Allowed Cats OK,Dogs OK
Virtual Tour https://www.zillow.com/view-imx/70d325ea-57eb-4cbc-bd3b-06a5f80ec20d?setAttribution=mls&wl=true&initialViewType=pano