Berkeley 2 BD/2BD Condo Lakeview

$225,000 • 2 Beds / 2 Baths • 873 SqFt
Offer Submission Deadline
  • Condo
  • 2
  • 2
  • 1970
  • 873
  • 873

Description

Address: 3047 W 47th Ave, Apt 511, Denver, CO 80211

‎ ‎‎ 

This 2 bed / 2 bath condo at 3047 W 47th Ave, Unit 511 sits on the 5th floor with direct views of Rocky Mountain Lake—a premium location in the building. The unit is dated and ready for a full cosmetic renovation, offering strong upside.

Located in Denver’s Berkeley neighborhood, steps from the lake, near Tennyson Street, and just minutes from Regis University. HOA is $300/month, covering shared systems and building maintenance.

Estimated market rent: ~$2,100/month. Rare view unit with great bones—perfect for a flip or rental in a high-demand area.


The Deal


Asking $215,000 or Buy-It-Now $225,000
  • Accepting offers through Wed 5/28th. The best offer will be selected if Buy it Now is not offered
  • Earnest money of $10,000 holds the deal (submitted to Chicago Title, non-refundable)
  • Closing 6/12/2025 or Sooner


The Comps


Estimated ARV $310k


The Details


  • Basic info: 2 bed / 2 bath/ 873 sq. ft.
  • Basement status: N/A
  • Cosmetics: Dated
  • Mechanicals: Shared systems in building
  • HOA: $300/mo
  • Parking: 1 Spot
  • Occupancy: Vacant
  • Closing Date: 6/12/25 or Sooner

Estimated Spread

  • ARV $310,000
  • Price $215,000
  • Spread $95,000