1700 Bassett Street 823

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%

Listing Office: RE/MAX Professionals