Access Date and Time
Wednesday, 09/10 at 1:30 pm
Property Overview
Denver Tech Center condo in Promontory: This 2 bed 2 bath condo at 7000 E Quincy Ave #301 has 2001 sq ft and was built in 1979. It is original and ready for you to either cleanup and relist at $350k or spend about $40k to fully remodel it and make it the best unit. Desirable floorplan including nice lanai off the living space. Master bath is 5 piece and guest bath is full, both ready for cleanup or remodel.
The headline here is the discounted price you enjoy due to the $917 HOA which covers heat, water, pool clubhouse and admittedly very nice landscaped grounds. We would have priced this $100k higher with an HOA closer to $600/month but this high HOA gives you an opening to get in low, fix it to be nicer than any other, and still exit under the least expensive remodeled comp. Gated elevator building with underground parking. Prime DTC spot with quick I-25 and I-225 access and near Southmoor light rail in the heart of DTC with garage space. Run the numbers, it leaves nice profit with cushion.
Video Walkthrough
Full cosmetic remodel including
Kitchen remodel with new cabinets, quartz, stainless
Flooring: continuous LVP in living, new carpet in beds, tile in baths
Baths: both all new, use freestanding tub and enclosed shower glass in primary
Interior paint, new switches and plates, updated light fixtures
Baseboard heat cost is included in monthly HOA.
Total Budget: $47,000
Renovated Promontory condo featuring new kitchen, baths, LVP, fresh paint, and updated lighting create a clean, modern feel. The enclosed sunroom opens to landscaped grounds and a private park with pond. Gated entry, secure, underground parking, pool, clubhouse, and quick light rail access round out the lock-and-leave lifestyle.
Promontory condo in Hampden South near DTC
2 bed, 2 bath, ~2,001 sq ft, single-level, 1979 build
Elevator building, 2 underground parking spaces, gated community, pool, clubhouse, private park with pond
Prime DTC spot with quick I-25 and I-225 access and near Southmoor light rail.
Closing is scheduled for 09/30/2025.
2 bed, 2 bath, 2001 Sqft
7000 E Quincy Avenue #216, Denver, CO 80237 Zillow
$500,000 Sold in June. 3 bed 2 bath 2,733sf, the most recent sold comp in the development. This unit is larger than subject but shows that for the right price, properties sell even with a high HOA. On this larger unit the monthly was over $1100 and ours is only $917. There are nice features included for the money.
7000 E Quincy Ave Unit 405 Zillow
Sold 1/31/2025 for $516,000. 2,391 sq ft, 2 bed, 2 bath. Promontory penthouse in same complex. Fully remodeled finish and premium floor position. This shows what top-tier Promontory product sells for.
7000 E Quincy Ave Unit 102 Zillow
Active at $480k offering $10k concessions, we have our exit ARV $80k lower than this and our subject will be a nicer product than this comp which is 1,951 sq ft, 2 bed, 2 bath. Same complex with updates but not a full high end remodel. We have priced this aggressively so you can have certainty of comfortable profitability.
7000 E Quincy Avenue Bldg E Unit 214, Denver, CO 80237 Zillow
Older comp from when HOA was $820/month but this nicely fixed up unit is the same size, copy this design and go for $475.
