Micro units are a new trend in Denver. The Circa West building on Colfax and Vrain is a revamped old motel that has been converted into micro condos. They are offering three different floor plans: a 372 sq ft studio for $165K, 469 sq ft studio for $180K, and 715 sq ft 1 bedroom for $330K. We calculated the PITI for the purchase price of $190,000. With 5% down at 3.8% interest rate, plus HOA dues each month, the estimated cost would be $1,400/month. Tune-in our IG stories on Wednesday for a tour!
You can also rent micro-units. 5280 published an article about micro-apartments. In the article, they featured the new RIDE building in RiNO. There are 84 units in a five-story complex. The micro-apartments range in size from 369 square feet to 849 square feet of flexible live-work space. Rent for these units start at $1,239 and go to $1,899 per month.
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