6870 Xavier Cir Unit 1, Arvada, CO 80030
- $360,000
- 2
- BD
- 2
- BA
- 1,960
- SqFt
Courtesy of Your Castle Real Estate Inc . bethbakerowens@comcast.net,303-550-2941
- List Price
- $360,000
- Type
- Condo
- Property Sub Type
- Condominium
- Status
- ACTIVE
- MLS Number
- 5437843
- Structural Style
- Contemporary
- Bedrooms
- 2
- Bathrooms
- 2
- Sqft Total
- 1,960
- Year Built
- 1985
Property Description
INVESTMENT OPPORTUNITY WITH TENANT IN PLACE! Start with an established rental generating $3,200/month—$38,400 in annual gross rent through Aug 31, 2027. Tenants pay for their utilities. NOI $29,689/yr. Cap rate 8.2. See two primary bedrooms with ensuite, updated baths. Updated kitchen, wood and tile floors, sunny loft, finished basement, full laundry, 2 patios and detached 1-car garage make this a home today's renters value. Located near bus and rail lines, trails, shopping, breweries & more. It's a quick drive to Old Town Arvada or Downtown Denver or the mountains for all the fun! The HOA, Yacht Club I, is nonwarrantable due to ongoing litigation. Cash and qualified alternative-financing buyers are encouraged to investigate available options with their lender. This quiet condo lives like a townhome. It is tenant-occupied and positioned for an investor who values existing income, an established tenancy, updated interiors and a distinctive two-primary-suite floor plan. Seller can cooperate with a buyer completing a 1031 exchange. Review the lease, HOA documents, financing options and investment numbers, then decide whether this one deserves a place in your portfolio.
Additional Information
- Tax Amount
- $3,456
- Water Source
- Public
- Sewer
- Public Sewer
- Basement Type
- Finished
- Heating
- Forced Air, Natural Gas
- Cooling
- Central Air
- School District
- Westminster Public Schools
- Elementary School
- Tennyson Knolls
- Middle Or Junior School
- Tennyson Knolls
- High School
- Westminster
- Unit Number
- 1
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