6870 Xavier Cir 1Arvada, CO 80030
The Yacht Club · Adams County
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! 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. At this price the property will close as a short sale. Ask the agent for details. 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. Ask about loans especially for this kind of situation.
Property Information
- Property type
- Residential
- Sub-type
- Condominium
- Structure type
- Townhouse
- Year built
- 1985
- Living area
- 1,960 Sq Ft
- Garage spaces
- 1
- Days on market
- 60
- MLS® Listing#
- 5437843
Property Features
- Interior
- Cathedral Ceiling(s)
- Appliances
- Dishwasher · Refrigerator · Washer · Dryer · Disposal
- Cooling
- Central Air · Ceiling Fan(s)
- Heating
- Forced Air
- Fireplace
- Living Room
- Basement
- Partially Finished
- Parking
- Detached
- Patio
- Deck
- Lot features
- Paved
- Construction
- Frame
- Foundation
- Slab
- Roof
- Composition
- Windows
- Window Coverings
- Security
- Fire Alarm
- Community
- Pool
- Utilities
- Natural Gas Available · Electricity Available · Cable Available
- Sewer
- Public Sewer
- Water source
- Public
Rooms
Basement
- Recreation Room11x12
- Family Room12x24
Upper
- Primary Bedroom12x15
Main
- Bedroom 211x12
- Dining Room9x11
- Kitchen11x8
- Living Room17x18
Schools
- Elementary
- Tennyson Knolls
- Middle
- Tennyson Knolls
- High
- Westminster
Financial Details
- HOA
- $369 / MonthlyAssociation: Yacht Club I
- Annual taxes
- $3,456Tax year 2025
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