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6870 Xavier Cir 1Arvada, CO 80030

The Yacht Club · Adams County

$327,600List price
2Beds
1.75Baths1 full, 1 three-quarter
1,960Sq Ft
1985Year built
1Garage
8 weeks agoOn market

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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