6870 Xavier #1, Arvada, CO 80030
Local realty services provided by:Better Homes and Gardens Real Estate Kenney & Company
Listed by: beth baker owens
Office: your castle real estate inc
MLS#:5437843
Source:ML
Price summary
- Price:$360,000
- Price per sq. ft.:$183.67
- Monthly HOA dues:$369
About this home
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.
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....
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Home facts
- Year built:1985
- Subdivision & Development:The Yacht Club
- Listing ID #:5437843
Rooms and interior
- Bedrooms:2
- Total bathrooms:2
- Full bathrooms:1
- Flooring:Carpet, Tile, Wood
- Kitchen Description:Dishwasher, Disposal, Oven, Range, Refrigerator
- Basement Description:Finished
- Living area:1,960 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air, Natural Gas
Structure and exterior
- Roof:Composition
- Year built:1985
- Building area:1,960 sq. ft.
- Architectural Style:Contemporary
- Construction Materials:Frame
- Exterior Features:Deck
- Foundation Description:Slab
- Levels:2 Story
Schools
- High school:Westminster
- Middle school:Tennyson Knolls
- Elementary school:Tennyson Knolls
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$360,000
- Price per sq. ft.:$183.67
- Tax amount:$3,456
Features and amenities
- Laundry features:Dryer, In Unit, Washer
- Amenities:Double Pane Windows, Window Coverings
Parking
- Garage spaces:1
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