6870 Xavier Cir Unit 1, Arvada, CO 80030

$360,000
: 2
BD
: 2
BA
: 1,960
SqFt

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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

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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! 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.

(303) 522-8226

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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