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Megastar Realty
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
- Status
- ACTIVE
- MLS Number
- 5437843
- Bedrooms
- 2
- Bathrooms
- 2
- Finished Sqft
- 1,960
- Subdivision
- The Yacht Club
- 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! 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.
Additional Information
- Taxes
- $3,456
- School District
- Westminster Public Schools
- Elementary School
- Tennyson Knolls
- Middle School
- Tennyson Knolls
- High School
- Westminster
- Parking Spaces
- 1
- Style
- Contemporary
- Basement
- Finished
- Total HOA Fees
- $369
- HOA Frequency
- Monthly
- Fee Includes
- Insurance, Maintenance Grounds, Maintenance Structure, Road Maintenance, Sewer, Snow Removal, Trash, Water
- Type
- Condominium
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