REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Source Home Group

admin@sourceofhome.com +1(970) 528-0604

$360,000

Est. payment - /mo

2 Beds

2 Baths

1,960 SqFt

Save Virtual Tour

UPDATED:

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 1,960 sqft

Price per Sqft $183

Subdivision The Yacht Club

MLS Listing ID 5437843

Style Contemporary

Bedrooms 2

Full Baths 1

HOA Fees $369/mo

HOA Y/N Yes

Year Built 1985

Property Sub-Type Condominium

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!

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.

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.

Location

State CO

County Adams

Direction Southeast

Rooms

Basement Finished

Interior

Interior Features Ceiling Fan(s), Granite Counters, Jack & Jill Bath, Primary Suite, Smoke Free, Vaulted Ceiling(s)

Heating Forced Air, Natural Gas

Cooling Central Air

Flooring Carpet, Tile, Wood

Fireplaces Number 1

Fireplaces Type Living Room, Wood Burning

Appliance Dishwasher, Disposal, Dryer, Oven, Range, Refrigerator, Washer

Laundry In Unit

Exterior

Garage Spaces 1.0

Utilities Available Cable Available, Electricity Connected, Natural Gas Connected

Amenities Available Pool

Waterfront Description Public

Roof Type Composition

Porch Deck

Private Pool No

Building

Faces Southeast

Story Two

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Contemporary

Schools

School District Elementary: Westminster Public Schools, Middle/Junior: Westminster Public Schools, High: Westminster Public Schools

Others

HOA Fee Include Insurance,Maintenance Grounds,Maintenance Structure,Road Maintenance,Sewer,Snow Removal,Trash,Water

Senior Community No

Tax ID R0101741

Special Listing Condition None Known

Virtual Tour https://www.zillow.com/view-imx/77a70a24-e96d-4bce-90ac-53f9f4055a62?setAttribution=mls&wl=true&initialViewType=pano

Read Less Info

Listed byYour Castle Real Estate Inc

Nearby School & Business

Get More Information

Source Home Group

+1(970) 528-0604

Agent FA.100072314

6870 Xavier CIR Arvada, CO 80030

Source Home Group

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby School & Business

Get More Information