7465 W 69th Pl, Arvada, CO 80003
- $1,649,000
- 8
- BD
- 3
- BA
- 2,600
- SqFt
Listing courtesy of Jonathan Ghaly.
jonathanghaly@gmail.com
- List Price
- $1,649,000
- Status
- ACTIVE
- MLS#
- 2478745
- Subtype
- Residential
- Year Built
- 1964
- Bedrooms
- 8
- Bathrooms
- 3
- Full Baths
- 1
- Living Area
- 2,600
- Acres
- 0.31
- Subdivision
- Del Rey
- Neighborhood
- Metro10/JNC
- MLS Area Major
- Metro Denver
Property Description
Excellent cashflowing 12-bed assisted living home in Arvada: the only ALR currently for sale in the metro area. Clean, caring, established culture with long-tenured residents & staff(paid $21/hr). Currently operating with 11 of 12 licensed beds filled, an NOI of $13,750/mo(10% cap rate); an owner-operator could make $19,000/mo NOI ($232K/yr). Filling the 12th bed projects to $17,600/mo with management or $23,500/mo ($282K/yr) owner-operated. This is a *turn-key* 8bdrm/3ba one-level 2600sf ranch. Real estate & business are included, retain the experienced staff & administrator! Most residents participate in Medicaid/InnovAge (PACE), providing consistent program-based income. Large backyard for room to build out: home could be licensed for 14 beds as-is, or 16 beds w/ an expansion for major value-add. Recent kitchen & main-floor remodel, newer boiler(5 yrs), brand-new sewer line, newer soffits & driveway. All furniture & office supplies included. 10,000 Baby Boomers are turning 80 each day in the U.S. through 2044: do good while generating meaningful income. Assisted living is in high, long-term demand while being a recession-resistant cashflow investment. Do not approach the home. Showings are through listing agent once buyer is pre-approved, provides proof of funds, and demonstrates serious intent to purchase. PLEASE read "ALF Buyer's Fact Guide" on Medicaid/InnovAge ALF operations in MLS Supplements before contacting the agent.
Additional Information
- Interior Features
- Open Floor Plan
- Taxes
- $4,087
- Appliances
- Dishwasher, Refrigerator, Washer, Dryer, Microwave, Freezer, Gas BBQ
- Heating
- Hot Water, Baseboard
- Air Conditioning
- Evaporative Cooling
- Levels
- One
- Roof
- Composition
- Parking Features
- Off Street
- Garage Spaces
- 4
- School District
- Jefferson Dist R-1
- Elementary School
- Secrest
- Middle School
- North Arvada
- High School
- Arvada
Mortgage Calculator
The data relating to real estate for sale on this web site comes in part from Information and Real Estate Services, LLC under IRES Rules © Copyright IRES, and is provided for limited non-commercial use. Information is provided exclusively for consumers' personal use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are included in this site and detailed information about them includes the name of the listing brokers. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items.Information deemed reliable but not guaranteed by the MLS
Listing data last updated: