Share this with your friends
+17209495525
You 1st Realty
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. Recent kitchen & main-floor remodel, newer boiler(5 yrs), brand-new sewer line, newer soffits & driveway. All furniture & office supplies included. Large backyard the residents love. 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
Listings courtesy of Information and Real Estate Services, LLC as distributed by MLS GRID. 
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker of MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.