7465 W 69th Place, Arvada, CO 80003
- $1,649,000
- 8
- BD
- 3
- BA
- 2,600
- SqFt
Courtesy of HomeSmart Realty . jonathanghaly@gmail.com
- List Price
- $1,649,000
- Type
- Single Family Residential
- Property Sub Type
- Single Family Residence
- Status
- ACTIVE
- MLS Number
- 2478745
- Architectural Style
- Traditional
- Structural Style
- Traditional
- Bedrooms
- 8
- Bathrooms
- 3
- Sqft Total
- 2,600
- Neighborhood
- Del Rey
- Year Built
- 1964
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.
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Additional Information
- Lot Size Acres
- 0.31
- Lot Size Sq Ft
- 13,503
- Tax Amount
- $4,087
- Tax Year
- 2023
- Exterior Features
- Barbecue, Private Yard
- Sewer
- Public Sewer
- Flooring
- Carpet, Tile, Vinyl
- Heating
- Baseboard, Hot Water
- Cooling
- Evaporative Cooling
- Fireplace Features
- Family Room
- School District
- Jefferson County R-1
- Elementary School
- Secrest
- Middle Or Junior School
- North Arvada
- High School
- Arvada
- Parking Total Searchable
- 4
- Parking Features
- Concrete
Mortgage Calculator
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