7465 W 69th PlaceArvada, CO 80003
Jefferson County
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.
Property Information
- Property type
- Commercial Sale
- Style
- Traditional
- Year built
- 1964
- Building area
- 2,600 Sq Ft
- Lot size
- 0.31 acres
- Parking spaces
- 4
- Zoning
- Tax: Multiple Uses
- Days on market
- 61
- MLS® Listing#
- 1844469
Property Features
- Parking
- Concrete
- Lot features
- Landscaped · Near Public Transit
- Construction
- Brick · Frame · Stucco
- Roof
- Composition
- Security
- Smoke Detector(s) · Carbon Monoxide Detector(s) · Fire Alarm · Fire Sprinkler System · Panic Alarm
- Utilities
- Cable Available · Electricity Connected · Phone Connected · Sewer Connected
- Sewer
- Public Sewer
- Water source
- Public
Financial Details
- Annual taxes
- $4,087Tax year 2023
- Parcel number
- 006566
Listing Courtesy: HomeSmart Realty - jonathanghaly@gmail.com
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PUBLISHER'S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.METROLIST, INC. will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.
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