CO
Jefferson
Arvada
80003
7465 W 69th Place
7465 W 69th Place, Arvada, CO 80003
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Listing Type
Single Family
Listing Status
Active
25
$1,649,000

Home Details for 7465 W 69th Place

Price
$1,649,000
Type
Residential
Bedrooms
8
Total Bathrooms
3
Full Bathrooms
1
Square feet
2600
Year built
1964
Lot size acres
0.31
County
Jefferson
Total rooms
16
Days on site
1
MLS Listing#
2478745
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.

Property Features
  • Utilities
    • Natural Gas Available
    • Electricity Connected
    • Natural Gas Connected
  • Heating Information
    • Baseboard
    • Hot Water
  • House Interior
    • Laminate Counters
    • Open Floorplan
  • Cooling Information
    • Evaporative Cooling
  • Water Features
    • Public
  • Parking
    • Concrete
  • Fire Place
    • Family Room
School Information
School Information for 7465 W 69th Place, Arvada, CO 80003
Elementary School
Secrest
Middle School
North Arvada
High School
Arvada
Listing Courtesy: HomeSmart Realty - 303-858-8100
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EXIT REALTY DTC, CHERRY CREEK, PIKES PEAK
383 Inverness Parkway Suite 140, Englewood, CO 80112
Sheryll White Broker. 303 790 7200
Office
303 790 7200
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