7465 W 69th Place, Arvada, CO 80003
Local realty services provided by:ERA Shields Real Estate
7465 W 69th Place,Arvada, CO 80003
$1,649,000
- 8 Beds
- 3 Baths
- 2,600 sq. ft.
- Single family
- Active
Listed by: jonathan ghaly
Office: homesmart realty
MLS#:2478745
Source:ML
Price summary
- Price:$1,649,000
- Price per sq. ft.:$634.23
About this home
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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Home facts
- Year built:1964
- Subdivision & Development:Del Rey
- Listing ID #:2478745
Rooms and interior
- Bedrooms:8
- Total bathrooms:3
- Full bathrooms:1
- Flooring:Carpet, Tile, Vinyl
- Kitchen Description:Dishwasher, Freezer, Microwave, Range, Refrigerator
- Living area:2,600 sq. ft.
Heating and cooling
- Cooling:Evaporative Cooling
- Heating:Baseboard, Hot Water
Structure and exterior
- Roof:Composition
- Year built:1964
- Building area:2,600 sq. ft.
- Lot area:0.31 Acres
- Architectural Style:Traditional
- Construction Materials:Brick, Frame, Stucco
- Exterior Features:Barbecue, Front Porch, Private Yard
- Levels:1 Story
Schools
- High school:Arvada
- Middle school:North Arvada
- Elementary school:Secrest
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,649,000
- Price per sq. ft.:$634.23
- Tax amount:$4,087 (2023)
Features and amenities
- Laundry features:Dryer, Washer
Parking
- Total parking spaces:4
- Parking description:Concrete Driveway
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