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Sarah Charles

sarah.charles@engelvoelkers.com +1(720) 289-8948

$ 1,649,000

Est. payment -/mo

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7465 W 69th PL Arvada, CO 80003

8 Beds

3 Baths

2,600 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,600 sqft

Price per Sqft $634

Subdivision Del Rey

MLS Listing ID 2478745

Style Traditional

Bedrooms 8

Full Baths 1

HOA Y/N No

Year Built 1964

Lot Size 0.310 Acres

Acres 0.31

Property Sub-Type Single Family Residence

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.

Location

State CO

County Jefferson

Direction South

Interior

Interior Features Laminate Counters, No Stairs, Open Floorplan

Heating Baseboard, Hot Water

Cooling Evaporative Cooling

Flooring Carpet, Tile, Vinyl

Fireplaces Number 1

Fireplaces Type Family Room

Appliance Dishwasher, Dryer, Freezer, Microwave, Range, Refrigerator, Washer

Exterior

Exterior Feature Barbecue, Private Yard

Utilities Available Electricity Connected, Natural Gas Connected

Waterfront Description Public

Roof Type Composition

Porch Front Porch

Private Pool No

Building

Faces South

Story One

Sewer Public Sewer

Water Public

Architectural Style Traditional

Schools

School District Elementary: Jefferson County R-1, Middle/Junior: Jefferson County R-1, High: Jefferson County R-1

Others

Senior Community No

Tax ID 006566

Special Listing Condition None Known

Listed byHomeSmart Realty

NEARBY SCHOOLS & PROPERTIES

Sarah Charles

License ID: 155068371

+1(720) 289-8948

Sarah Charles

7465 W 69th PL Arvada, CO 80003

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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7465 W 69th PL