About 7465 W 69th Pl
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.
Features of 7465 W 69th Pl
| MLS® # | 2478745 |
|---|---|
| Price | $1,649,000 |
| Bedrooms | 8 |
| Bathrooms | 3.00 |
| Full Baths | 1 |
| 3/4 Baths | 2 |
| Square Footage | 2,600 |
| Acres | 0.31 |
| Year Built | 1964 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Status | Active |
Community Information
| Address | 7465 W 69th Pl |
|---|---|
| Area | Arvada |
| Subdivision | Del Rey |
| City | Arvada |
| County | Jefferson |
| State | CO |
| Zip Code | 80003 |
Amenities
| Utilities | Electricity Available |
|---|---|
| Parking | Off Street |
| # of Garages | 4 |
| Garages | Off Street |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Open Floorplan |
|---|---|
| Appliances | Dishwasher, Refrigerator, Washer, Dryer, Microwave, Freezer, Gas Bar-B-Q |
| Heating | Hot Water, Baseboard |
| Cooling | Evaporative Cooling |
| Fireplace | No |
| Fireplaces | Family Room, One |
| Stories | One |
Exterior
| Lot Description | House Faces South, Paved |
|---|---|
| Roof | Composition |
| Construction | Frame, Brick, Stucco |
School Information
| District | Jefferson Dist R-1 |
|---|---|
| Elementary | Secrest |
| Middle | North Arvada |
| High | Arvada |
Additional Information
| Days on Market | 14 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Jonathan Ghaly |
|---|---|
| Office | HomeSmart Realty |