7465 W 69th, Arvada, CO 80003
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7465 W 69th, Arvada, CO 80003
7465 W 69th, Arvada, CO 80003
7465 W 69th, Arvada, CO 80003
7465 W 69th, Arvada, CO 80003
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$ 1,649,000
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7465 W 69th 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

Subdivision Del Rey

MLS Listing ID IRE2478745

Bedrooms 8

Full Baths 1

Three Quarter Bath 2

HOA Y/N No

Year Built 1964

Annual Tax Amount $4,087

Tax Year 2023

Lot Size 0.310 Acres

Acres 0.31

Property Sub-Type Single Family Residence

Source ires

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

Community Del Rey

Area Metro Denver

Direction Google Maps.

Interior

Interior Features Open Floorplan

Heating Hot Water, Baseboard

Cooling Evaporative Cooling

Fireplaces Type Family Room, One

Appliance Dishwasher, Refrigerator, Washer, Dryer, Microwave, Freezer, Gas Bar-B-Q

Exterior

Parking Features Off Street

Garage Spaces 4.0

Utilities Available Electricity Available

View Y/N No

Roof Type Composition

Porch Patio

Garage Yes

Building

Lot Description House Faces South, Paved

Sewer Public Sewer

Water City

Level or Stories One

Structure Type Frame,Brick,Stucco

New Construction false

Schools

Elementary Schools Secrest

Middle Schools North Arvada

High Schools Jefferson Dist R-1

School District Jefferson Dist R-1

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional


Information and Real Estate Services (IRES)
Listed by Jonathan Ghaly
Naomi Rutkey

Naomi Rutkey

Agent

+1(970) 632-0122

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7465 W 69th