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$ 1,649,000
Est. payment | /mo
0.31 Acres Lot
$ 1,649,000
Est. payment | /mo
0.31 Acres Lot
Key Details
Property Type Commercial
Sub Type Special Purpose
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1844469
Style Traditional
HOA Y/N No
Year Built 1964
Lot Size 0.310 Acres
Acres 0.31
Property Sub-Type Special Purpose
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
Zoning Tax: Multiple Uses
Exterior
Utilities Available Cable Available, Electricity Connected, Internet Access (Wired), Phone Connected, Sewer Connected
Waterfront Description Public
Roof Type Composition
Private Pool No
Building
Lot Description Landscaped, Near Public Transit
Sewer Public Sewer
Water Public
Architectural Style Traditional
Others
Tax ID 006566
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed byHomeSmart Realty
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