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James Hund

james.hund@exprealty.com +1(720) 738-6721

$ 1,649,000

Est. payment | -/mo

8 Beds

2.5 Baths

2,600 SqFt

Save

$ 1,649,000

Est. payment | -/mo

Save

8 Beds

2.5 Baths

2,600 SqFt

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

Three Quarter Bath 2

HOA Y/N No

Abv Grd Liv Area 2,600

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 recolorado

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. 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.

Location

State CO

County Jefferson

Rooms

Main Level Bedrooms 8

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

Fireplace Y

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

Exterior

Exterior Feature Barbecue, Private Yard

Parking Features Concrete

Utilities Available Electricity Connected, Natural Gas Connected

Roof Type Composition

Total Parking Spaces 4

Garage No

Building

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Brick,Frame,Stucco

Schools

Elementary Schools Secrest

Middle Schools North Arvada

High Schools Arvada

School District Jefferson County R-1

Others

Senior Community No

Ownership Corporation/Trust

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

Listed by HomeSmart Realty

NEARBY SCHOOLS & PROPERTIES

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(720) 738-6721

james.hund@exprealty.com

Denver, CO

7465 W 69th PL Arvada, CO 80003