7465 69th Pl Arvada, CO 80003-3411

Property Details for 7465 69th Pl

Year built

1964

Construction

BRICK

Lot size

0.31 lot acres

Property size

2,600 SF

Property type

Assisted living facilities

Property subtype

Retirement homes

APN

39-021-16-024

APU

3902116024

Description

This exceptional, stabilized assisted living facility in Arvada, Colorado presents a rare investment opportunity. The property, built in 1964 and renovated in 2010, boasts 2,600 square feet on a 0.31-acre lot. Currently operating with 12 units (8 bedrooms), it enjoys a 75% occupancy rate, generating a Net Operating Income (NOI) of $74,002. Pro-forma projections indicate a significant increase in NOI to $126,321, and a cap rate of 10.31%. The asking price is $1,225,000, translating to $471.15 per square foot and $102,083 per bed. The single-story building features a recently remodeled kitchen and main floor, a newer boiler (installed within the last four years), updated soffits, and a recently repaired driveway. All furniture and office supplies are included in the sale. The property is licensed and currently houses 10 residents, generating a monthly net income of $10,500 under management. An owner-operator could potentially net $196,000 annually. The large backyard offers potential for expansion, allowing for an increase in the number of licensed beds. The property's location in Arvada, coupled with the high demand for assisted living facilities, ensures a strong and stable cash flow for years to come. This turnkey operation includes existing staff and administrator. Most residents are Medicaid recipients, providing a reliable income stream.

Location Insight

City

Arvada

County

Jefferson

State

Colorado

Longitude

-105.081

Latitude

39.8239

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments