7465 69th Pl, Arvada, CO 80003-3411
- Assisted living facilities
- 2,600 SF
- 0.31 lot acres
Current Use by Public Records
- Manto Homes / Nursing Home / Retirement Community
Property Details for 7465 69th Pl
- Year built
- 1964
- Construction
- BRICK
- Lot size
- 0.31 lot acres
- Property type
- Assisted living facilities
- Property subtype
- Retirement homes
- APN
- 39-021-16-024
- APU
- 3902116024
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jun 30, 2021 | — | Manto Homes LLC | Manto Homes LLC | Intrafamily Transfer · related | $625k · Tbk Bank Ssb |
| Jan 9, 2019 | $750,000 | Manto Homes LLC | Care Grp At Arvada Ctr LLC | Warranty Deed | $552k · Collegiate Peaks Bk |
| Aug 31, 2018 | — | Care Group Of Northglenn LLC | — | Trustees Deed · related | $107k · Everynow Invest LLC |
| Oct 22, 2010 | — | Care Group Of Arvada Center LLC | Salem,oscar | Quit Claim Deed · related | — |
| Aug 19, 2010 | — | Care Group Of Arvada Center LLC | Salem,oscar | Quit Claim Deed · related | — |
| Mar 7, 2008 | $370,000 | Oscar Salem | 7465 West 69th Place LLC | Warranty Deed | $333k · Wells Fargo Bank |
| May 25, 2004 | — | 7465 W 69th Place LLC | Vanmeter,timothy R & Kathleen M | Grant Deed | $284k · Wells Fargo Bank |
| Jun 7, 2002 | $320,000 | Timothy R Vanmeter | Riedel,duane E | Grant Deed | $215k · Peak National Bank |
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.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $1,080,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $621,000
Market price range: $463k - $818k -
Alternative Use
- Use
- Estimation
- HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
- $670,000 Current use
- COMMERCIAL (GENERAL)
- $1,265,000 Change: +89% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $1,260,000 Change: +89% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $1,200,000 Change: +79% Conversion: Difficult
- RETAIL STORES
- $1,045,000 Change: +56% Conversion: Difficult
- OFFICE BUILDING
- $1,000,000 Change: +49% Conversion: Difficult
- MEDICAL BUILDING
- $615,000 Change: -8% Conversion: Difficult
- WAREHOUSE, STORAGE
- $550,000 Change: -18% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Arvada
- County
- Jefferson
- State
- Colorado
- Longitude
- -105.081
- Latitude
- 39.8239
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
