7465 W 69th Place

Arvada, CO 80003
Square Ft.
2,600
$1,649,000
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).Read MoreRead Less
Market LogoCourtesy of HomeSmart Realty [email protected]
Listing Snapshot
Days Online
14
Last Updated
Property Type
Special Purpose
Square Ft.
2,600
Lot Size
0.31 Acres
Year Built
1964
MLS Number
1844469
30 Days Snapshot Of 80003
$500k
-7%
(avg) sold price
23
-28%
homes sold
82
+46%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Frontage Type: Public, Road Responsibility: Public Maintained Road, Road Surface Type: Paved
Building
Architectural Style: Traditional, Building Name: Manto Homes, Construction Materials: Brick, Frame, Stucco, Effective Year Built: 1964, Features: On Site Management, Occupant Type: Tenant, Stories: 1, Total Area: 2600, Unit Count: 7, Unit Types: Array, Array, Array, Array, Array, Array, Array, Built in 1964, 12 total units, 1 vacant unit
Disclosures
Exclusions: Residents' and staff's personal belongings.
Expenses
Operating Expense Includes: Accounting, Advertising, Cable TV, Insurance, Internet, Maintenance, Personal Property Tax, Professional Management, Real Estate Tax, Staff, Utilities, Workmans Compensation, Operating Expense: $350,089, Projected Annual Expense: $350,869
Home Owner's Association
Association Fee Total Annual: $0, Association Fee Annual: 0.00, Association Fee 2 Annual Expense: 0.00, Association Fee 3 Annual Expense: 0.00
Income
Actual Annual Net Income: 165000.00, Gross Income: $515,089, Projected Annual Net Income: $211,046, Projected Gross Income: $561,915
Lot
Acres: 0.31, Area: 0.31, Features: Landscaped, Near Public Transit, Parcel Number: 006566, Square Feet: 13503.6
Energy Saving
Green Verification Count: 0
Parking
Parking Total: 4, Carport Spaces: 0, Offstreet Spaces: 4, Reserved Spaces: 0, RV Spaces: 0, Parking Count: 1, Features: Concrete
Property
Current Use: Day Care, Property Sub Type: Special Purpose, Zoning: Tax: Multiple Uses
Roof
Roof: Composition
Security Features
Features: Carbon Monoxide Detector(s), Fire Alarm, Fire Sprinkler System, Panic Alarm, Smart Cameras, Smoke Detector(s)
Sewer
Sewer: Public Sewer
Taxes
Annual Amount: 4087, Legal Description: SECTION 02 TOWNSHIP 03 RANGE 69 QTR NE SUBDIVISIONCD 202400 SUBDIVISIONNAME DEL RAY BLOCK 003 LOT 0002 SIZE: 4494 TRACT 00B VALUE: .103 SECTION 02 TOWNSHIP 03 RANGE 69 SUBDIVISIONCD 202400 SUBDIVISIONNAME DEL RAY BLOCK 003 LOT 0003 SIZE: 8870 TRACT 0 0A VALUE: .204, Tax Year: 2023
Tenant Pays
Tenant Count: 0
Utilities
Power Production Count: 0, Utilities: Cable Available, Electricity Connected, Internet Access (Wired), Phone Connected, Sewer Connected, Water Included, Water Source: Public
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Listings courtesy of METROLIST, INC., DBA RECOLORADO® as distributed by MLS GRID, based on information submitted to the MLS GRID as of . Information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may be listed or sold by various participants in the MLS, who may not be the office/agent presenting the information.