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11717 Madison Street, Thornton, CO

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11717 Madison Street

Thornton, CO 80233-1542 - North Denver Submarket

Property Type:Health Care Sub Type:Assisted Living Status:Existing , Renov 2012 Year Built:1998
Stories:1 Typical Floor:8,664 SF Building Size:8,664 SF
For Sale Price:$3,800,000 Price/SF:$438.60
Cap Rate:9.28 %
Parking:12 Surface spaces are available; Ratio of 1.39/1,000 SF

Sale Notes:
Tremendous upside with this 30+ bed assisted living residence that has been operating since 2012. Medicaid Rates have just been increased by 25%, and an increase in private pay rates bring this opportunity from a 7.8 CAP to a 12.1 CAP!!

Typically 100% full, this operation has the efficiencies of scale, yet the feel of a home. The homes are in excellent condition, and have layouts conducive to their purposes. These homes were built specifically for assisted living, instead of being converted. Each home is a ranch style with 4332 SF per home. Up to code with all fire and life safety requirements. Each of the 11 bedrooms per house has a private bathroom, perfect if you want to convert to high end private pay. 2 car attached garages could be converted to additional bedrooms if desired. This operation is ready to take over!

We have a management company ready to run this for you, and their fees are calculated into the numbers. This can be a true 9.28% Passive Investment!


A Better Way Realty
Vern Harris
(303) 888-0078

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