Search Results for 

11717 Madison Street, Thornton, CO

Welcome to SHOWCASE.COM, the Web's most comprehensive source of commercial property data, where you can search from 900,000 listings nationwide. To see more Commercial Real Estate listings, Office Space, Industrial Space, Retail Space, Commercial Land, Multi-Family or other commercial property types, just click the button to the right.
DetailMap
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!

NOTE: ACTUAL ADDRESS TO BE RELEASED UPON SIGNED NDA

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




Share this listing

Copy and paste this HTML into your blog or web page:
<a href="http://www.showcase.com/property/11717-Madison-Street/Thornton/Colorado/10662155" target="_blank">11717 Madison Street, Thornton, CO - Commercial property</a>

Send Email
From:
To:
Subject:
Add a personalized message: (Optional)
Copyright © 1997-2018 CoStar Realty Information, Inc. All rights reserved.  |  About SHOWCASE.COM |  Advertise |  Site Map |  800-216-3234