Betty Ann Woodland - Coldwell Banker Distinctive Properties
11255 Grant Drive
Northglenn, CO 80233

$3,800,000

Description

THERE ARE 2 HOMES IN THIS SALE, 11255 & 11275 GRANT DR. Tremendous upside with this 32 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 to attractive numbers! 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 STEP IN, MAKING THIS A PASSIVE INVESTMENT OPPORTUNITY!

Details

MLS#1899925
StyleIndustrial
Sub-TypeResale
StatusActive
Year1998
Days On Site85

Features

SQ Feet4,332
Story(s)1
Units2
ZoningMulti-Unit 9+ Unit

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Area Information

StateCO
CountyAdams
CityNorthglenn
Zip Code80233
AreaAdams
Listing VS Median (in 80233)
Price:
$3,800,000
low | high
Med:
$340,000
100% of Average
SqFt:
4,332
low | high
Med:
1,928
100% of Average
$ / SqFt:
$877
low | high
Med:
$186
100% of Average
On Site:
85
low | high
Med:
49
100% of Average
Listing Updated: 08/15/2018
MLS Number: 1899925
Listing Provided By:
Vern Harris  of  A Better Way Realty
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