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11717 Madison St
Thornton, CO 80233
30+ Bed Assisted Living Residences · Health Care Property For Sale
·
32 Beds
PROPERTY FACTS
| Property Type | Health Care | No. Beds | 32 |
| Property Subtype | No. Stories | 1 | |
| Lot Size | 0.85 AC | Year Built/Renovated | 1998/2012 |
| Building Size | 8,664 SF | Parking Ratio | 1.39/1,000 SF |
| Zoning | Multi Family | ||
| Property Type | Health Care |
| Property Subtype | |
| Lot Size | 0.85 AC |
| Building Size | 8,664 SF |
| No. Beds | 32 |
| No. Stories | 1 |
| Year Built/Renovated | 1998/2012 |
| Parking Ratio | 1.39/1,000 SF |
| Zoning | Multi Family |
ABOUT 11717 MADISON ST , THORNTON, CO 80233
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 from a 7.8 CAP to a 12.1 CAP!! (Owner Operated) 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! NOTE: ACTUAL ADDRESS TO BE RELEASED UPON SIGNED NDA
ROOM MIX INFORMATION
| DESCRIPTION | NO. BEDS |
|---|---|
| Private Pay | 8 |
| Medicaid | 24 |
PROPERTY TAXES
| Parcel Number | 1719-01-1-07-033 | Improvements Assessment | $1,497,570 |
| Land Assessment | $209,520 | Total Assessment | $1,707,090 |
PROPERTY TAXES
