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High Cash flowing investment opportunity! Beautiful and brand new 10 bedroom Assisted Living home for the elderly with long term tenants in place through 03/28. Perfect investment opportunity priced just under a 10% Cap Rate. Home was customized for assisted living and features 9 spacious bedrooms for residents, 3 ADA bathrooms, plus a bonus room for the caregiver/staff. Home features all walk in showers, a new sprinkler system, and C of O for 10 residents. Open concept living room with a large dining room area for residents and landscaped/covered patio for residents to enjoy. The tenants own and operate the business and will remain in the home and are paying $8,000/mo for rent. Tenants responsible for all utilities. Proof of funds required - typically need at least 30% down.
- Neighborhood
- Type
- Total Baths
- CountyMaricopa
- AreaAvondale
- HOA Dues$95/mo
- Tax Amount$249
- StatusActive
- Listing #6858662
- Built2024
- Lot Size0.17
- Listed on site6 days
- Listing Agent Phone602-686-0653
- Builder NameRichmond American
Listed by:
HomeSmart Realty
Listing provided courtesy of Arizona Regional Multiple Listing Service, Inc. (ARMLS)Smart Commute Planner
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School Info
- school districtLittleton Elementary District
- elementary schoolLittleton Elementary School
- middle schoolLittleton Elementary School
- high schoolWest Point High School
Property details
Community Features
- Has HOA
- Not Age Restricted
Property Features
- New Construction
Exterior features
- Has garage
- No Pool
Interior Features
- Fire Place
Property History
| Date | Days Ago | Event | New Price |
|---|---|---|---|
| Apr 29, 2025 | 6 days ago | Price increased855,000 (90%) | $950,000 |
| Apr 29, 2025 | 6 days ago | New on market | $95,000 |
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