6201 West INDIANOLA Avenue Phoenix, AZ 85033

$485,000
8
Beds
3
Baths
0.18
Acres
2,459
SQFT
197
$/SQFT
$485,000
8
Beds
3
Baths
2,459   sf
$197 / sf
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Welcome to an exceptional opportunity for group home, sober living, and assisted living home operators! This fully-furnished 8 bedroom/3 bathroom residence is tailor-made for your next turnkey investment venture. Recently renovated, this property boasts thoughtful enhancements, including an expanded dining area featuring an additional refrigerator and cabinets, designed specifically to cater to increased bedroom capacity. Brand new 5 ton HVAC and ductwork installed 2023 which means proper and efficient airflow for every single bedroom. Currently, the individually leased bedrooms are commanding a total rental income of approximately $6000, yielding an impressive 10% cap rate. Detailed income and expense breakdowns are available upon inquiry through our dedicated listing agent.Convenience is key here, with parking space for up to 4 vehicles in the driveway and 4 exterior access points, creating an ideal setup for multiple tenants while ensuring ease of accessibility.Seize this opportunity to step into a thriving investment with a property that not only offers immediate returns but also holds vast potential for further growth and revenue. Don't miss outreach out to our listing agent today for comprehensive details and to explore the boundless potential of this income-generating gem.

Welcome to an exceptional opportunity for group home, sober living, and assisted living home operators! This fully-furnished 8 bedroom/3 bathroom residence is tailor-made for your next turnkey investment venture. Recently renovated, this property boasts thoughtful enhancements, including an expanded dining area featuring an additional refrigerator and cabinets, designed specifically to cater to increased bedroom capacity. Brand new 5 ton HVAC and ductwork installed 2023 which means proper and efficient airflow for every single bedroom. Currently, the individually leased bedrooms are commanding a total rental income of approximately $6000, yielding an impressive 10% cap rate. Detailed income and expense breakdowns are available upon inquiry through our dedicated listing agent.Convenience is key here, with parking space for up to 4 vehicles in the driveway and 4 exterior access points, creating an ideal setup for multiple tenants while ensuring ease of accessibility.Seize this opportunity to step into a thriving investment with a property that not only offers immediate returns but also holds vast potential for further growth and revenue. Don't miss outreach out to our listing agent today for comprehensive details and to explore the boundless potential of this income-generating gem.

  • Neighborhood
  • Type
  • Total Baths
  • County
    Maricopa
  • Area
    Phoenix
  • Tax Amount
    $1,211
  • Status
    Active
  • Listing #
    6944044
  • Built
    1958
  • Lot Size
    0.18
  • Listed on site
    208 days
  • Listing Agent Phone
    602-391-7534
  • Builder Name
    Unknown

Listed by:
My Home Group Real Estate

mls source logo Listing provided courtesy of Arizona Regional Multiple Listing Service, Inc. (ARMLS)
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Property details

Community Features

  • No HOA
  • Not Age Restricted

Exterior features

  • No Pool
  • Patio

Style

  • Ranch / One Story

Property History

DateDays AgoEventNew Price
Mar 27, 20262 mos agoPrice decreased14,000 (3%)$485,000
Nov 10, 20257 mos agoPrice decreased1,000 (0%)$499,000
Nov 6, 20257 mos agoNew on market$500,000
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