Phoenix, AZ 85083,0 E North Phoenix Assisted Living Lane

$3,200,000

Est. payment /mo

$3,950,000

19.0%
Est.Price: ?

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0 E North Phoenix Assisted Living Lane Phoenix, AZ 85083

SOLD DATE : 05/01/2025

Key Details

Sold Price $3,200,000

Property Type Single Family Home

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 6790169

Sold Date 05/01/25

Source Arizona Regional Multiple Listing Service (ARMLS)

Property Description

multiple common seating areas, all designed to promote an active and social lifestyle. Outdoor features boast a walking path, and a tranquil patio area ideal for relaxation and social gatherings.

The 3,607sf home features: 11 fully furnished bedrooms each with en-suite bathrooms, 1 hall bathroom, spacious living room, family room, laundry room, 400sf garage storage , a gourmet chefs kitchen, formal dining area, and a multiple common seating areas, all designed to promote an active and social lifestyle. Outdoor features boast a walking path, and a large covered patio.

Value add opportunity includes: increasing the resident rates, increasing license from 10 to 16 with City of Phoenix CofO exemption process, converting existing garages to livable square footage for large primary suite, or additional caregiver rooms.

New owners can opt for training and a smooth transition with the current staff in place, ensuring a seamless takeover of operations.

Currently operating at full occupancy, this portfolio boasts a gross monthly income exceeding $110,000 and an annual gross income surpassing $1,320,000! Don't miss this exceptional opportunity to own a thriving residential assisted living home with the potential for further growth and profitability.

Location

State AZ

County Maricopa

Interior

Heating Electric

Cooling Heat Pump

Exterior

Parking Features Paved, Private, Free

Building

Sewer Public Sewer

Water City Franchise

New Construction No

Others

Senior Community No

Tax ID 000-00-000

Acceptable Financing SBA, Conventional

Listing Terms SBA, Conventional

Financing SBA

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Arizona Regional MLS (ARMLS)
Listed by eXp Realty
Bought with Property For You Realty
agent

Rocky Mix

Realtor | License ID: SA705753000

+1(480) 764-7465

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