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About the Listing gico001 - le109
Excellent investment opportunity! This Residential Assisted Living (RAL) property features **10 full bedrooms and 5 full bathrooms** and is currently leased through **March 2029**, providing immediate and predictable rental income. Current lease rate is **$8,500 per month ($102,000 annually)**. Offered at **$1,350,000**, providing an approximate **7.56% cap rate before owner-paid expenses**. Tenant is responsible for **all utilities and property maintenance**, making this an attractive low-management opportunity for a passive investor. Ideal for investors seeking stable cash flow with an established RAL operator already in place. Please do not disturb tenant. Buyer to verify all facts, figures, licensing, zoning, lease terms, and financial information.
Listing Highlights
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Central Air,Ceiling Fan(s)
- Heating: Natural Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: City Franchise
Exterior Details
- Garage Capacity: N/A
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: Free
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 210-19-614
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
26808 N 24th Ave Phoenix, AZ 85085
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