000 E North Phoenix Assisted Living Lane

Phoenix, AZ 85083

We are pleased to present an exceptional investment opportunity with this turn key, fully furnished and occupied, 24-bedroom 25-bathroom luxury assisted living portfolio located in the sought after area of North Phoenix. This exclusive offering provides the astute investor seeking cash flow and a higher cap rate, the chance to acquire Class 'A' properties in one of the nation's most desirable communities for senior living. The two facilities are licensed through AZDHS for a maximum of 10 assisted living residents per home for a total of 20 residents. The 5,136sf home features: 13 fully furnished bedrooms each with en-suite bathrooms, 1 hall bathroom, spacious living room, family room, laundry room, 185sf 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 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.

Listing courtesy of eXp Realty.



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Data Last Update: 2024-10-30 12:00 AM UTC