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(480) 332-5220
Bissing Real Estate
000 E North Phoenix Assisted Living Lane, Phoenix, AZ 85083
- $3,200,000
- 8,733
- SqFt
- Sold Price
- $3,200,000
- List Price
- $3,950,000
- Closing Date
- May 01, 2025
- Days on Market
- 157
- Status
- CLOSED
- MLS#
- 6790169
- City
- Phoenix
- Living SQFT
- 8,733
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.
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Additional Information
- Cooling
- Heat Pump
- Electric
- SRP
- Heating
- Electric
- Living Area
- 8,733
- New Financing
- Cash, SBA, Conventional
- Parking Features
- Free, Paved, Private
- Sewer
- Public Sewer
- Tenant Pays
- Exterior Repair, Sewer, Water, Trash Collection, Gas, Electricity, Fire Ins - Building, Liability Insurance, Common Area Maintenance, Capital Improvements
- Water
- City Franchise
Courtesy of eXp Realty. 888-897-7821 Selling Office: Property For You Realty.
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