High Cash flowing investment opportunity! Beautiful and brand new 10 bedroom Assisted Living home for the elderly with long term tenants in place through 03/28. Perfect investment opportunity priced just under a 10% Cap Rate. Home was customized for assisted living and features 9 spacious bedrooms for residents, 3 ADA bathrooms, plus a bonus room for the caregiver/staff. Home features all walk in showers, a new sprinkler system, and C of O for 10 residents. Open concept living room with a large dining room area for residents and landscaped/covered patio for residents to enjoy. The tenants own and operate the business and will remain in the home and are paying $8,000/mo for rent. Tenants responsible for all utilities. Proof of funds required - typically need at least 30% down.
Accepting backups
Price cut: $50K (6/10)
$900,000
11074 W Tonto St, Avondale, AZ 85323
9beds
3baths
3,093sqft
Est.:
Single Family Residence
Built in 2024
7,560 Square Feet Lot
$-- Zestimate®
$291/sqft
$95/mo HOA
What's special
New sprinkler systemAda bathroomsCustomized for assisted livingAssisted living homeSpacious bedroomsWalk in showersLarge dining room area
- 115 days
- on Zillow |
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