$950,000
$1,250,000
24.0%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 06/12/2023
Key Details
Sold Price $950,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Santiago
MLS Listing ID 6545057
Sold Date 06/12/23
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1985
Annual Tax Amount $3,405
Tax Year 2022
Lot Dimensions n.a
Property Description
Looking for an exceptional investment opportunity in the assisted living sector? Look no further than this beautiful Scottsdale 10 bed assisted living facility!
Boasting an impressive net operating income of $79,115.04, this facility is a proven moneymaker, with the owner earning a steady $7,000 per month in rental income.
The property features 10 spacious and comfortable bedrooms, providing a warm and inviting environment for its residents. The current leases are below market rates, providing the potential for significant income growth for the new owner. The current lease expires on 4/30/24.
The owner of the property covers the cost of insurance, home warranty, and property taxes, ensuring a hassle-free investment experience.
Location
State AZ
County Maricopa
Community Santiago
Zoning R1-10
Interior
Heating Electric
Cooling Other
Appliance Dishwasher, Disposal, Refrigerator, WD Hookup, Microwave, BI OvenRange, WasherDryer
Exterior
Community Features Other
Waterfront No
Roof Type Tile
Total Parking Spaces 2
Garage Yes
Building
Sewer Public Sewer
Water City Franchise
Schools
School District Paradise Valley Unified District
Others
Senior Community No
Tax ID 215-67-501
Acceptable Financing Conventional, 1031 Exchange
Listing Terms Conventional, 1031 Exchange
Financing Conventional
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Bought with W and Partners, LLC
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Broker Associate | License ID: BR533751000