Up for sale is a brand new construction home that was purchased in March of 2024 and then extensively remodeled to include 9 bedrooms, 3 bathrooms, and a bonus caregiver room with just over 3,000 sq. ft of interior living space. Bedrooms are ample size with many large enough to accommodate up to 2 residents and custom designed bathrooms allow for ease of use and resident entry. Home has brand new state of the art sprinkler system, R-4 zoning and Certificate of Occupancy issued by the city of Avondale and all work was completed by professional contractors and licensed professionals. All licensing has been completed and license has been issues with the AZDHS so all paperwork is in order.
This sale is just for the property - the home was just rented to tenants that own and operate the business. They have signed a three year lease agreement ending 02/28/2028 at a rate of $8,000/month. There is no increase in rent during the lease term however you should be able to increase the rent amount after the initial lease agreement. Tenants are responsible for all utilities, all business operations and expenses, and business liability insurance. The owner's responsibilities include the HOA ($100/mo), taxes ($300/mo), and renters insurance (Approx $150/mo). Extremely easy rental to manage with tenants already in place paying a high monthly return, this is a great investment property for someone looking for a high cash flow and easy rental to manage.