11074 W Tonto St - Assisted Livings FOR SALE


Avondale, AZ 85323- Avondale Gateway
$950,000 USD
602-686-0653
11074 W Tonto St, Avondale, AZ for Sale
$950,000 USD
Assisted Livings - FOR SALE
1/37
null | 9.5% Cap Rate

11074 W Tonto St
Avondale, AZ 85323
Avondale Gateway


HIGHLIGHTS

  • Long term tenant in place paying high monthly rent, tenant is in a 3 year lease agreement.
  • Home is brand new and was just licensed with all construction and work certified by the city and all inspections passed with the City zoning.
  • Custom floor plan including 9 bedrooms and 3 ADA bathrooms for residents plus one bonus room for the caregiver.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$317 USD /SF

CAP RATE

9.5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Assisted Livings

ADD'L SUBTYPES

Congregate Senior Housing

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R-4 10 Residents

APN/PARCEL ID

101-09-498

ASK ABOUT THIS PROPERTY

Christopher VladHomesmart International LLCMore Info
602-686-0653

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Christopher VladHomesmart International LLCMore Info
602-686-0653

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.