10838 W San Juan Ave - San Juan Assisted Living 3,163 SF Health Care Building Offered at $995,000 at a 9.50% Cap Rate in Phoenix, AZ 85037

Gated Community in Phoenix AZ | 2020 Custom Build | 10-Resident Capacity | 9 Bedrooms | 4 ADA Roll-In Bathrooms + Additional 1/2 Bath | Bonus Caregiver Room/Office
$105,000/year gross rental income with 3-5 years remaining on lease agreement.
Real Estate only for sale, home is leased to operators who signed a 3 year lease agreement with the option to extend an additional two years. License is approved by the AZDHS to operate for up to 10 Residents. Operators have signed at $8500 per month for years 1-2, $8750 per month for year 3, and $9,000 per month for years 4-5. Tenants are responsible for all utilities, the HOA payment, the solar payment, yard maintenance and any minor repairs. Tenants also maintain business liability insurance. Owner is only responsible for mortgage, property taxes ($4200/yr), and property insurance.
Experience a rare opportunity to own a newly built, fully licensed assisted living home that blends luxury design, comfort, and exceptional investment potential. This property delivers high-end living for residents and strong, stable returns for investors. With every detail crafted for safety, elegance, and operational efficiency, this home is truly turnkey and is being sold with the license to operate the home for up to 10 residents which saves you months of construction and licensing to start business immediately.
Remodeled in 2025 and customized for assisted living, the home features more than 3,000 sq. ft. of living space. Residents benefit from nine spacious bedrooms & 4 ADA-compliant bathrooms plus an additional half bath. A dedicated caregiver room or office adds convenience and helps ensure attentive care is always available. Professional craftsmanship, elevated finishes, and an open-flow layout create a warm, inviting, and premium living environment.
The home holds an active AZDHS Assisted Living License for up to 10 residents, R-4 zoning with the City of Phoenix, & Certificate of Occupancy in hand. It is equipped with a brand-new fire sprinkler system and underwent all construction and upgrades through licensed contractors. Tenants own and operate the business license.
What truly sets this property apart is its warm and inviting floor plan and brand new modern living. Like many luxury assisted living homes, this residence emphasizes comfort, privacy, and a residential ambiance over an institutional one. The home’s elevated design, wide hallways, accessible layout, and oversized private rooms create an environment that residents and families deeply appreciate. This level of comfort and attention to detail gives operators a competitive advantage in attracting and retaining long-term residents seeking higher-quality care.
This property represents a rare opportunity to acquire a high-end, newly built, fully licensed assisted living home in one of Arizona’s fastest-growing care markets. Whether you’re an investor looking for reliable passive income or an operator seeking a refined, ready-to-open property, this home offers immediate cash flow, long-term stability, and exceptional growth potential.
For financial details, availability, or a private tour, please contact us today.