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 |
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 a long term tenant in place (5 year lease agreement) paying $8500/month (Years 1-2) $8750/month (Year 3) & $9,000/month ( Years 4-5). Tenants run and operate several other homes throughout the valley.
Completed 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. With approvals complete and no further work required, this property eliminates the usual delays, costs, and uncertainty associated with starting or expanding an assisted living business.
For investors, the financial upside is substantial. Assisted living remains one of Arizona’s strongest and most resilient markets, with consistent demand across Phoenix. With typical revenue ranging from $3,000–$4,500+ per resident per month, this home can generate $30,000–$45,000+ in gross monthly income at full occupancy.
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.