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26808 N 24th Ave 3,784 SF Health Care Building Offered at $1,350,000 at a 7.56% Cap Rate in Phoenix, AZ 85085
Executive Summary
Excellent investment opportunity! This Residential Assisted Living (RAL) property features **10 full bedrooms and 5 full bathrooms** and is currently leased through **March 2029**, providing immediate and predictable rental income. Current lease rate is **$8,500 per month ($102,000 annually)**. Offered at **$1,350,000**, providing an approximate **7.56% cap rate before owner-paid expenses**. Tenant is responsible for **all utilities and property maintenance**, making this an attractive low-management opportunity for a passive investor. Ideal for investors seeking stable cash flow with an established RAL operator already in place. Please do not disturb tenant. Buyer to verify all facts, figures, licensing, zoning, lease terms, and financial information.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $1,350,000 | Lot Size | 0.20 AC |
| Price Per Bed | $135,000 | Building Size | 3,784 SF |
| Sale Type | Investment | No. Beds | 10 |
| Cap Rate | 7.56% | No. Stories | 1 |
| Property Type | Health Care | Year Built/Renovated | 2005/2006 |
| Property Subtype | Assisted Living | Parking Ratio | 0.53/1,000 SF |
| Zoning | RI-8 | ||
| Price | $1,350,000 |
| Price Per Bed | $135,000 |
| Sale Type | Investment |
| Cap Rate | 7.56% |
| Property Type | Health Care |
| Property Subtype | Assisted Living |
| Lot Size | 0.20 AC |
| Building Size | 3,784 SF |
| No. Beds | 10 |
| No. Stories | 1 |
| Year Built/Renovated | 2005/2006 |
| Parking Ratio | 0.53/1,000 SF |
| Zoning | RI-8 |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 210-19-614 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $41,428 |
Property Taxes
Parcel Number
210-19-614
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$41,428
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26808 N 24th Ave