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3208 W Grandview Rd 2,934 SF Health Care Building Offered at $1,200,000 at a 14% Cap Rate in Phoenix, AZ 85053
EXECUTIVE SUMMARY
We are pleased to present an exceptional investment opportunity with this turn-key, fully furnished and occupied, 6-bedroom, 3-bathroom luxury assisted living home located in North Phoenix. This exclusive offering provides the astute investor seeking cash flow and a high cap rate.
Situated near the I-17 and Loop 101 corridors, the property blends quiet residential living with fast access to medical, retail, and dining. Residents and staff benefit from proximity to established healthcare providers, neighborhood parks, and major shopping/dining hubs across North Phoenix and the Arrowhead/Deer Valley area—supporting quality of life, staffing convenience, and family visitation.
The facility is licensed through AZDHS for a maximum of 5 assisted living residents, featuring 5 fully furnished bedrooms, 3 bathrooms; completely remodeled and upgraded interior; spacious living room; family room; laundry room; garage with ample storage; a gourmet chef’s kitchen; and common seating areas designed to promote an active, social lifestyle.
Outdoor features include manicured landscaping and a tranquil patio area ideal for relaxation and social gatherings.
New owners can receive training and transition support with existing staff to ensure a smooth takeover.
Currently operating at full occupancy, the home boasts gross monthly income exceeding $24,000 and annual gross income surpassing $288,000. Don’t miss this chance to own a thriving residential assisted living asset in North Phoenix with room for further growth and profitability. Schedule a private tour today!
Situated near the I-17 and Loop 101 corridors, the property blends quiet residential living with fast access to medical, retail, and dining. Residents and staff benefit from proximity to established healthcare providers, neighborhood parks, and major shopping/dining hubs across North Phoenix and the Arrowhead/Deer Valley area—supporting quality of life, staffing convenience, and family visitation.
The facility is licensed through AZDHS for a maximum of 5 assisted living residents, featuring 5 fully furnished bedrooms, 3 bathrooms; completely remodeled and upgraded interior; spacious living room; family room; laundry room; garage with ample storage; a gourmet chef’s kitchen; and common seating areas designed to promote an active, social lifestyle.
Outdoor features include manicured landscaping and a tranquil patio area ideal for relaxation and social gatherings.
New owners can receive training and transition support with existing staff to ensure a smooth takeover.
Currently operating at full occupancy, the home boasts gross monthly income exceeding $24,000 and annual gross income surpassing $288,000. Don’t miss this chance to own a thriving residential assisted living asset in North Phoenix with room for further growth and profitability. Schedule a private tour today!
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$288,000
|
$98.16
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$288,000
|
$98.16
|
| Taxes |
$4,041
|
$1.38
|
| Operating Expenses |
$116,000
|
$39.54
|
| Total Expenses |
$120,041
|
$40.91
|
| Net Operating Income |
$167,959
|
$57.25
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $288,000 |
| Annual Per SF | $98.16 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $288,000 |
| Annual Per SF | $98.16 |
| Taxes | |
|---|---|
| Annual | $4,041 |
| Annual Per SF | $1.38 |
| Operating Expenses | |
|---|---|
| Annual | $116,000 |
| Annual Per SF | $39.54 |
| Total Expenses | |
|---|---|
| Annual | $120,041 |
| Annual Per SF | $40.91 |
| Net Operating Income | |
|---|---|
| Annual | $167,959 |
| Annual Per SF | $57.25 |
PROPERTY FACTS
| Price | $1,200,000 | Building Size | 2,934 SF |
| Price Per Bed | $240,000 | No. Beds | 5 |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Cap Rate | 14% | Year Built/Renovated | 2005/2022 |
| Property Type |
| Price | $1,200,000 |
| Price Per Bed | $240,000 |
| Sale Type | Investment or Owner User |
| Cap Rate | 14% |
| Property Type | |
| Building Size | 2,934 SF |
| No. Beds | 5 |
| No. Stories | 1 |
| Year Built/Renovated | 2005/2022 |
ROOM MIX INFORMATION
| DESCRIPTION | NO. BEDS |
|---|---|
| - | 5 |
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3208 W Grandview Rd
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