26808 N 24TH Avenue, Phoenix, AZ 85085
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26808 N 24TH Avenue, Phoenix, AZ 85085
26808 N 24TH Avenue, Phoenix, AZ 85085
26808 N 24TH Avenue, Phoenix, AZ 85085
26808 N 24TH Avenue, Phoenix, AZ 85085
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$ 1,350,000
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26808 N 24TH Avenue Phoenix, AZ 85085

8,776 Sqft Lot


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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Subdivision Valley Vista Parcel A Amd

MLS Listing ID 7073443

Lot Size 8,776 Sqft

Acres 0.2

Source Arizona Regional Multiple Listing Service (ARMLS)

Property Description

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.

Location

State AZ

County Maricopa

Community Valley Vista Parcel A Amd

Area Maricopa

Direction From I-17, exit at Happy Valley Rd and head west. Turn north on N 23rd Ave, west on W Desert Hills Dr, then north on N 24th Ave. Property will be on your left.

Interior

Heating Natural Gas

Cooling Central Air, Ceiling Fan(s)

Flooring Flooring

Exterior

Parking Features Free

Private Pool No

Building

Sewer Public Sewer

Water City Franchise

New Construction No

Others

Senior Community No

Tax ID 210-19-614

Acceptable Financing 1031 Exchange, Conventional, Lease Option

Disclosures None

Listing Terms 1031 Exchange, Conventional, Lease Option


Arizona Regional MLS (ARMLS)
Listed by Gile Commercial Real Estate • Luis Espinoza
Shelley Sakala

Shelley Sakala

Team Lead/Realtor® License ID: SA550512000

+1(602) 421-2324

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26808 N 24TH Avenue