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26808 N 24TH Avenue

Phoenix, AZ 85085
  • $1,350,000
  • STATUS: Active
  • ON SITE: 12 Days
  • MLS #: 7073443
UPDATED: 209 min ago
$1,350,000
  • 0
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,540
    SQFT
  • $381
    $/SQFT
Type:
Business Opportunity
County:
Area:

School Ratings & Info

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.

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Arizona Regional MLS logo© 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Elite Home Advisors | Keller Williams Realty Phoenix. Data last updated 2026-09-13T00:13:25.57.
www.yournextphoenixhome.com/homes/180708205
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26808 N 24TH Avenue Phoenix, AZ 85085

  • Price: $1,350,000
  • Status: Active
  • On Site: 12 Days
  • Updated: 209 min ago
  • MLS #: 7073443
0
Beds
0
Baths
0
½ Baths
0.2
Acres
3,540
SQFT
$381
$/SQFT
Neighborhood:
Valley Vista Parcel A AMD
County:
Maricopa
Area:
Phoenix
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.
Exterior Features

Attached Garage YN No Construction Materials [] Covered Spaces 2 Exterior Features [] Lot Features [] Open Parking Spaces 2 Parking Features Free Road Surface Type Asphalt

Interior Features

Cooling Central AirCeiling Fan(s) Cooling YN Yes Heating Natural Gas Heating YN Yes

Property Features

Current Financing Other Disclosures None Flood Zone No Listing Terms 1031 ExchangeConventionalLease Option Property Condition [] Security Features [] Sewer Public Sewer Water Source City Franchise

Arizona Regional MLS logo Listing provided by Gile Commercial Real Estate: .


Arizona Regional MLS logo© 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Elite Home Advisors | Keller Williams Realty Phoenix. Data last updated 2026-09-13T00:13:25.57.
 
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Elite Home Advisors | Keller Williams Realty Phoenix
4862 E Baseline Rd
Mesa AZ, 85206