About 26808 N 24th Avenue
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.
Features of 26808 N 24th Avenue
| MLS® # | 7073443 |
|---|---|
| Price | $1,350,000 |
| Square Footage | 3,540 |
| Acres | 0.20 |
| Type | Business Opportunity |
| Status | Active |
Community Information
| Address | 26808 N 24th Avenue |
|---|---|
| Subdivision | VALLEY VISTA PARCEL A AMD |
| City | Phoenix |
| County | Maricopa |
| State | AZ |
| Zip Code | 85085 |
Amenities
| Parking Spaces | 4 |
|---|---|
| Parking | Free |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Natural Gas |
|---|---|
| Cooling | Central Air, Ceiling Fan(s) |
| Fireplace | No |
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Gile Commercial Real Estate |
|---|