Turnkey Assisted Living
For Sale
Contact for pricing
2231 N 38th St, Phoenix, AZ 85008
Fully furnished, occupied 9-bedroom assisted living home in South Arcadia.
Property Size3,122 SF
Price / SF$640.61
Days on Market169
Property Features for 2231 N 38th St
General Information
Standard status
Active
Size
3,122 SF
Property subtype
Senior Living, Special Purpose
Zoning
R-10 - Multi Family
Investment Type
Owner/User
Building Details
Buildings
1
Stories
1
Listing Agency:
EXP Realty
(480) 766-2973
Listed By:
Jake Crawford · License #SA646424000
Source:
Crexi
Added: Feb 24
Changed: Aug 8
Last Checked: Aug 11 at 10:45AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP Realty
Investment Insights
Based on property information with market context.
This is a fully furnished and occupied, 9-bedroom, 10-bathroom assisted living home located in South Arcadia. The residence is ideally located near healthcare facilities, parks, Biltmore and Fashion Square shopping centers, and dining. The Arcadia area is known for its high quality of life. The facility is licensed through AZDHS for a maximum of 10 assisted living residents. The property features 9 fully furnished bedrooms, each with en-suite bathrooms, 2 hall bathrooms, a spacious living room, family room, laundry room, office, garage with storage, a chef's kitchen, a formal dining area, and multiple common seating areas. Outdoor features include gardens, a walking path, and a patio area. A value-add opportunity includes applying for a 16-bed certificate of occupancy with the City of Phoenix to add an additional 6 residents. Flexible management options are available. The current management team is available to stay on and continue managing operations. New owners can opt for training and a transition with the current staff. Currently operating at full occupancy, this home boasts a gross monthly income exceeding $45,000 and an annual gross income surpassing $540,000. The property size is 3,122 square feet.
Key Highlights
- Turnkey, fully furnished and occupied 9‑bedroom, 10‑bathroom assisted living home.
- Licensed through AZDHS for a maximum of 10 assisted living residents and value add opportunity to apply for 16‑bed certificate of occupancy.
- Currently operating at full occupancy with a gross monthly income exceeding $45,000 and annual gross income surpassing $540,000.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,014
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 85008, AZ
59,047
Population
24,508
Households
2.4
Avg Household Size
30
Median Age
24%
College-Educated
75%
High-School Grad
10.2 sq mi
ZIP Area
5,789
Density / Sq Mi
$61,369
Median Household Income
$36,969
Median Earnings
$1,300
Median Rent
$323,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Assisted living facility - Fully furnished, occupied 9-bedroom assisted living home in South Arcadia.
Where is this assisted living facility located?
The property is located at 2231 N 38th St Phoenix, AZ.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Turnkey, fully furnished and occupied 9‑bedroom, 10‑bathroom assisted living home.; Licensed through AZDHS for a maximum of 10 assisted living residents and value add opportunity to apply for 16‑bed certificate of occupancy.; Currently operating at full occupancy with a gross monthly income exceeding $45,000 and annual gross income surpassing $540,000.
