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2231 N 38Th St Phoenix, AZ 85008

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For Sale
$2,000,000

Fully furnished, occupied 9-bedroom assisted living home in South Arcadia.

Property size:
3,122 SF
Lot size:
0.29 Acres

Property Features for 2231 N 38Th St

General Information

Standard status
Active
Zoning
R-10 - Multi Family
Size
3,122 SF
Lot size
0.29 Acres

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Listing Contact
Jake Crawford
Source: Crexi

Listing Agency: EXP Realty Listing Agent: Jake Crawford

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Turnkey Assisted Living Home

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.
Location Intelligence

Current Use by Public Records

Angel Care Home ... Disability Services

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

Estate Retirement LLC, Hospice of the Valley, Geriatric Solutions, LLC, A Vibrant Home Phoenix, Pine Towers

Location Insight

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  • Local Demand
City
Phoenix
County
Maricopa
State
Arizona
Longitude
-111.9989567
Latitude
33.4724483

FAQs

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.
More about this property
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