2231 N 38Th St Phoenix, AZ 85008

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.