4739 E Lewis Ave - 20 unit South Arcadia Assisted Living
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4739 E Lewis Ave - 20 unit South Arcadia Assisted Living
8,163 SF Health Care Building Offered at £3,787,200 at a 18.75% Net Initial Yield in Phoenix, AZ 85008
Investment Highlights
- New Construction
- A+ custom assisted living floor plans
- large covered patios
- 11 bedrooms & 12 bathrooms per home, for a total of 22 bedrooms & 24 bathrooms for the portfolio
- En suite private bedrooms
Executive Summary
Rare opportunity to own a beautiful New Construction luxury assisted living portfolio in South Arcadia! Brand new construction, this 23 unit portfolio consists of Two 10 bedroom homes and One 3 bedroom home! Current gross income is over $90,000/mo!
Financial Summary (Pro forma - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£948,012
|
£116.14
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£948,012
|
£116.14
|
| Taxes |
-
|
-
|
| Operating Expenses |
£404,485
|
£49.55
|
| Total Expenses |
£404,485
|
£49.55
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro forma - 2023)
| Gross Rental Income | |
|---|---|
| Annual | £948,012 |
| Annual Per SF | £116.14 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £948,012 |
| Annual Per SF | £116.14 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | £404,485 |
| Annual Per SF | £49.55 |
| Total Expenses | |
|---|---|
| Annual | £404,485 |
| Annual Per SF | £49.55 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | £3,787,200 | Lot Size | 0.56 AC |
| Price Per Bed | £189,360 | Building Size | 8,163 SF |
| Sale Type | Investment or Owner User | No. Beds | 20 |
| Net Initial Yield | 18.75% | Number of Floors | 1 |
| Property Type | Health Care | Year Built | 2021 |
| Property Subtype | Assisted Living |
| Price | £3,787,200 |
| Price Per Bed | £189,360 |
| Sale Type | Investment or Owner User |
| Net Initial Yield | 18.75% |
| Property Type | Health Care |
| Property Subtype | Assisted Living |
| Lot Size | 0.56 AC |
| Building Size | 8,163 SF |
| No. Beds | 20 |
| Number of Floors | 1 |
| Year Built | 2021 |
Room Mix Information
| Description | No. Beds |
|---|---|
| - | 20 |
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zoning
| Zoning Code | Residential |
| Residential |
-
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4739 E Lewis Ave - 20 unit South Arcadia Assisted Living
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