NORTH SCOTTSDALE OVER 16% CAP TURN KEY - NORTH SCOTTSDALE PREMIER 10 BED
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NORTH SCOTTSDALE OVER 16% CAP TURN KEY - NORTH SCOTTSDALE PREMIER 10 BED
5,929 SF Health Care Building Offered at £2,172,527 at a 16.58% Net Initial Yield in Scottsdale, AZ 85266
Investment Highlights
- STRONG BUSINESS- 10 PRIVATE ROOMS
- NORTH OF THE 101 FREEWAY & SCOTTSDALE ROAD
- STRONG NEIGHBORHOOD COMPARABLE SALES
- NORTH SCOTTSDALE LOCATION
- APPROVED CITY OF SCOTTSDALE SIGNAGE OUT FRONT
- CUSTOM HOME ON OVER 2 ACRE LOT
Executive Summary
PREMIER NORTH SCOTTSDALE ASSISTED LIVING HOME (LICENSED FOR 10 & FULL) has been in business for nearly TWO DECADES. Nearly 6,000 square feet of livable space makes this the BEST ACTIVE ASSISTED LIVING HOME OPPORTUNITY ON THE MARKET. Quick stats: CURRENTLY FULL, 10 PRIVATE BEDROOMS (some with fireplace, private entrance/exit and ensuite), 6 BATHROOMS, 5929 SQ FT, OVER 2 ACRE LOT, 3 PLUS FIREPLACES, CENTRAL VACUUM, WET BAR, FIRE SPRINKLERS, CUSTOM CABINETRY, COMMERCIAL 6 BURNER RANGE + GRIDLE & STAINLESS COMMERCIAL HOOD, GREAT FLOOR PLAN, NO HOA, NORTH/SOUTH EXPOSURE, with an average NEIGHBORHOOD home value exceeding $3M, this is a TURN KEY BUSINESS OPPORTUNITY. MONTHLY NET INCOME $38,000. CURRENT RENT AMOUNTS: $10,000, $5500, $5,500, $5,500, $7,500, $5,000, $5,500, $5,000, $5,500 RECENT UPDATES: INTERIOR PAINT, NEW CARPET, NEW WATER HEATER, and BATHROOM RENOVATIONS. *SPECIAL NOTE: ALL INTERESTED PROSPECTS WILL NEED TO PROVIDE PROOF OF FUNDS (35% OF LIST PRICE in cash reserves) and a NON-DISCLOSURE AGREEMENT prior to our office being able to discuss this home in more detail. NON-DISCLOSURE AGREEMENT can be found by viewing CONTACT US at www.investinretirementcommunities.com and filling out the CONTACT US form. Once submitted, the system will send you a fillable NDA to the email address provided.
*DUE TO THE PRIVACY OF OUR SELLERS and HIGH CALL VOLUME, PLEASE ENSURE YOUR NDA and POF are on file prior to inquiring. We look forward to sharing and working with you!
*DUE TO THE PRIVACY OF OUR SELLERS and HIGH CALL VOLUME, PLEASE ENSURE YOUR NDA and POF are on file prior to inquiring. We look forward to sharing and working with you!
Sale Flyer
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | $99,999 | $9.99 |
Other Income | - | - |
Vacancy Loss | - | - |
Effective Gross Income | $99,999 | $9.99 |
Taxes | $99,999 | $9.99 |
Operating Expenses | $99,999 | $9.99 |
Total Expenses | $99,999 | $9.99 |
Net Operating Income | $99,999 | $9.99 |
Financial Summary (Actual - 2023) Click Here to Access
Gross Rental Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Other Income | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss | |
---|---|
Annual | - |
Annual Per SF | - |
Effective Gross Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Taxes | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Operating Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Total Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Net Operating Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Property Facts
Price | £2,172,527 | Building Class | B |
Price Per Bed | £217,253 | Lot Size | 2.27 AC |
Sale Type | Investment or Owner User | Building Size | 5,929 SF |
Net Initial Yield | 16.58% | No. Beds | 10 |
Sale Conditions | 1031 Exchange | Number of Floors | 1 |
Property Type | Health Care | Year Built/Renovated | 1997/2021 |
Property Subtype | Assisted Living |
Price | £2,172,527 |
Price Per Bed | £217,253 |
Sale Type | Investment or Owner User |
Net Initial Yield | 16.58% |
Sale Conditions | 1031 Exchange |
Property Type | Health Care |
Property Subtype | Assisted Living |
Building Class | B |
Lot Size | 2.27 AC |
Building Size | 5,929 SF |
No. Beds | 10 |
Number of Floors | 1 |
Year Built/Renovated | 1997/2021 |
Room Mix Information
Description | No. Beds |
---|---|
Private Bedrooms | 10 |
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Nearby Amenities
Hospitals |
|||
---|---|---|---|
Scottsdale Thompson Peak Medical Center | Acute Care | 11 min drive | 7.3 mi |
Mayo Clinic Hospital | Acute Care | 15 min drive | 9.3 mi |
Abrazo Scottsdale Campus | Acute Care | 20 min drive | 13 mi |
PROPERTY TAXES
Parcel Number | 216-69-039A | Total Assessment | £66,240 (2025) |
Land Assessment | £0 (2025) | Annual Taxes | -£1 (£0.00/sf) |
Improvements Assessment | £0 (2025) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
216-69-039A
Land Assessment
£0 (2025)
Improvements Assessment
£0 (2025)
Total Assessment
£66,240 (2025)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023
zoning
Zoning Code | R-43 (Residential) |
R-43 (Residential) |
Sale Advisor
Stacy Dragos, #1 TEAM Dragos & Co
(623) 632-0934
Contact
Earning impressive accolades for her breadth of knowledge, ethical practices, and expertise in negotiating, Stacy is one of the most well-respected and sought after agents in the business. Being a Realtor, Contractor, and Educator in the State of Arizona, her level of professionalism is a key asset to her clients. With each degree earned, she's gained invaluable skills which seamlessly articulate across the industries. Her goal is to provide the highest level of communication, organization, and action to achieve your desired results. <br>
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NORTH SCOTTSDALE OVER 16% CAP TURN KEY - NORTH SCOTTSDALE PREMIER 10 BED
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