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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!

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
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

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

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

Sale Advisor

(623) 632-0934
Contact
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>
  • Listing ID: 31965273

  • Date on Market: 30/05/2024

  • Last Updated:

  • Address: NORTH SCOTTSDALE OVER 16% CAP TURN KEY, Scottsdale, AZ 85266

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