26808 N 24TH Avenue, Phoenix, AZ 85085 (MLS# 7073443)

26808 N 24TH Avenue, Phoenix, AZ 85085

$1,350,000
Property Type: Business Opportunity Square Footage: 3,540 Lot Size (sq. ft.): 8,776 Status: Active
Current Price: $1,350,000 Last Modified: 8/31/2026

Overview

Description

Excellent investment opportunity! This Residential Assisted Living (RAL) property features **10 full bedrooms and 5 full bathrooms** and is currently leased through **March 2029**, providing immediate and predictable rental income. Current lease rate is **$8,500 per month ($102,000 annually)**. Offered at **$1,350,000**, providing an approximate **7.56% cap rate before owner-paid expenses**. Tenant is responsible for **all utilities and property maintenance**, making this an attractive low-management opportunity for a passive investor. Ideal for investors seeking stable cash flow with an established RAL operator already in place. Please do not disturb tenant. Buyer to verify all facts, figures, licensing, zoning, lease terms, and financial information.

Listing Details MLS# 7073443

Location

House Number
26808
Compass
N
Street Name
24TH
St Suffix
Avenue
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85085
Zip4
8738
Country
US
County Code
Maricopa
Subdivision
VALLEY VISTA PARCEL A AMD
Assessor Number
210-19-614

General Property Description

Sold Price Per SqFt
381.36
Ttl Apx SqFt Bldg
3540
Uncvrd Parking Spcs
2
Flood Zone
No

Remarks Misc

Cross Street
N 24th Ave & W Desert Hills Dr.
Directions
From I-17, exit at Happy Valley Rd and head west. Turn north on N 23rd Ave, west on W Desert Hills Dr, then north on N 24th Ave. Property will be on your left.

Legal Info

Township
5N
Range
2E
Section
36

Income Expenses

Net Operating Income
102000

More Information

Showing Notification Methods

Showing Service
Aligned Showings
Text
Yes

Income & Expenses

Annual Gross Sales
0
Owners Draw Included
No
Annual Owners Salary
0
Annual Mngr Salary
0
Anl Int (Non-RelEst)
0
Annual Depreciation
0
Annual Fringes
0
Adjusted Net Income
0
Apx Value of Cash
0

Business Type

Professional Service
Yes

Pmt & Rate Info

Equity
1350000
Down Payment %
10
Total Owed
0

Lockbox Type

None
Yes

Type of Lease

None
Yes

Form of Ownership

Limited Liability Co
Yes

Sale Price Includes

Goodwill
Yes
Equipment
Yes
Inventory
Yes
Real Estate
Yes
License(s)
Yes

Lease Information

None
Yes

Hours of Operation

7 Days/Week
Yes

Business Age

10+ Years
Yes

Heating

Natural Gas
Yes

Current Ownership

Less Than 1 Year
Yes

Cooling

Ceiling Fan(s)
Yes
Central Air
Yes

Training

Other - See Remarks
Yes

Expenses Include

See Remarks
Yes

Business/Tenant Pays

None
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes
Projected Proforma
Yes
Unknown
Yes
Other (See Remarks)
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

Free
Yes

Electric

Other (See Remarks)
Yes

Gas

Other (See Remarks)
Yes

New Financing

Cash
Yes
Conventional
Yes
Lease Option
Yes
1031 Exchange
Yes

Current Financing 1

Other
Yes

Current Financing 2

Other
Yes

Current Financing 3

Other
Yes

Reports/Disclosures

None
Yes

Environmental

None
Yes

Property Features

Business Type: Professional Service Form of Ownership: Limited Liability Co Sale Price Includes: Goodwill; Equipment; Inventory; Real Estate; License(s) Lease Information: None Hours of Operation: 7 Days/Week Type of Lease: None Business Age: 10+ Years Current Ownership: Less Than 1 Year Training: Other - See Remarks Expenses Include: See Remarks Source of Fincl Data: Owner; Projected Proforma; Unknown; Other (See Remarks) Parking Features: Free Electric: Other (See Remarks) Gas: Other (See Remarks) Water Source: City Franchise Sewer: Sewer - Public Heating: Natural Gas Cooling: Ceiling Fan(s); Central Air Showing Notification Methods: Text Lockbox Type: None Road Surface Type: Asphalt Current Financing 1: Other Current Financing 2: Other Current Financing 3: Other New Financing: Cash; Conventional; Lease Option; 1031 Exchange Environmental: None
IDX
Listing Office: Gile Commercial Real Estate
Last Updated: August - 31 - 2026
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