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- LoopNet Team
101 W Glendale Ave
Phoenix, AZ 85021
Luxury Assisted Living Home · Health Care Property For Sale · 10 Beds
Investment Highlights
- Luxury accomodations with all private rooms and baths.
- High functioning residents and excellent caregiver to resident ratio.
- Beautifully landscaped with a fenced pool and walking path
PROPERTY FACTS
| Property Type | Health Care | No. Beds | 10 |
| Property Subtype | No. Stories | 1 | |
| Lot Size | 1.00 AC | Year Built/Renovated | 1924/2021 |
| Building Size | 6,131 SF | Parking Ratio | 0.49/1,000 SF |
| Property Type | Health Care |
| Property Subtype | |
| Lot Size | 1.00 AC |
| Building Size | 6,131 SF |
| No. Beds | 10 |
| No. Stories | 1 |
| Year Built/Renovated | 1924/2021 |
| Parking Ratio | 0.49/1,000 SF |
About 101 W Glendale Ave , Phoenix, AZ 85021
DO NOT DISTURB CURRENT TENANTS' OR STAFF! Rare opportunity to own a 10-Bed Luxury Assisted Living Home on .095 acres, located in the Central Corridor. 10-Bedrooms and 11-bathrooms. Every resident has a master suite with private bathrooms, walk-in closets and most have a small living type room to entertain. This business is fully staffed with an experienced manager who operates the business seamlessly and deficiency free with the AZDHS. Sellers discretionary earnings have averaged over $200k annually and earning's are scheduled to increase in 2022. If you are looking for an investment with a CAP rate better than a residential rental property this is for you. Seller lives out of state and visits property quarterly while overseeing operations electronically (phone, email) when away. No special requirements to own but a licensed manager is required by the AZDHS which is in place. This property and business have been SBA Lender approved.
Room Mix Information
| Description | No. Beds |
|---|---|
| Group Home | 10 |
PROPERTY TAXES
| Parcel Number | 161-28-032C | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $79,685 |
PROPERTY TAXES
zoning
| Zoning Code | R12 (Approved by the city planning/zoning department for a residential assisted living home licensed for 10-beds with AZDHS) |
| R12 (Approved by the city planning/zoning department for a residential assisted living home licensed for 10-beds with AZDHS) |
