000 E South Arcadia Assisted Living Lane, Phoenix, AZ 85008

$3,700,000

Property Type: Business Opportunity Square Footage: 8,000 Status: Closed

Current Price: $3,700,000 Last Modified: 10/14/2021

Overview

Description

Rare opportunity to own a beautiful Class A new construction luxury 20 bedroom assisted living portfolio consisting of 2 10 bedroom homes in South Arcadia! Gross income over $80,000/mo. Each home is licensed for 10 residence. Please call/txt listing agent for more info.

Listing Details MLS# 6190073

Location

Map Code/Grid: P36
House Number: 000
Compass: E
Street Name: South Arcadia Assisted Living
St Suffix: Lane
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85008
Country: US
County Code: Maricopa
Assessor Number: 000-00-000

General Property Description

Ttl Apx SqFt Bldg: 8000
Uncvrd Parking Spcs: 8

Status Change Info

Off Market Date: 2021-08-10
Under Contract Date: 2021-08-01
Close of Escrow Date: 2021-08-10

Income Expenses

Net Operating Income: 180000

More Information

Sold Info

Loan Type: SBA
Loan Years: 25
Payment Type: Adjustable
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Buyer Concession to Seller: 0
Seller Concession to Buyer: 0

Income & Expenses

Annual Gross Sales: 480000
Owners Draw Included: No
Annual Owners Salary: 0
Annual Mngr Salary: 24000
Anl Int (Non-RelEst): 0
Annual Depreciation: 10000
Annual Fringes: 0
Adjusted Net Income: 180000
Apx Value of Cash: 0

Business Type

Professional Service: Yes

Pmt & Rate Info

Equity: 3790000
Down Payment %: 10
Total Owed: 0

Showing Notification Methods

Text: Yes

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
Mgmt Consult Agrmt: Yes
Other - See Remarks: Yes

Lease Information

None: Yes

Hours of Operation

Other - See Remarks: Yes

Business Age

Less Than 1 Year: Yes

Heating

Electric: Yes

Current Ownership

Less Than 1 Year: Yes

Cooling

Heat Pump: Yes

Business Location

Corner Lot: Yes
Free Standing Bldg: Yes

Training

1 Month: Yes

Expenses Include

Utilities: Yes
Insurance: Yes
Advertising: Yes
Accounting: Yes
Supplies: Yes
Taxes - Real Estate: Yes
Taxes - Payroll: Yes
Licenses: Yes
Repairs: Yes
Payroll: Yes
Telephone: Yes

Business/Tenant Pays

Gas: Yes
Electricity: Yes
Exterior Repair: Yes
Water: Yes
Sewer: Yes
Trash: Yes
Capital Improvements: Yes
Common Area Maint: Yes
Fire Ins - Building: Yes
Liability Insurance: Yes

Road Surface Type

Concrete: Yes

Source of Fincl Data

Owner: Yes
Projected Proforma: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

Free: Yes
Private: Yes
Paved: Yes

Electric

SRP: Yes

Gas

None: Yes

New Financing

Cash: Yes
Conventional: Yes
SBA: Yes

Current Financing 1

Treat as Free & Clr: Yes

Current Financing 2

Treat as Free & Clr: Yes

Current Financing 3

Treat as Free & Clr: 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); Mgmt Consult Agrmt; Other - See Remarks Lease Information: None Hours of Operation: Other - See Remarks Type of Lease: None Business Age: Less Than 1 Year Current Ownership: Less Than 1 Year Business Location: Corner Lot; Free Standing Bldg Training: 1 Month Expenses Include: Utilities; Insurance; Advertising; Accounting; Supplies; Taxes - Real Estate; Taxes - Payroll; Licenses; Repairs; Payroll; Telephone Source of Fincl Data: Owner; Projected Proforma Parking Features: Free; Private; Paved Electric: SRP Gas: None Water Source: City Franchise Sewer: Sewer - Public Cooling: Heat Pump Showing Notification Methods: Text Lockbox Type: None Road Surface Type: Concrete Current Financing 1: Treat as Free & Clr Current Financing 2: Treat as Free & Clr Current Financing 3: Treat as Free & Clr New Financing: Cash; Conventional; SBA Environmental: None

Listing Office: eXp Realty

Last Updated: October - 14 - 2021