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
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.
More Information MLS# 6190073
General Property Description
Ttl Apx SqFt Bldg: 8000
Uncvrd Parking Spcs: 8
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: 1
Pmt & Rate Info
Equity: 3790000
Down Payment %: 10
Total Owed: 0
Showing Notification Methods
Text: 1
Lockbox Type
None: 1
Type of Lease
None: 1
Form of Ownership
Limited Liability Co: 1
Sale Price Includes
Goodwill: 1
Equipment: 1
Inventory: 1
Real Estate: 1
License(s): 1
Mgmt Consult Agrmt: 1
Other - See Remarks: 1
Lease Information
None: 1
Hours of Operation
Other - See Remarks: 1
Business Age
Less Than 1 Year: 1
Heating
Electric: 1
Current Ownership
Less Than 1 Year: 1
Cooling
Heat Pump: 1
Business Location
Corner Lot: 1
Free Standing Bldg: 1
Training
1 Month: 1
Expenses Include
Utilities: 1
Insurance: 1
Advertising: 1
Accounting: 1
Supplies: 1
Taxes - Real Estate: 1
Taxes - Payroll: 1
Licenses: 1
Repairs: 1
Payroll: 1
Telephone: 1
Business/Tenant Pays
Gas: 1
Electricity: 1
Exterior Repair: 1
Water: 1
Sewer: 1
Trash: 1
Capital Improvements: 1
Common Area Maint: 1
Fire Ins - Building: 1
Liability Insurance: 1
Road Surface Type
Concrete: 1
Source of Fincl Data
Owner: 1
Projected Proforma: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Free: 1
Private: 1
Paved: 1
Electric
SRP: 1
Gas
None: 1
New Financing
Cash: 1
Conventional: 1
SBA: 1
Current Financing 1
Treat as Free & Clr: 1
Current Financing 2
Treat as Free & Clr: 1
Current Financing 3
Treat as Free & Clr: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Sold Info
Loan Type: SBA
Loan Years: 25
Closing Cost Split: Normal - N
Payment Type: Adjustable
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Contract Info
Current Price: $3,700,000
Sold Price: $3,700,000
Status: Closed
List Date: 2021-02-04
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
County Code: Maricopa
Assessor Number: 000-00-000
Remarks Misc
Geo Lat: 33.490369
Geo Lon: -111.955509
Status Change Info
Off Market Date: 2021-08-10
Under Contract Date: 2021-08-01
Close of Escrow Date: 2021-08-10
Sold Price: $3,700,000
Income Expenses
Net Operating Income: 180000
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
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