Set-it-and-forget-it income for 1031 buyers: 10% cap on year-1 rent, growing with 5% annual increases. Licensed assisted living home leased to an experienced operator, licensed by ADHS for 10 residents incl. directed care. New 5-year lease thru 8/2031 at $10,000/mo plus 5-year renewal option. NNN except roof & structure; tenant… Read More pays taxes, insurance, utilities & maintenance. Secured by 2 personal guaranties, a corporate guaranty from the licensed operator & $10K deposit. Fully renovated in 2026: fire sprinklers, interconnected smoke/CO detectors, upgraded electrical, new flooring & baths. Prepaid Sunrun solar thru 2032 lowers operator costs. Single-level 3,302 sq ft on a half acre. By appt only; do not disturb residents or staff. Read Less
Courtesy of Urban House Realty, Kenneth O'Donnell, 602-586-8447
Listing Snapshot
Days Online
15
Last Updated
Property Type
Single Family Residence
Beds
10
Full Baths
3
Partial Baths
2
Square Ft.
3,302
Lot Size
0.5 Acres
Year Built
1987
MLS Number
7099775
Additional Details
Appliances & Equipment
Dryer, Washer, Refrigerator, Built-in Microwave, Dishwasher, Electric Range, Electric Oven, Electric Cooktop
Building
Built in 1987, Living area: 3302, 1 storey, Construction Materials: Wood Siding, Wood Frame
Cooling
Central Air
Disclosures
None, Other (See Remarks)
Fence
Back Yard
Heating
Forced Air
Home Owner's Association
Fee Includes: No Fees
Interior Features
Quartz Countertops
Lot
0.5 acres, Desert Front, Gravel/Stone Front, Gravel/Stone Back
Parking
1 carport spaces, 1 covered spaces, 2 open parking spaces
Roof
Composition
Sewer
Public Sewer
Taxes
Parcel Number: 103-07-061-A, Public Survey Range: 1W, Public Survey Section: 15, Annual Amount: $3,351, Tax Book Number: 103.00, Legal Description: LOT 139 LYNX LAKE ESTATES 2 BOOK 9 PAGE 18, Lot: 139, Map Number: 7.00, Parcel Letter: A, Year: 2025
Utilities
Water Source: Public
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