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
- 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
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