For Sale Commercial MLS# 7073443

26808 N 24TH Avenue

Phoenix, AZ 85085

$1,299,999

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Listing Office

Officearizona-regional-mls-rsd logoGile Commercial Real Estate
AgentLuis Espinoza
Phone602-980-3171

About 26808 N 24TH Avenue

Excellent investment opportunity! This Residential Assisted Living (RAL) property features **10 full bedrooms and 5 full bathrooms** and is currently leased through **March 2029**, providing immediate and predictable rental income. Current lease rate is **$8,500 per month ($102,000 annually)**. Offered at **$1,350,000**, providing an approximate **7.56% cap rate before owner-paid expenses**. Tenant is responsible for **all utilities and property maintenance**, making this an attractive low-management opportunity for a passive investor. Ideal for investors seeking stable cash flow with an established RAL operator already in place. Please do not disturb tenant. Buyer to verify all facts, figures, licensing, zoning, lease terms, and financial information.

Property details

Property

Type
commercial
MLS type
Commercial
Status
Active
Living area
3,540 sqft
Price / sqft
$367
Lot
0.2
Original price
$1,350,000
MLS #
7073443

Interior

Features
Central Air, Ceiling Fan(s), Natural Gas
Heating
Natural Gas
Cooling
Central Air, Ceiling Fan(s)

Exterior & lot

Features
Free
Lot
21019614
Parking
Free

Schools

District
Deer Valley Unified District

Utilities

Utilities
Public Sewer, City Franchise
Water
City Franchise
Sewer
Public Sewer

Financial

Financial
Arizona Regional Multiple Listing Service 2, Limited Liability Co
Parcel
21019614

Location

Subdivision
VALLEY VISTA PARCEL A AMD
County
Maricopa
Neighborhood
Norterra
Community
Maricopa, Asphalt, Arizona Regional Multiple Listing Service 2
Directions
From I-17, exit at Happy Valley Rd and head west. Turn north on N 23rd Ave, west on W Desert Hills Dr, then north on N 24th Ave. Property will be on your left.

Location

Neighborhood
Norterra
Subdivision
VALLEY VISTA PARCEL A AMD
School district
Deer Valley Unified District

Interested in this home?

Questions on 26808 N 24TH Avenue, Phoenix, AZ 85085, or want to see it in person?

The Anderson Team · (480) 900-9140

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