26808 N 24th Avenue, Phoenix, AZ 85085

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List Price
$1,275,000
Days on Market
76
Status
ACTIVE
MLS#
7073443
City
Phoenix
Living SQFT
3,540
Lot Size
8,776
Subdivision
Valley Vista Parcel A Amd

Property Description

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.

Additional Information

Acres
0.20
Cooling
Central Air, Ceiling Fan(s)
Heating
Natural Gas
Living Area
3,540
Lot Size
8,776
New Financing
Cash, Lease Option, 1031 Exchange, Conventional
Parking Features
Free
Sewer
Public Sewer
Subdivision
Valley Vista Parcel A Amd
Tenant Pays
None
Water
City Franchise

Courtesy of Gile Commercial Real Estate. 602-980-3171

Copyright 2026 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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