000 E South Arcadia Assisted Living Lane, Phoenix, AZ 85008 (MLS# 6190073)

$3,700,000

000 E South Arcadia Assisted Living Lane
Phoenix, AZ 85008
MLS# 6190073
Status: Closed

1 / 20

Property 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.

Details

Maps

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