26808 N 24TH Avenue, Phoenix AZ 85085
$1,350,000
Brokerage: Ivy Realty(623) 299-4954
1 / 39Home facts
- Price
- $1,350,000
- Status
- Active
- Baths
- 0
- Living area
- 3,540 sq ft
- Lot
- 8,776 sq ft
- Type
- G
- Pool
- No
- Water
- City Franchise
- Sewer
- Public Sewer
- Subdivision
- VALLEY VISTA PARCEL A AMD
- MLS #
- 7073443
Listed by Gile Commercial Real Estate · 602-980-3171
Courtesy of ARMLS · Presented by Ivy Realty, (623) 299-4954
About this home
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.
Features
Sewer
Public Sewer
Cooling
Central Air, Ceiling Fan(s)
Heating
Natural Gas
Electric
Other (See Remarks)
WaterSource
City Franchise
ParkingFeatures
Free
Map
Nearby sales
Closed within about ¾ mile in the last 6 months (ARMLS).
| Address | Sold | Price | Beds/Baths | Sq ft | Listing brokerage |
|---|---|---|---|---|---|
| 2432 W OBERLIN Way | Sep 29, 2026 | $495,000 | 4/2 | 1,782 | West USA Realty |
| 26121 N 19TH Lane | Sep 28, 2026 | $845,000 | 4/3 | 2,628 | Realty ONE Group |
| 1956 W KINFIELD Trail | Sep 28, 2026 | $620,000 | 3/3 | 2,399 | SERHANT. |
| 2533 W Big Oak Street | Sep 27, 2026 | $505,000 | 4/3 | 1,982 | Compass |
| 26703 N 19TH Drive | Sep 22, 2026 | $645,000 | 4/3 | 2,872 | West USA Realty |
| 2020 W BAJADA Road | Sep 20, 2026 | $685,000 | 3/2 | 1,897 | A.Z. & Associates |
Source: ARMLS IDX via Ivy Realty, updated Oct 2, 4:33 PM (Arizona time).
Listing information courtesy of the Arizona Regional Multiple Listing Service (ARMLS). Information deemed reliable but not guaranteed. Copyright ARMLS.
Use of this search or AI does not create an agency relationship. Agency begins only with a written agreement with Ivy Realty.
Ivy Realty · 20325 N 51st Ave, Bldg 5, Ste 134, Glendale, AZ 85308 · (623) 299-4954 · Designated Broker Ivy Clay, License #LC722089000
Equal Housing Opportunity
Licensees: see Ivy Realty plans (100% plan $25/mo + $395 per closed transaction, or 80/20 with $0 monthly and $0 per transaction).