000 E North Phoenix Assisted Living Lane, Phoenix, AZ 85083 (MLS# 6790169)

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

multiple common seating areas, all designed to promote an active and social lifestyle. Outdoor features boast a walking path, and a tranquil patio area ideal for relaxation and social gatherings. The 3,607sf home features: 11 fully furnished bedrooms each with en-suite bathrooms, 1 hall bathroom, spacious living room, family room, laundry room, 400sf garage storage , a gourmet chefs kitchen, formal dining area, and a multiple common seating areas, all designed to promote an active and social lifestyle. Outdoor features boast a walking path, and a large covered patio. Value add opportunity includes: increasing the resident rates, increasing license from 10 to 16 with City of Phoenix CofO exemption process, converting existing garages to livable square footage for large primary suite, or additional caregiver rooms. New owners can opt for training and a smooth transition with the current staff in place, ensuring a seamless takeover of operations. Currently operating at full occupancy, this portfolio boasts a gross monthly income exceeding $110,000 and an annual gross income surpassing $1,320,000! Don't miss this exceptional opportunity to own a thriving residential assisted living home with the potential for further growth and profitability.