Lease to Own
Address
26808 N 24th Avenue, Phoenix, AZ
Price
$ 1,350,000
Property Attributes
- MLS#7073443
- TypeSingle Family
- Listing Status Active
- CountyMARICOPA
- CityPhoenix
- NeighborhoodVALLEY VISTA PARCEL A AMD
- Zip85085
- StyleBusiness Opportunity
- Price$ 1,350,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage3540
- Lot Size0.2 Acres
Data Source:
Arizona Regional MLS (ARMLSN)
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.
| Price History | |
|---|---|
| 8/31/2026 | Listed $1,350,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Natural Gas |
| Cooling | Central Air,Ceiling Fan(s) |
| Electric | Other (See Remarks) |
| Township | 5N |
| Business Type | Professional Service |
| County | Maricopa |
| Net Operating Income | 102000.0 |
| New Construction | No |
| Property Type | Business Opportunity |
| Attached Garage | No |
| Subdivision Name | VALLEY VISTA PARCEL A AMD |
| Status | Active |
| 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. |
| City | Phoenix |
| Disclosures | None |
| Open Parking Spaces | 2.0 |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 8776.0 |
| Carport Y/N | No |
| Current Financing | Other |
| Lease Renewal Y/N | No |
| Lease Considered Y/N | No |
| Rent Control Y/N | No |
| Standard Status | Active |
| Occupancy Type | Vacant |
| MobileHomeRemainsYN | No |
| Senior Community | No |
Interior Features
| Air Conditioning Y/N | Yes |
|---|---|
| Heating Y/N | Yes |
Exterior Features
| Parking Features | Free |
|---|---|
| Water Source | City Franchise |
| Lot Size Area | 8776.0 |
| Spa | No |
| Lot Size Acres | 0.2 |
| Road Surface Type | Asphalt |
| Covered Spaces | 2.0 |
| Crops Included Y/N | No |
| Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 85085
Price
Visits
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All information deemed reliable, but not guaranteed.Listing data provided & copyrighted © by (PAAR) Prescott Area Association of REALTORS®
