13604 N 20TH Street, Phoenix, AZ 85022 (MLS# 6329492)

13604 N 20TH Street, Phoenix, AZ 85022

$1,499,950

Property Type: Business Opportunity Square Footage: 5,272 Lot Size (sq. ft.): 12,836 Status: Closed

Current Price: $1,499,950 Last Modified: 3/31/2025

Overview

Description

Fantastic business opportunity to own a well established 10 bed assisted living home in Phoenix. Price includes real estate and business. The first level has 9 bedrooms, 7 bathrooms, second level has 4 bedrooms and 3 bathrooms, second laundry room, second full kitchen can be used as living quarters, office.Mature citrus trees all around the property makes the back yard retreat style. Employees have been working with current owner for many years, will stay in place.Property has paid solar panels.

Listing Details MLS# 6329492

Location

Map Code/Grid: L35
House Number: 13604
Compass: N
Street Name: 20TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85022
Zip4: 5171
Country: US
County Code: Maricopa
Subdivision: STEFAN SUBDIVISION LOTS 1 2 3 & 4
Assessor Number: 166-41-099

General Property Description

Ttl Apx SqFt Bldg: 5272
Uncvrd Parking Spcs: 6
Flood Zone: No

Remarks Misc

Cross Street: Cave Creek/Sharon Drive

Status Change Info

Off Market Date: 2022-01-06
Under Contract Date: 2022-01-03
Close of Escrow Date: 2022-05-13

Legal Info

Township: 3N
Range: 3E
Section: 15

More Information

Income Expenses

Net Operating Income: 370000

Sold Info

Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Buyer Concession to Seller: 0
Seller Concession to Buyer: 0

Income & Expenses

# Full Time Employee: 4
# Part Time Employee: Yes
Annual Gross Sales: 610813
Owners Draw Included: No
Annual Owners Salary: 116872
Annual Mngr Salary: 58436
Anl Int (Non-RelEst): 0
Annual Depreciation: 0
Annual Fringes: 0
Adjusted Net Income: 311564
Apx Value of Cash: 0

Business Type

Professional Service: Yes

Pmt & Rate Info

Equity: 1499950
Down Payment %: 10
Total Owed: 0

Lockbox Type

None: Yes

Type of Lease

None: Yes

Form of Ownership

Limited Liability Co: Yes

Sale Price Includes

Goodwill: Yes
Equipment: Yes
Inventory: Yes
Real Estate: Yes
License(s): Yes

Lease Information

None: Yes

Hours of Operation

7 Days/Week: Yes

Business Age

10+ Years: Yes

Heating

Electric: Yes
Natural Gas: Yes

Current Ownership

10+ Years: Yes

Cooling

Central Air: Yes
Electric: Yes

Business Location

Corner Lot: Yes
Fixed Location: Yes
Free Standing Bldg: Yes

Training

6+ Months: Yes

Expenses Include

Utilities: Yes
Insurance: Yes
Accounting: Yes
Legal: Yes
Supplies: Yes
Taxes - Real Estate: Yes
Taxes - Payroll: Yes
Licenses: Yes
Repairs: Yes
Payroll: Yes
Telephone: Yes
Owners Draw: Yes

Business/Tenant Pays

Other: Yes

Road Surface Type

Asphalt: Yes

Exterior

Corner Lot: Yes

Source of Fincl Data

Owner: Yes

Water Source

City Franchise: Yes

Backup Information

Inventory List: Yes

Sewer

Sewer - Public: Yes

NC-Covenant Dist

1 - 5 Miles: Yes

Parking Features

Free: Yes

Electric

APS: Yes

NC-Covenant Time Per

1 - 3 Years: Yes

Gas

SW Gas: Yes

New Financing

Cash: Yes
Conventional: Yes
SBA: Yes
1031 Exchange: Yes

Current Financing 1

Treat as Free & Clr: Yes
Conventional: Yes
SBA Loan: Yes

Current Financing 2

Treat as Free & Clr: Yes
Private: Yes
Conventional: Yes
SBA Loan: Yes

Current Financing 3

Treat as Free & Clr: Yes
Private: Yes
Conventional: Yes
SBA Loan: Yes

Reports/Disclosures

None: Yes

Environmental

None: Yes

Property Features

Business Type: Professional Service Form of Ownership: Limited Liability Co Sale Price Includes: Goodwill; Equipment; Inventory; Real Estate; License(s) Lease Information: None Hours of Operation: 7 Days/Week Type of Lease: None Business Age: 10+ Years Current Ownership: 10+ Years Business Location: Corner Lot; Fixed Location; Free Standing Bldg Training: 6+ Months Expenses Include: Utilities; Insurance; Accounting; Legal; Supplies; Taxes - Real Estate; Taxes - Payroll; Licenses; Repairs; Payroll; Telephone; Owners Draw Source of Fincl Data: Owner Backup Information: Inventory List NC-Covenant Dist: 1 - 5 Miles NC-Covenant Time Per: 1 - 3 Years Exterior: Corner Lot Parking Features: Free Electric: APS Gas: SW Gas Water Source: City Franchise Sewer: Sewer - Public Heating: Natural Gas Cooling: Electric; Central Air Lockbox Type: None Road Surface Type: Asphalt Current Financing 1: Treat as Free & Clr; Conventional; SBA Loan Current Financing 2: Treat as Free & Clr; Private; Conventional; SBA Loan Current Financing 3: Treat as Free & Clr; Private; Conventional; SBA Loan New Financing: Cash; Conventional; SBA; 1031 Exchange Environmental: None

Listing Office: West USA Realty

Last Updated: March - 31 - 2025