26808 N 24TH Avenue, Phoenix, AZ 85085

$1,299,999
Property Type: Business Opportunity Square Footage: 3,540 Lot Size (sq. ft.): 8,776 Status: Active
Current Price: $1,299,999 Last Modified: 10/08/2026

Overview

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.

Listing Details MLS# 7073443

Location

House Number
26808
Compass
N
Street Name
24TH
St Suffix
Avenue
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85085
Zip4
8738
Country
US
County Code
Maricopa
Subdivision
VALLEY VISTA PARCEL A AMD
Assessor Number
210-19-614

General Property Description

Sold Price Per SqFt
367.23
Ttl Apx SqFt Bldg
3540
Uncvrd Parking Spcs
2
Flood Zone
No

Remarks Misc

Cross Street
N 24th Ave & W Desert Hills Dr.
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.

Legal Info

Township
5N
Range
2E
Section
36

Income Expenses

Net Operating Income
102000

More Information

Showing Notification Methods

Showing Service
Aligned Showings

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: Less Than 1 Year Training: Other - See Remarks Expenses Include: See Remarks Source of Fincl Data: Owner; Projected Proforma; Unknown; Other (See Remarks) Parking Features: Free Electric: Other (See Remarks) Gas: Other (See Remarks) Water Source: City Franchise Sewer: Sewer - Public Heating: Natural Gas Cooling: Ceiling Fan(s); Central Air Showing Notification Methods: Text Lockbox Type: None Road Surface Type: Asphalt Current Financing 1: Other Current Financing 2: Other Current Financing 3: Other New Financing: Cash; Conventional; Lease Option; 1031 Exchange Environmental: None
IDX
Listing Office: Gile Commercial Real Estate
Office Phone: 602-980-3171
Office Email: holly@gilecre.com
Last Updated: October - 08 - 2026
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