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Map
$391,202*
●
House -
Off Market
6301 W EARLL Drive
Phoenix, AZ 85033
4 Beds
2 Baths
1920 Sqft
$212,000 - $258,000
Reference Base Price*
66.47%
Since Jul 1, 2019
AZ-Phoenix
Primary Model
About This Property
Assisted Living Business Opportunity!!! Home is currently
licensed and an active adult assisted living facility with 10 beds.
Current tenant is the manager and holds the license.
Her lease runs through January 2020 and she pays 1700/month.
Manager/tenant would like to sign an extended multi year
lease and is willing to increase rent to 2000/month. Current
cap rate is 7%, with potential to increase to 8-9%.
The manager has listed the unit size as 1920 square feet.
The manager has listed the unit size as 1920 square feet.
Unit Size
1,920Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$122
Property Type
House
Property Taxes
$1,547
HOA Dues
-
Year Built
1970
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 2, 2021 | No longer available | - | |
| No longer available | |||
| Oct 8, 2021 | Listed | $329,000 | |
| Listed | |||
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Stable investment opportunity in west Phoenix. This established
senior care home operator just signed a new 3 year lease. Lease
rate is based off of the gross revenue. Minimal landlord
responsibility. Seven bedroom, 3 bath on a corner lot. Recent
upgrades include new a/c unit, rear fencing and fire monitoring
system. Easy to manage remotely. Please do not disturb - tours by
appointment only. LEASE INCENTIVE BRINGS THE CURRENT LEASE TO OVER
$2000 PER MONTH FOR THE FIRST YEAR. CALL FOR…
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| Oct 10, 2019 | No longer available | - | |
| No longer available | |||
| Sep 4, 2019 | Listed | $235,000 | |
| Listed | |||
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Investment opportunity in west Phoenix. This established senior
care home operator just signed a new 3 year lease. Lease rate is
12,5% of the gross revenue - consistently producing $1600-$1700 a
month to the landlord resulting in an approximate 8.2% cap rate.
Minimal landlord responsibility. Business has been in this location
for many years. Recent appraisal at $255,000.
The manager has listed the unit size as 1920 square feet.
|
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| Jun 27, 2019 | No longer available | - | |
| No longer available | |||
Show More
Property Highlights
6301 W EARLL Drive
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Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Active
Townhouse
3
Beds
1
Bath
840 ft²
$279/ft²
$234,000
Apr 19, 2024
-
$132/mo
In Contract
Townhouse
3
Beds
1
Bath
840 ft²
$274/ft²
$230,000
Mar 18, 2024
-
$132/mo
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
10/08/2021
|
|
7 Bed
|
3 Bath
|
1920 ft²
|
$329,000
7 Bed
3 Bath
1920 ft²
|
-
-
|
-
|
Randy Erwin
Century 21 Arizona Foothills
|
|
04/05/2019
|
|
4 Bed
|
2 Bath
|
1920 ft²
|
$285,000
4 Bed
2 Bath
1920 ft²
|
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-
|
-
|
-
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Building Info
