11074 West TONTO Street Avondale, AZ 85323

$950,000
9
Beds
3
Baths
0.17
Acres
3,093
SQFT
307
$/SQFT
$950,000
9
Beds
3
Baths
3,093   sf
$307 / sf
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High Cash flowing investment opportunity! Beautiful and brand new 10 bedroom Assisted Living home for the elderly with long term tenants in place through 03/28. Perfect investment opportunity priced just under a 10% Cap Rate. Home was customized for assisted living and features 9 spacious bedrooms for residents, 3 ADA bathrooms, plus a bonus room for the caregiver/staff. Home features all walk in showers, a new sprinkler system, and C of O for 10 residents. Open concept living room with a large dining room area for residents and landscaped/covered patio for residents to enjoy. The tenants own and operate the business and will remain in the home and are paying $8,000/mo for rent. Tenants responsible for all utilities. Proof of funds required - typically need at least 30% down.

High Cash flowing investment opportunity! Beautiful and brand new 10 bedroom Assisted Living home for the elderly with long term tenants in place through 03/28. Perfect investment opportunity priced just under a 10% Cap Rate. Home was customized for assisted living and features 9 spacious bedrooms for residents, 3 ADA bathrooms, plus a bonus room for the caregiver/staff. Home features all walk in showers, a new sprinkler system, and C of O for 10 residents. Open concept living room with a large dining room area for residents and landscaped/covered patio for residents to enjoy. The tenants own and operate the business and will remain in the home and are paying $8,000/mo for rent. Tenants responsible for all utilities. Proof of funds required - typically need at least 30% down.

  • Neighborhood
  • Type
  • Total Baths
  • County
    Maricopa
  • Area
    Avondale
  • HOA Dues
    $95/mo
  • Tax Amount
    $249
  • Status
    Active
  • Listing #
    6858662
  • Built
    2024
  • Lot Size
    0.17
  • Listed on site
    19 days
  • Listing Agent Phone
    602-686-0653
  • Builder Name
    Richmond American

Listed by:
HomeSmart Realty

mls source logo Listing provided courtesy of Arizona Regional Multiple Listing Service, Inc. (ARMLS)
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Property details

Community Features

  • Has HOA
  • Not Age Restricted

Property Features

  • New Construction

Exterior features

  • Has garage
  • No Pool

Interior Features

  • Fire Place

Style

  • Ranch / One Story

Property History

DateDays AgoEventNew Price
Apr 29, 202520 days agoPrice increased855,000 (90%)$950,000
Apr 29, 202520 days agoNew on market$95,000
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Realtor
Photo of John Harding
BESbswy