• Airen Sapp Real Estate
  • 928-301-2568
  • Login
  • Register
Airen Sapp Real Estate
  • Home
  • Sedona Videos
  • Property Search
    • Search By City
    • Search By Subdivision
    • Search By Area
    • Search By School
    • Search By MLS#/Address
    • Search By Map
    • Search By Zipcode
  • Endorsements
  • Schools & Weather
  • Blog
  • Contact
    • Agents
  • Home
  • Sedona Videos
  • Property Search
    • Search By City
    • Search By Subdivision
    • Search By Area
    • Search By School
    • Search By MLS#/Address
    • Search By Map
    • Search By Zipcode
  • Endorsements
  • Schools & Weather
  • Blog
  • Contact
    • Agents

Viewing Listing MLS# 6967518

-
15456 W Morning Glory Street Goodyear, AZ 85338 15456 W Morning Glory Street Goodyear, AZ 85338 15456 W Morning Glory Street Goodyear, AZ 85338 15456 W Morning Glory Street Goodyear, AZ 85338 15456 W Morning Glory Street Goodyear, AZ 85338 15456 W Morning Glory Street Goodyear, AZ 85338 15456 W Morning Glory Street Goodyear, AZ 85338 15456 W Morning Glory Street Goodyear, AZ 85338 15456 W Morning Glory Street Goodyear, AZ 85338 15456 W Morning Glory Street Goodyear, AZ 85338 15456 W Morning Glory Street Goodyear, AZ 85338 15456 W Morning Glory Street Goodyear, AZ 85338 15456 W Morning Glory Street Goodyear, AZ 85338 15456 W Morning Glory Street Goodyear, AZ 85338 15456 W Morning Glory Street Goodyear, AZ 85338
16 Photos
15456 W Morning Glory Street Goodyear, AZ 85338 15456 W Morning Glory Street Goodyear, AZ 85338 15456 W Morning Glory Street Goodyear, AZ 85338 15456 W Morning Glory Street Goodyear, AZ 85338 15456 W Morning Glory Street Goodyear, AZ 85338 15456 W Morning Glory Street Goodyear, AZ 85338 15456 W Morning Glory Street Goodyear, AZ 85338 15456 W Morning Glory Street Goodyear, AZ 85338 15456 W Morning Glory Street Goodyear, AZ 85338 15456 W Morning Glory Street Goodyear, AZ 85338 15456 W Morning Glory Street Goodyear, AZ 85338 15456 W Morning Glory Street Goodyear, AZ 85338 15456 W Morning Glory Street Goodyear, AZ 85338 15456 W Morning Glory Street Goodyear, AZ 85338 15456 W Morning Glory Street Goodyear, AZ 85338 15456 W Morning Glory Street Goodyear, AZ 85338
Interested in this home?
Schedule a Tour

$800,000 | N/A beds | N/A full baths | N/A half baths | N/A sqft

$800,000 Reduced -$25,000
15456 W Morning Glory Street
Goodyear, AZ 85338
  • N/ABeds
  • 0.00Total Baths
  • N/ASqFt
  • 2005Year Built
  • 0.00Acres
  • 21 yearsEst Age
  • MLS# 6967518
  • Multifamily
  • Multiple Dwellings
  • Active
  • More Info
  • Schedule a Tour
  • Watching
  • Map Property
  • Mortgage Calculator
  • Print
  • Virtual Tour
Share

  • Approx Time on Market4 months, 26 days
  • AreaMaricopa
  • CountyMaricopa
  • Subdivision Centerra

Overview

7.50% Cap Rate on Stabilized Assisted Living InvestmentProven 3-Year Operator Just Renewed for 5 More Years$61,883 NOI Operating Income$67,200 Gross Annual Income with Escalations Through 2030NN Lease Structure - Owner Pays Only Taxes, Insurance & $50 HOATenant Paid January, February & March 2026Built-In Rent Increases Locked Through 2030Low Expense Ratio - Strong Yield ProfileGrowing Goodyear Senior Housing Demand EXECUTIVE SUMMARY7.50% Cap Rate | NN Leased Residential Investment | 5-Year LeaseThis offering consists of a single-family residence leased to an established care operator under a long-term lease structure. The property is being offered as a real estate investment only. The operating business, license, and care operations are not included in the sale.The tenant has successfully operated at the property for approximately three years and executed a new five-year lease beginning January 12, 2026, providing renewed contractual income stability and built-in rent growth.The property is offered at $825,000, delivering a true 7.50% cap rate based on verified income and actual operating expenses.Income OverviewBase Rent: $5,600 per monthAnnualized Rent: $67,200Scheduled increases:Year 2: $5,700/monthYear 3: $5,800/monthYear 4: $5,900/monthYear 5: $6,000/monthThe tenant has paid January, February, and March 2026 under the new lease term, confirming continued operational performance.Operating Expenses (Actual)Insurance: $2,793Property Taxes (2025): $1,924HOA: $600Total Annual Expenses: $5,317NOI Operating Income (Year 1): $61,883Investment HighlightsSingle-tenant residential income propertyProven three-year operating history at locationNewly executed 5-year lease (January 2026)Contractual annual rent increasesTrue 7.50% cap rate based on actual expensesLow expense structurePredictable cash flow profileNeeds-based tenant useValuation & Underwriting ConsiderationThis asset should be evaluated based on its income performance and lease structure. As a single-family residence leased to an operator, traditional owner-occupied comparable home sales may not fully reflect the investment value of the property.This opportunity is well suited for investors seeking stable yield, limited management intensity, and long-term lease security supported by a needs-based tenant. Buyer to verify all Facts and Figures



Agriculture / Farm

Association Fees / Info

Community Features:  Other, Play Area

Hoa:  No

Bathroom Info

Building Info

Construction Materials:  Wood Frame, Painted, Stucco

Roof:  Tile

Exterior Features

Financial

Owner Pays:  See Remarks,None

Gross Income:  67200

Insurance Expense:  2793

Garage / Parking

Parking Features:  Attached Garage, Paved, Garage Door Opener

Garage:  Yes

Interior Features

Flooring:  Ceramic Tile, Vinyl

Appliances:  Built-In Range, Disposal, Dishwasher, Refrigerator, Microwave, W/D Hookup

Lot Info

Lot Size:  n/a

Number of Buildings:  1

Other School Info

Property Info

Road Surface Type:  Asphalt

Zoning:  residential

Tax Info

Tax Legal Description:  LOT 393 CENTERRA MCR

Tax Amount Annual:  1924

Unit Info

Total Units:  6

Utilities / Hvac

Water Source:  Master Meter, City Franchise

Electric:  APS, Master Meter

Cooling:  Yes

Cool System:  Ceiling Fan(s), Heat Pump

Heating:  Individual, Heat Pump

Heating:  Yes

Sewer:  Public Sewer

Waterfront / Water

Listings courtesy of Gerchick Real Estate  Broker Reciprocity

Mortgage Calculator

%
$
%
Dollars per $1000
$
Advanced
Approximate Monthly Payment 0.0
  • Property History
  • Map
  • Street View
  • Birdseye
  • Walk Score®
Price & Status History (on sedonadebnairrealestate.com since Mon, Jan 12th 2026)
  • Original Price: $825,000
  • Current Price: $800,000
  • Price Reduced: $25,000
Date ChangedFromTo
04/09/2026$825,000 $800,000 Reduced by $25,000

Broker Reciprocity No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Listing Courtesy of The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Northern Arizona Association of REALTORS, Prescott Area Association of REALTORS and Arizona Regional Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than Compass are identified with the ARMLS logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. All information should be verified by the recipient and none is guaranteed as accurate by ARMLSListing information Copyright © 2026 Northern Arizona Association of REALTORS, Prescott Area Association of REALTORS and Arizona Regional Multiple Listing Service, Inc. All Rights Reserved. Information was last updated: 06-08-2026 10:00 AM EST .

Any images related to data from the MLS is the sole property of the MLS and not the responsibility of the owner of this website. This real estate website and IDX data is hosted by IDX data is Powered & Hosted by Dynamic IDX, LLC Real Estate Web Solutions

Airen Sapp Real Estate

The Most Reliable
Sedona Arizona Real Estate Firm

Debbra Carl and Airen Sapp

Location

2290 W SR 89A
Sedona, AZ 86336

Phone

928-301-2568
928-301-1947

Email

Contact Form

© 2026 Airen Sapp Real Estate | Sitemap
Real Estate Website by Dynamic IDX, LLC
Website Designed by Tiny Minute