Viewing Listing MLS# 6967518
Goodyear, AZ 85338
- N/ABeds
- 0.00Total Baths
- N/ASqFt
- 2005Year Built
- 0.00Acres
- 21 yearsEst Age
- MLS# 6967518
- Multifamily
- Multiple Dwellings
- Active
- 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