Listed by Kenneth O'Donnell of Urban House Realty
Set-it-and-forget-it income for 1031 buyers: 10% cap on year-1 rent, growing with 5% annual increases. Licensed assisted living home leased to an experienced operator, licensed by ADHS for 10 residents incl. directed care. New 5-year lease thru 8/2031 at $10,000/mo plus 5-year renewal option. NNN except roof & structure; tenant pays taxes, insurance, utilities & maintenance. Secured by 2 personal guaranties, a corporate guaranty from the licensed operator & $10K deposit. Fully renovated in 2026: fire sprinklers, interconnected smoke/CO detectors, upgraded electrical, new flooring & baths. Prepaid Sunrun solar thru 2032 lowers operator costs. Single-level 3,302 sq ft on a half acre. By appt only; do not disturb residents or staff.

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"Based on information submitted to Arizona Regional Multiple Listing Service as of October 31, 2026 10:02 AM EDT. All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing."

 
 

 

 

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