MLS# 7073443 – 26808 N 24th Avenue, Phoenix, AZ 85085

Price: $1,350,000
Lot Size Acres: 0.20
Lot Size SqFt: 8,776
Status: Active
Days on Website: 5

Courtesy of Gile Commercial Real Estate

Property Description

Excellent investment opportunity! This Residential Assisted Living (RAL) property features **10 full bedrooms and 5 full bathrooms** and is currently leased through **March 2029**, providing immediate and predictable rental income. Current lease rate is **$8,500 per month ($102,000 annually)**. Offered at **$1,350,000**, providing an approximate **7.56% cap rate before owner-paid expenses**. Tenant is responsible for **all utilities and property maintenance**, making this an attractive low-management opportunity for a passive investor. Ideal for investors seeking stable cash flow with an established RAL operator already in place. Please do not disturb tenant. Buyer to verify all facts, figures, licensing, zoning, lease terms, and financial information.

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Property Details and Features

  • Property Access
  • Road Surface: Asphalt
  • Building
  • Living area: 3540.0
  • Cooling
  • Central Air
  • Ceiling Fan(s)
  • Disclosures
  • None
  • Heating
  • Natural Gas
  • Income
  • Net Operating Income: $102,000
  • Listing
  • Listing ID: 7073443
  • Standard Status: Active
  • MLS Status: Active
  • 5 days on market
  • Location
  • Subdivision: VALLEY VISTA PARCEL A AMD
  • County/Parish: Maricopa
  • Lot
  • 0.2 acres
  • Parking
  • 2 covered spaces
  • 2 open parking spaces
  • Free
  • Sewer
  • Public Sewer
  • Taxes
  • Parcel Number: 210-19-614
  • Public Survey Range: 2E
  • Public Survey Section: 36
  • Tax Book Number: 210.00
  • Utilities
  • Water Source: City Franchise
  • Other (See Remarks)

Property Map

$1,350,000 – 26808 N 24th Avenue, Phoenix, AZ 85085

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This content last updated on September 5, 2026 5:01AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.