Scottsdale, AZ 85254,4918 E KAREN Drive
Scottsdale, AZ 85254,4918 E KAREN Drive
Scottsdale, AZ 85254,4918 E KAREN Drive
23
$950,000
Est.Price: ?

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4918 E KAREN Drive Scottsdale, AZ 85254

Est. payment /mo
SOLD DATE : 06/12/2023

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Key Details

Sold Price $950,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Santiago

MLS Listing ID 6545057

Sold Date 06/12/23

Originating Board Arizona Regional Multiple Listing Service (ARMLS)

Year Built 1985

Annual Tax Amount $3,405

Tax Year 2022

Lot Dimensions n.a

Property Description

Looking for an exceptional investment opportunity in the assisted living sector? Look no further than this beautiful Scottsdale 10 bed assisted living facility!

Boasting an impressive net operating income of $79,115.04, this facility is a proven moneymaker, with the owner earning a steady $7,000 per month in rental income.

The property features 10 spacious and comfortable bedrooms, providing a warm and inviting environment for its residents. The current leases are below market rates, providing the potential for significant income growth for the new owner. The current lease expires on 4/30/24.

The owner of the property covers the cost of insurance, home warranty, and property taxes, ensuring a hassle-free investment experience.

Location

State AZ

County Maricopa

Community Santiago

Zoning R1-10

Interior

Heating Electric

Cooling Other

Flooring Ceramic Tile, Vinyl

Appliance BI Oven/Range, Microwave, Washer/Dryer, W/D Hookup

Exterior

Community Features Other

Roof Type Tile

Total Parking Spaces 2

Garage Yes

Building

Sewer Public Sewer

Water City Franchise

New Construction No

Schools

School District Paradise Valley Unified District

Others

Senior Community No

Tax ID 215-67-501

Acceptable Financing Conventional, 1031 Exchange

Listing Terms Conventional, 1031 Exchange

Financing Conventional

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Arizona Regional MLS (ARMLS)
Listed by W and Partners, LLC
Bought with W and Partners, LLC

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Silverleaf Realty

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+1(480) 502-6902

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