15456 W Morning Glory St - Health Care FOR SALE


Goodyear, AZ 85338- Canyon Trails
$750,000 USD
602-688-9279
15456 W Morning Glory St, Goodyear, AZ for Sale
$750,000 USD
Health Care - FOR SALE
1/22
null | 8.25% Cap Rate

15456 W Morning Glory St
Goodyear, AZ 85338
Canyon Trails


HIGHLIGHTS

  • Single-family home leased to established assisted care operator/Attractive passive investment with reduced management intensity
  • NN lease structure with predictable operating profile
  • New 5-year lease recently executed
  • Two additional 5-year tenant renewal options
  • Initial rent of $5,600/month increasing to $6,000/month by Year 5
  • True 7.5% cap rate at $825,000 purchase price/Needs-based tenant providing long-term demand stability

OVERVIEW

7.50% Cap Rate | NN Leased Residential Investment | 5-Year Lease This 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 Overview Base Rent: $5,600 per month Annualized Rent: $67,200 Scheduled increases: Year 2: $5,700/month Year 3: $5,800/month Year 4: $5,900/month Year 5: $6,000/month The tenant has paid January, February, and March 2026 under the new lease term, confirming continued operational performance. Operating Expenses (Actual) Insurance: $2,793 Property Taxes (2025): $1,924 HOA: $600 Total Annual Expenses: $5,317 Net Operating Income (Year 1): $61,883 Investment Highlights Single-tenant residential income property Proven three-year operating history at location Newly executed 5-year lease (January 2026) Contractual annual rent increases True 7.50% cap rate based on actual expenses Low expense structure Predictable cash flow profile Needs-based tenant use Valuation & Underwriting Consideration This 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.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$413 USD /SF

CAP RATE

8.25%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NN-Leased Single-Family Investment | Assisted

PROPERTY TYPE

Health Care

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

PAD

APN/PARCEL ID

500-04-655

ASK ABOUT THIS PROPERTY

Linda GerchickGerchick Real EstateMore Info
602-688-9279

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Linda GerchickGerchick Real EstateMore Info
602-688-9279

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.