8501 E Camino Vivaz - Assisted Livings FOR SALE


Scottsdale, AZ 85255- North Scottsdale
$3,000,000 USD
480-766-2973
8501 E Camino Vivaz, Scottsdale, AZ for Sale
$3,000,000 USD
Assisted Livings - FOR SALE
1/5
null | 14% Cap Rate

NEW


8501 E Camino Vivaz
Scottsdale, AZ 85255
North Scottsdale


HIGHLIGHTS

  • Turnkey Operation
  • Licensed for 10 residents
  • Scottsdale's growing senior population provides a continuously expanding client base, ensuring sustained occupancy and profitability.
  • Fully operational facility comes staffed with highly trained caregivers and management

OVERVIEW

We are pleased to present an exceptional investment opportunity with this turn key, fully furnished and occupied, 10-bedroom 9-bathroom luxury assisted living home located in the prestigious area of Scottsdale, Arizona. This exclusive offering provides the astute investor seeking cash flow and a higher cap rate, the chance to acquire a Class 'A' property in one of the nation’s most desirable communities for senior living. Situated in North Scottsdale, this property offers serene desert landscapes combined with upscale living, catering to a sophisticated lifestyle. The residence is ideally located near premium healthcare facilities, lush parks, renowned Kierland and Fashion Square shopping centers, and gourmet dining, ensuring comfort and convenience for its occupants. The Scottsdale area is renowned for its high quality of life, making it an attractive destination for retirees looking for luxury and tranquility. See this City of Scottsdale sponsored website for more area info: https://www.choosescottsdale.com/about/why-scottsdale The facility is licensed through AZDHS for a maximum of 10 assisted living residents. Ground level features: 10 fully furnished bedrooms, 9 with en-suite bathrooms, 1 hall bathrooms, spacious living room, family room, laundry room, office, garage with plenty of storage, a gourmet chefs kitchen, formal dining area, and a multiple common seating areas, all designed to promote an active and social lifestyle. Outdoor features boast beautifully maintained gardens, a walking path, and a tranquil patio area ideal for relaxation and social gatherings. Value add opportunity includes adding signage off the main road for advertising, and increasing rents. There are flexible management options to consider. The current award-winning management team, with years of experience in the industry, is available to stay on and continue managing operations seamlessly. Alternatively, new owners can opt for training and a smooth transition with the current staff in place, ensuring a seamless takeover of operations. Currently operating at full occupancy, this home boasts a gross monthly income exceeding $60,000 and an annual gross income surpassing $700,000! Don't miss this exceptional opportunity to own a thriving residential assisted living home with the potential for further growth and profitability. Schedule a private tour today!

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$670 USD /SF

CAP RATE

14%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

North Scottsdale Luxury Assisted Living

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Assisted Livings

ADD'L SUBTYPES

Congregate Senior Housing

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

212-03-016

ASK ABOUT THIS PROPERTY

Jake CrawfordCrawford Commercial, powered by EXP RealtyMore Info
480-766-2973

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Jake CrawfordCrawford Commercial, powered by EXP RealtyMore Info
480-766-2973

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