This is a rare five-unit gated residential estate positioned for behavioral health operators seeking an investment acquisition in one of Phoenix's most desirable neighborhoods. The property combines institutional-grade operations infrastructure with the privacy and control of a secured campus-style layout—a configuration almost impossible to replicate in today's market.
Physical Asset:
Fully renovated five-unit estate on 0.48 acres with R-3 zoning and no HOA
One primary residence (3BR/2BA, 2,000+ SF) + four detached 1BR/1BA independent suites
Move-in ready with minimal capital improvement needs; 2022 full renovation
Private entrances on all units with controlled-access perimeter
Resort-style amenities: pool, spa, pavilion, landscaped recreation areas
11 parking spaces on secured grounds
Revenue & Occupancy Model:
Behavioral health daily rates at $320/occupant create immediate income potential
Current capacity: 4 independent residents (4BR equivalent)
Main residence reconfigurable to add 2-4 additional beds per AZDHS guidelines (10-14 occupant potential without footprint expansion)
Proforma annual revenue: $1.635M based on conservative occupancy assumptions
Cap rate: 25% | NOI: $718,750 annually
Why This Property Stands Out:
Campus-style privacy: Each resident has independent living space, therapeutic separation, and controlled access—essential for behavioral health models
Scalable occupancy: Unlike traditional single-family or multi-unit buildings, this property allows operational flexibility to grow from 4 to 10+ occupants without additional land or major construction.
Market scarcity: Opportunities like this rarely become available in Arcadia Lite; gated residential estates with this operational potential are limited inventory
Operational control: Fee-simple ownership, no HOA restrictions, no shared common area dependencies
Location premium: Heart of Arcadia Lite with proximity to major healthcare facilities (Phoenix Children's 12 min, Benner-University Medical Center 15 min), strong demographics ($94K median income, $181K avg household income, 39-year median age), and convenient access to the Camelback Corridor and Old Town Scottsdale
Flexible Use Opportunities:
Behavioral Health Facility (primary opportunity at current market rates)
Residential Treatment Home
Sober Living Residence
Supportive Housing / Transitional Living
High-touch residential care with privacy barriers
Executive or corporate housing