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Listing Details

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School Ratings & Info

Description

**24/7 VIRTUAL TOUR OPEN HOUSE- 360 Tour-ON PHOTOS TAB**''DO NOT DISTURB OCCUPANTS**Unique opportunity to Own this property in Surprise. This is a fully operational Assisted Living Home. Fully Licensed and the license stays with the home. TENANTS RIGHTS, PLEASE DO NOT DISTURB OCCUPANTS. Current Lease is at $3,500/Month with a 2% increase annually. Approx 57 months remaining on Lease.. This Cap Rate is approx 6.46% and is a TRUE Cap Rate as this is a triple net lease. Tenant pays upkeep and maintenance/repairs, HOA Dues, and Property Taxes. Excellent investment opportunity.

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© 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Kepple Real Estate Group | Capital REI. Data last updated 2021-09-17T08:12:28.743.
www.thekepplegroup.com/homes/121034704
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14210 N 138TH Court Surprise, AZ 85379

  • Price: $650,000
  • Status: Active
  • Updated: 22 min ago
  • MLS #: 6287740
0
Beds
0
Baths
0
½ Baths
0.22
Acres
2,299
SQFT
$283
$/SQFT
2004
Built
Neighborhood:
Litchfield Manor Parcels 4 and 5
County:
Maricopa
Area:
Surprise
Property Description
**24/7 VIRTUAL TOUR OPEN HOUSE- 360 Tour-ON PHOTOS TAB**''DO NOT DISTURB OCCUPANTS**Unique opportunity to Own this property in Surprise. This is a fully operational Assisted Living Home. Fully Licensed and the license stays with the home. TENANTS RIGHTS, PLEASE DO NOT DISTURB OCCUPANTS. Current Lease is at $3,500/Month with a 2% increase annually. Approx 57 months remaining on Lease.. This Cap Rate is approx 6.46% and is a TRUE Cap Rate as this is a triple net lease. Tenant pays upkeep and maintenance/repairs, HOA Dues, and Property Taxes. Excellent investment opportunity.
Exterior Features

Construction Frame - WoodStucco Covered Parking Spaces 3.00 Fencing Block Parking Other (See Remarks) Roofing Tile Stories 1 Story Total Parking Spaces 6.00 Uncovered Parking Spaces 3.00

Interior Features

Ceiling Height 8.1 Feet To 10 Feet Cooling Central A/C Flooring Ceramic TileOtherWood Heating Natural Gas Interior Features FinishedPrivate RestroomsSmoke Detector(S)

Property Features

Adjusted Gross Inc 42000.00 Building Type Other (See Remarks) Current Use See RemarksService Business Electric Aps Gas Sw Gas Gross Annual Sch Inc 42000.00 Hoa Fee 600.00 Hoa YN Yes Loading Facilities None Lot Number 9 Net Operating Income 42000.00 Other Income 0.00 Ownership Fee Simple Sewer Sewer - Public Source Of Financial Data Provided By Owner Taxes 1873.00 Vacancy Allowance 0.00 Water City Franchise Zoning R-5

Listing courtesy of Prestige Realty.


© 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Kepple Real Estate Group | Capital REI. Data last updated 2021-09-17T08:12:28.743.
 
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Kepple Real Estate Group | Capital REI
3010 N 67th Place, Suite 102
Scottsdale AZ, 85251