Luxury 10-Bed Assisted Living Home - Directed Care

Rare opportunity to own a 10-Bed Luxury Assisted Living Home on .095 acres, located in the Central Corridor. 10-Bedrooms and 11-bathrooms. Every resident has a master suite with private bathrooms, walk-in closets and most have a small living type room to entertain. This business is fully staffed with an experienced manager who operates the business seamlessly and deficiency free with the AZDHS. Sellers discretionary earnings have averaged over $200k annually and earning's are scheduled to increase in 2022. If you are looking for an investment with a CAP rate better than a residential rental property this is for you. Seller lives out of state and visits property quarterly while overseeing operations electronically (phone, email) when away. No special requirements to own but a licensed manager is required by the AZDHS which is in place. This property and business have been SBA Lender approved. Location: Phoenix, Arizona Year Established: 2001 Number of Employees: 11 Real Estate: Owned Building Sq. Ft.: 6,131 Facilities: Absentee owner operated. ADA approved, residential assisted living home on almost 1-acre with 6131 sq. ft. of living area, licensed for 10 with all 3-levels of care. Private pay, luxury accomodations. 90% occupancy rate. Fully furnished to accomodate 10-residents in a licensed group home since 2001. Well established business in the industry. Market Outlook/ Competition: Very little competition as a luxury group home. Average competition for an assisted living home. Growth & Expansion: Rate increase for 2022