Lockwood Real Estate Group logo. WM Partners. Phoenix Scottsdale Real Estate Agent.

Start of property details

Share this property:
26808 N 24TH Avenue
Phoenix, AZ 85085
FOR
SALE
$1,350,000
Active
0.20
Acres
MLS# 7073443
Cumulative Days on Market: 43 · Includes prior listings · Currently listed since 08/31/26 · Data provided by the MLS.

Property Description

Excellent investment opportunity! This Residential Assisted Living (RAL) property features * * 10 full bedrooms and 5 full bathrooms * * and is currently leased through * * March 2029 * * , providing immediate and predictable rental income. Current lease rate is * * $8, 500 per month ($102, 000 annually) * * . Offered at * * $1, 350, 000 * * , providing an approximate * * 7.56% cap rate before owner-paid expenses * * . Tenant is responsible for * * all utilities and property maintenance * * , making this an attractive low-management opportunity for a passive investor. Ideal for investors seeking stable cash flow with an established RAL operator already in place. Please do not disturb tenant. Buyer to verify all facts, figures, licensing, zoning, lease terms, and financial information.

Ask a Local Expert

Submit Question

Property Highlights

Property Type
Business Opportunity
Living Area
3,540
Price / Sqft
$381
Acres
0.20
Cumulative Days On Market
20

Location

City/Township
Phoenix
Subdivision
VALLEY VISTA PARCEL A AMD
County
Maricopa

Property Details

Price
$1,350,000
Property Type
Business Opportunity

Interior Features

Area and Spaces

Living Area
3,540

Interior Features

Electic
Other (See Remarks)

Heating and Cooling

Heating Features
Natural Gas
Cooling Included
Yes

Terms

Terms

Disclosures
None
Special Terms
1031 Exchange, Conventional, Lease Option
Cumulative Days On Market
20

Heating, Cooling & Utilities

Cooling Features
Central Air, Ceiling Fan(s)

Utilities

Sewer
Public Sewer
Water Source
City Franchise

Lot

Acres
0.20
Lot Size
8,776
Lot Size Area Sq Ft
8,776
Road Surface
Asphalt

Parking

Covered Spaces
2
Parking Features
Free
Listed by Gile Commercial Real Estate, 602-980-3171
Listing Data last updated 09/30/2026 09:40 pm
Get a Link to this Property: Copy To Clipboard
QR Code link to this property

Phone:
Connect with:

Payment Calculator

per month. fixed. % interest.
$
%
$
%
Principal & Interest
+ Home Insurance
+ Property Tax
+ HOA Fees
per month
Total interest paid over s will be:
All estimates and provided for informational purposes only. Actual amounts may vary. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. Information, rates, programs and loan scenarios shown are for example only as of 1-Oct-2026 and are subject to change without notice. Interest rates provided by the St. Louis Federal Reserve Economic Data (FRED). All products are subject to credit and property approval. Not all products are available in all states or for all loan amounts. Other restrictions and limitations apply. Contact your preferred lender for the pricing associated with your specific transaction. Calculations are generated by Open Source mortgage calculation software tools using common mathematical formulas. All calculations should be independently verified.
Get Walk Score Content

Property History

11 days ago
Property information last updated
30 days ago
Status Active. This is the date the listing was placed on market.
Cumulative Days on Market: 43 days (includes prior listings) · Currently listed since August 31, 2026. Data provided by the MLS.

Similar Properties
26808 N 24TH Avenue - MLS#7073443 - $1,350,000
Listed by Gile Commercial Real Estate, Luis Espinoza
Scroll to Top
Facebook Instagram Youtube Google

Do You Know What Your Home is Worth?

Receive a free, personalized report including recent nearby sales.
By submitting this form, your Home Search Service account will be established and you agree to our Terms Of Use and Privacy Policy. You do not need to consent to texts as a condition of buying a property, goods or services. You agree that Claudia Lockwood, Lockwood Real Estate Group, our staff or lenders may contact you about your inquiry by phone or email. You can unsubscribe from emails at any time using the link in any message.