UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Centerra
MLS Listing ID 6967518
Year Built 2005
Annual Tax Amount $1,924
Tax Year 2025
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
Proven 3-Year Operator Just Renewed for 5 More Years
$61,883 NOI Operating Income
$67,200 Gross Annual Income with Escalations Through 2030
NN Lease Structure - Owner Pays Only Taxes, Insurance & $50 HOA
Tenant Paid January, February & March 2026
Built-In Rent Increases Locked Through 2030
Low Expense Ratio - Strong Yield Profile
Growing Goodyear Senior Housing Demand EXECUTIVE SUMMARY
7.50% Cap Rate | NN Leased Residential Investment | 5-Year Lease
This offering consists of a single-family residence leased to an established care operator under a long-term lease structure. The property is being offered as a real estate investment only. The operating business, license, and care operations are not included in the sale.
The tenant has successfully operated at the property for approximately three years and executed a new five-year lease beginning January 12, 2026, providing renewed contractual income stability and built-in rent growth.
The property is offered at $825,000, delivering a true 7.50% cap rate based on verified income and actual operating expenses.
Income Overview
Base Rent: $5,600 per month
Annualized Rent: $67,200
Scheduled increases:
Year 2: $5,700/month
Year 3: $5,800/month
Year 4: $5,900/month
Year 5: $6,000/month
The tenant has paid January, February, and March 2026 under the new lease term, confirming continued operational performance.
Operating Expenses (Actual)
Insurance: $2,793
Property Taxes (2025): $1,924
HOA: $600
Total Annual Expenses: $5,317
NOI Operating Income (Year 1): $61,883
Investment Highlights
Single-tenant residential income property
Proven three-year operating history at location
Newly executed 5-year lease (January 2026)
Contractual annual rent increases
True 7.50% cap rate based on actual expenses
Low expense structure
Predictable cash flow profile
Needs-based tenant use
Valuation & Underwriting Consideration
This asset should be evaluated based on its income performance and lease structure. As a single-family residence leased to an operator, traditional owner-occupied comparable home sales may not fully reflect the investment value of the property.
This opportunity is well suited for investors seeking stable yield, limited management intensity, and long-term lease security supported by a needs-based tenant.
Buyer to verify all Facts and Figures
Location
State AZ
County Maricopa
Community Centerra
Area Maricopa
Zoning residential
Interior
Heating Individual, Heat Pump
Cooling Ceiling Fan(s), Heat Pump
Flooring Ceramic Tile
Appliance Built-In Range, Disposal, Dishwasher, Refrigerator, Microwave, W/D Hookup
Exterior
Exterior Feature Sidewalk(s)
Parking Features Attached Garage, Paved, Garage Door Opener
Community Features Other, Play Area
Roof Type Tile
Garage Yes
Private Pool No
Building
Sewer Public Sewer
Water Master Meter, City Franchise
Structure Type Sidewalk(s)
New Construction No
Schools
School District Agua Fria Union High School District
Others
Senior Community No
Tax ID 500-04-655
Acceptable Financing Other (See Remarks), No Carry, Conventional
Disclosures Seller Prop Disc Stm, APOD/Backup Avaible, Sch of Personal Prop
Listing Terms Other (See Remarks), No Carry, Conventional
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