8333 E Quarterline Rd - Turnkey 10bed RAL in in Prime Mesa Location

Opportunity:
We are pleased to present a rare investment opportunity to acquire a high end 5,400sf 11-bedroom 8-bathroom assisted living home on a 1 acre lot in the highly south after East Mesa area! This exclusive offering provides the astute investor seeking cash flow and a higher cap rate, the chance to acquire a property in one of the nation’s most desirable communities for senior living. This 11bd home has consistent gross monthly income exceeding $45,000/mo and an annual gross income surpassing $540,000! Don't miss this exceptional opportunity to own high end residential assisted living home with the potential for further growth and profitability.
Why Mesa:
With over 300 days of sunshine annually, Mesa offers a warm, dry climate that is ideal for retirees. The weather promotes year-round outdoor activities, which are beneficial for residents' well-being and health. Mesa also boasts a highly competitive cost of living, making it an attractive and budget-friendly option for residents, and strong healthcare infrastructure, including access to top medical providers. As a growing retirement destination, Mesa's increasing demand for assisted living facilities makes it a prime investment opportunity for operators seeking a vibrant, supportive environment with long-term potential.
Licensing:
The facility is licensed through AZDHS for a maximum of 10 assisted living residents. Additional facility features include a guest hall bathroom, live-in caregiver suite, laundry room, spacious living room and family room, a gourmet chefs kitchen, ample storage, formal dining area, and multiple common seating areas, all designed to promote an active and social lifestyle. Outdoor features boast beautifully maintained mature landscaping, large covered patio space, a walking path, and a tranquil outdoor area ideal for relaxation and social gatherings. With only 689 licensed 10-bedroom assisted living homes in Maricopa County, this residence, there are very few 5,000sf+ 1 acre lot assisted living homes in the Valley.
Value Add Opportunity for Expansion:
Value add opportunity includes applying for a 16bd exemption with the City of MEsa to add on 6 additional bedrooms. The 16bd value add could increase month gross income to $72,000 and annual gross income to $864,000!