15456 W Morning Glory Street, Goodyear, AZ 85338

Local realty services provided by:CENTURY 21 Northwest Realty
15456 W Morning Glory Street,Goodyear, AZ 85338
$825,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: linda s gerchick
Office: gerchick real estate
MLS#:6967518
Source:ARMLS

Price summary

  • Price:$825,000

About this home

7.50% Cap Rate on Stabilized Assisted Living Investment 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

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Home facts

  • Year built:2005
  • Listing ID #:6967518
  • Updated:March 03, 2026 at 12:48 AM

Rooms and interior

  • Flooring:Ceramic Tile, Vinyl

Heating and cooling

  • Cooling:Ceiling Fan(s), Heat Pump
  • Heating:Heat Pump, Individual Heating

Structure and exterior

  • Year built:2005
  • Construction Materials:Painted, Stucco

Utilities

  • Water:City Franchise, Master Meter

Finances and disclosures

  • Price:$825,000
  • Tax amount:$1,924 (2025)
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