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John Herkenrath

johnherkenrath@epiquerealty.com +1(310) 221-2910

$475,000

Est. payment - /mo

8 Beds

3 Baths

2,459 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,459 sqft

Price per Sqft $193

Subdivision Maryvale Terrace 4 Amd

MLS Listing ID 7054423

Style Ranch

Bedrooms 8

Full Baths 3

HOA Y/N No

Year Built 1958

Annual Tax Amount $1,245

Tax Year 2025

Lot Size 7,732 Sqft

Acres 0.18

Property Sub-Type Single Family Residence

Source Arizona Regional Multiple Listing Service (ARMLS)

Property Description

Welcome to an exceptional opportunity for group home, sober living, and assisted living home operators! This fully-furnished 8 bedroom/3 bathroom residence is tailor-made for your next turnkey investment venture. Recently renovated, this property boasts thoughtful enhancements, including an expanded dining area featuring an additional refrigerator and cabinets, designed specifically to cater to increased bedroom capacity. Brand new 5 ton HVAC and ductwork installed 2023 which means proper and efficient airflow for every single bedroom. Currently, the individually leased bedrooms are commanding a total rental income of approximately $6000, yielding an impressive 10% cap rate.

Location

State AZ

County Maricopa

Community Maryvale Terrace 4 Amd

Area Maricopa

Direction South on 61st Ave, Right onto Indianola, home is on the left

Rooms

Other Rooms Great Room, Family Room

Master Bathroom None

Den/Bedroom Plus 8

Separate Den/Office N

Interior

Interior Features Non-laminate Counter, High Speed Internet, Breakfast Bar

Heating Electric

Cooling Central Air, Ceiling Fan(s)

Flooring Concrete

Fireplace No

Appliance Refrigerator, Built-in Microwave, Dishwasher, Disposal

SPA None

Laundry Inside, Wshr/Dry HookUp Only

Exterior

Exterior Feature Storage

Fence Block

Utilities Available SRP

Roof Type Composition

Porch Covered Patio(s), Patio

Private Pool No

Building

Lot Description North/South Exposure, Dirt Front, Dirt Back

Story 1

Builder Name Unknown

Sewer Public Sewer

Water City Water

Architectural Style Ranch

Structure Type Storage

New Construction No

Schools

Elementary Schools Sunset School

Middle Schools Estrella Middle School

High Schools Maryvale High School

School District Phoenix Union High School District

Others

HOA Fee Include No Fees

Senior Community No

Tax ID 103-35-048

Ownership Fee Simple

Acceptable Financing Cash, Conventional, FHA

Horse Property N

Disclosures Agency Discl Req, Seller Discl Avail

Possession Close Of Escrow

Listing Terms Cash, Conventional, FHA

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Listed by My Home Group Real Estate • Belinda W Li

NEARBY SCHOOL & BUSINESS

"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."

+1(310) 221-2910

johnherkenrath@epiquerealty.com

3435 E Thousand Oaks Blvd #6354, Westlake Village CA 91359

6201 W INDIANOLA Avenue Phoenix, AZ 85033