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33288026
33288044

East Jenan Drive, Scottsdale, AZ 85260

DR
AZ SA570484000
Prestige Realty
Listed by Prestige Realty
$8,999,900
3 days on market
Updated 2 days ago

Largest Luxury 10 Bed Assisted Living

Details
APN 217-26-200
Property Type Senior Living, Special Purpose
Sub Type Senior care residential, Nursing care (+1)
Square Footage 16,000
Units 12
Beds 21
Cap Rate 6.16%
NOI $554,400
Occupancy 90%
Tenancy Single
Class A
Year Built 1987
Year Renovated 2025
Buildings 3
Stories 1
Acreage 0.770
Zoning R-43
Parking Spaces 0.88 per 1,000 sq ft
Investment Type Owner/User
Ground Lease No

Senior Living | 6.16% CAP | 16,000 SqFt

Marketing description

This property presents a rare opportunity to acquire a premier assisted living and health care investment in one of Scottsdale’s most desirable residential corridors. Offered at $8,999,900, this approximately 16,000 SF continuing care retirement property sits on 0.77 acres and is recognized as one of the largest residential assisted living facilities in Arizona.

Designed as an elegant private estate while operating as a highly functional care home, the property features 21 bedrooms, 22.5 bathrooms with walk-in showers, 3 large kitchens, 5 laundry rooms, a rehab room, office, salon, and 2 casitas. Beautiful interiors, expansive common areas, abundant natural light, landscaped courtyards, shaded patios, and a large backyard create a welcoming environment for residents and visitors alike.

This turnkey investment offers an established 11-year operating history, strong private-pay performance, and stable cash flow with average gross income of approximately $115,000 per month ($1.3 million annually), making it ideal for investors or owner-operators seeking scale, reputation, and immediate income in a prime Scottsdale location.

Investment highlights

  • One of the largest residential assisted living facility with over 16,000 square feet of living space under the roof line.
  • High and stable cash flow private-pay model that generates an average gross income of $115,000 per month or $1,300,000 per year.
  • Well-established and efficient systems for staff who enjoy their own private quarters, care delivery, compliance, and family communication.
  • 21 bedrooms, 22.5 bathrooms with walk-in showers, 3 large kitchens, 5 laundry rooms, a rehab room, an office, a salon, and 2 casitas.
  • 11 Years of operation with an outstanding reputation in the local market, which is ideal for owner-operators with large families or investors.
  • Uniquely designed as an elegant private residence, yet highly efficient and functional as a residential care home.

Listing Contacts

DR
AZ SA570484000
Prestige Realty
Listed by Prestige Realty

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$554,400.00
$46,200.00/mo

Valuation Metrics

0
DSCR
6.16%
Cap Rate
6.16%
ROI

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Additional Information

Name
Richard L Snapp
License
CO52531700
Brokerage
Prestige Realty LLC
Title
Broker of Record
Brokerage Address
17505 N 79th Ave Suite 305G, Glendale AZ 85308
Name
Daniel Robescu
License
SA570484000
Brokerage
Prestige Realty LLC
Brokerage Phone
6238668784
Title
Realtor
Brokerage Address
17505 North 79th Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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