$800,000
15456 W MORNING GLORY Street
Goodyear, AZ 85338
MLS# 6967518



Cozy shared bedroom with vintage details
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Cozy shared bedroom with vintage details Mediterranean-style home with green lawn Cozy bedroom with colorful accents Cozy Jack and Jill bathroom Inviting patio on a sunny day Mediterranean-style home in daylight Modern bathroom with double vanity Modern bathroom with glass and wood acce Modern Kitchen with Island Bright and inviting bathroom Parisian Style Bedroom Patio with Bright Patio Furntiture Tenant Serene Bedroom Warm kitchen workspace with lovely cabin Backyard with pebbled landscaping and wa goodyear_downtown_vertical

Property Description
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

Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $800,000
List Price: $800,000
Status: Active
List Date: 2026-01-13
Location, Tax & Legal
Assessor's Map #: 4
Legal Description (Abbrev): LOT 393 CENTERRA MCR
Assessor's Parcel #: 655
Add'l Parcels: No
Tax Municipality: Goodyear
Census Tract: 61022
Taxes: 1924
Legal: LOT 393 CENTERRA MCR
Marketing Name: NN Leased MF
House Number: 15456
Compass: W
Street Name: MORNING GLORY
St Suffix: Street
City/Town Code: Goodyear
State/Province: AZ
Zip Code: 85338
Zip4: 6907
Country: US
County Code: Maricopa
Subdivision: CENTERRA
Assessor Number: 500-04-655
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 0
Lot Size Dimensions: n/a
Total # of Units: 6
Elementary School District: Avondale Elementary District
High School District: Agua Fria Union High School District
Year Built: 2005
Zoning: residential
Legal Info
Range: 1W
Section: 8
Township: 1N
Lot Number: 393
Project Type
5 - 12 Units: 1
Other (See Remarks): 1
Other Type
Other (See Remarks): 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Tile: 1
Floors
Vinyl: 1
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Personal Property: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 2793
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 0
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 0
Owner Association: Yes
Annual Ownr Asoc Fee: 600
Annual Other Expense: 0
Operating Exp: 5317
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 67200
Total Monthly Rental Income: 5600
Pmt & Rate Info
Cap Rate: 7.5
Equity: 825000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
Play Area: 1
Other: 1
Heating
Heat Pump: 1
Individual: 1
Cooling
Ceiling Fan(s): 1
Heat Pump: 1
Exterior Amenities
Landscape Water System: 1
Green Landscaping: 1
Desert Landscaping: 1
Fenced: 1
Curb(s) & Gutter(s): 1
Cable TV Available: 1
Sidewalk(s): 1
Patio/Balcony: 1
Security Light(s): 1
Interior Features
Fire/Smoke Alarm(s): 1
Mini Blinds: 1
Breakfast Bar: 1
Tenant Pays
Gas: 1
Water: 1
Sewer: 1
Electricity: 1
Trash Collection: 1
Cable TV: 1
Landscaping: 1
Other (See Remarks): 1
Appliances Included
Dishwasher: 1
Disposal: 1
Microwave: 1
Refrigerator: 1
Built-In Range: 1
W/D Hookup: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Road Responsibility
City Maintained Road: 1
Water Source
City Franchise: 1
Master Meter: 1
Sewer
Sewer - Public: 1
Parking Features
Garage: 1
Paved: 1
Garage Door Opener: 1
Attached Garage: 1
Electric
APS: 1
Master Meter: 1
Gas
SW Gas: 1
Master Meter: 1
Owner Pays
None: 1
See Remarks: 1
New Financing
Cash: 1
Conventional: 1
No Carry: 1
Other (See Remarks): 1
Reports/Disclosures
Seller Prop Disc Stm: 1
APOD/Backup Avaible: 1
Sch of Personal Prop: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: Estrella Parkway/Van Buren St
Geo Lat: 33.444606
Geo Lon: -112.39123
Income Expenses
Gross Annual Sch Inc: 67200
Net Operating Income: 61883
Property Features
Project Type: 5 - 12 Units; Other (See Remarks)
Other Type: Other (See Remarks)
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Tile
Floors: Vinyl; Ceramic Tile
Sale Includes: Land & Building; Personal Property
Community Features: Play Area; Other
Exterior Amenities: Landscape Water System; Green Landscaping; Desert Landscaping; Fenced; Curb(s) & Gutter(s); Cable TV Available; Sidewalk(s); Patio/Balcony; Security Light(s)
Interior Features: Fire/Smoke Alarm(s); Mini Blinds; Breakfast Bar
Appliances Included: Built-In Range; Refrigerator; Dishwasher; Disposal; Microwave; W/D Hookup
Heating: Individual; Heat Pump
Cooling: Ceiling Fan(s); Heat Pump
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: APS; Master Meter
Gas: SW Gas; Master Meter
Parking Features: Garage; Garage Door Opener; Paved; Attached Garage
Road Surface Type: Asphalt
Road Responsibility: City Maintained Road
Owner Pays: None; See Remarks
Tenant Pays: Water; Sewer; Electricity; Gas; Trash Collection; Cable TV; Landscaping; Other (See Remarks)
Source of Fincl Data: Owner
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
New Financing: Cash; Conventional; No Carry; Other (See Remarks)
Environmental: None
Supplements
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

IDX
Listing Office: Gerchick Real Estate

Last Updated: April - 09 - 2026

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