28428 Rambling Rock CtWittmann, AZ 85361

Property Details for 28428 Rambling Rock Ct

Year built

2006

Construction

FRAME

Lot size

1.00 AC

Property size (Sq ft)

3,155 SF

Zone code

RU-43

Property type

Healthcare properties

Property subtype

Assisted living facilities

APN

503-34-214

APU

50334214

Description

This exceptional 9-unit assisted living facility in Wittmann, Arizona, presents a unique investment opportunity. The 3,155 square foot building, constructed in 2006, sits on approximately one acre of land (APN 503-34-214) and is zoned RU43. Currently operating as a successful business, it offers a turnkey operation with existing residents and employees. The property boasts a strong 10% capitalization rate and a price per square foot of $475.43, with an asking price of $1,500,000. Services offered include assistance with activities of daily living, medication administration, and access to various therapies (depending on insurance coverage). The facility is staffed with trained and certified caregivers, adhering to Arizona Department of Health Services standards. Comprehensive documentation of care and medication is maintained. This is an ideal opportunity for an individual seeking to enter the assisted living market or expand an existing operation. The property's established clientele and operational infrastructure provide a solid foundation for continued success.

• CAP approach

  CAP return

  Valuation

  6%

  $683,717

  6.5%

  $631,123

  7%

  $586,043

• Comparable approach

  Method

  Valuation

  Relative Method

  $559,295

  Geo Method

  $559,295

• Alternative Use

  Use

  Valuation

  Residential

  $800,606

  Hospitality

  $733,351

  Educational

  $610,139

  Medical

  $631,123

  Retail

  $949,106

Location Insight

City

Wittmann

County

Maricopa

State

Arizona

Latitude

33.7409

Longitude

-112.559

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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