8007 N 7th Avenue, Phoenix, AZ 85021

Property Description

** NEW PRICE** Rental revenue of ~$200k/yr, see pro forma in docs tab. Welcome home to this extraordinary ranch-style residence, resting on an expansive half-acre lot with an astonishing 8 bedrooms- all generously sized- and 3.5 bathrooms. This gorgeous home is perfectly situated to offer you a lifestyle of comfort and convenience whether you choose to make this your forever home or a lucrative investment property- vacation rental or an assisted living facility! Furnishings can be included. When you first arrive, a circular driveway, 2-car garage (currently a game room that can be easily converted back to a garage) and low-maintenance landscaping greet you. From your first step inside, you will be captivated by the interior's many upgrades and a highly desirable open floor plan that is bathed in natural light. For those with an appetite for entertaining, this layout is simply perfect! Your great room features 2 sets of double doors that span the back wall and offer plentiful sunlight and convenient access to your outdoor entertainment area. The gourmet kitchen showcases white shaker cabinets, custom tile backsplash, new high-end GE Profile stainless steel appliances (including a wall oven and gas cooktop), quartz countertops, and a welcoming breakfast bar. The house has a split floor plan with expansive bedrooms and luxurious bathrooms featuring oversized showers (1 is barrier free / roll in) in addition to a freestanding tub, perfect for relaxation after a long day. You will love your private access via sliding doors (from 2 bedrooms!) that take you into your extraordinary backyard retreat, the ultimate paradise to bask in the Arizona sun. With a heated pool you can continue enjoying your outdoor oasis year round. Custom bar seating surrounds your hot tub so you won't need to go far for a cocktail! Games abound in this fun zone, challenge your friends to a tournament of bocce ball, putt putt, outdoor bowling and cornhole. For those that prefer to relax, this retreat features abundant seating around the fire pit and beyond- this backyard has something for everyone! It truly is perfect for enjoying your outdoor space and hosting unforgettable gatherings. If all that wasn't enough, the game room is another haven of entertainment with a ping pong table, a ring toss game, tabletop blackjack, and tabletop air hockey for countless hours of fun. Additionally, this home received registration approval from the City of Phoenix in 2021 as a 10-bed assisted living facility, presenting an incredible business and investment opportunity. The home already has fire sprinklers, fire monitoring panel and a 1 inch water meter which are all requirements to get the registration approved. With these enhancements already installed you will save ~$20k and a couple months of time! With all these features and this prime location; 20 minutes from Downtown Phoenix, 10 minutes to Biltmore, 10 minutes to uptown and numerous other shopping and restaurant options- you won't want to miss out on this incredible opportunity! Come see this beauty and how you could be living the lifestyle you've been dreaming of!