3569 E UTOPIA Road, Phoenix, AZ 85050, Phoenix, 85050 - 4 bed, 2 bath
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Phoenix, AZ 85050
This Licensed Assisted Living Facility is a High-Potential Investment Opportunity listed at $699,900. The pricing reflects its specialized income-generating status and projected 20% ROI, offering a unique yield compared to the $602,011 Fair Market Value for standard residential use. Featuring a Condition Rating of 3, the property includes updated laminate flooring and a prime corner-lot location near Top-Rated Schools. This turnkey asset is perfectly positioned for long-term value near Desert Ridge and major medical hubs. It is an elite acquisition for Healthcare Real Estate Investors or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3569 E UTOPIA Road Subject | $699,900* List Price | 4 | 2 | 1,899 | $317 | - |
A 18820 N 35th Way Sold | $589,500 | 4 | 3 | 1,972 | $299 | 0.3 mi |
B 19858 N 33RD Place Sold | $539,500 | 4 | 2 | 1,849 | $292 | 0.5 mi |
C 3425 E SEQUOIA Drive Sold | $580,000 | 4 | 2 | 1,840 | $315 | 0.2 mi |
D 3444 E Tonto Lane Sold | $565,000 | 4 | 2 | 1,624 | $348 | 0.3 mi |
E 3537 E KERRY Lane Sold | $575,000 List Price | 4 | 2 | 1,899 | 0.1 mi | |
F 18820 N 35TH Way Sold | $589,500 | 4 | 3 | 1,972 | $299 | 0.3 mi |
G 3525 E WICKIEUP Lane Active | $549,000 List Price | 4 | 2 | 1,624 | $338 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1994, the property is well-maintained and move-in ready, particularly for its specialized use as an assisted living facility. The interior features updated wood-look laminate flooring and modern Maytag laundry appliances. While the home is 30 years old, the visible components show minimal wear and tear, suggesting regular upkeep and partial updates that elevate it above a 'fair' condition.
As a licensed assisted living facility for nine residents with a projected 20% ROI, this property represents a lucrative, turnkey opportunity for healthcare real estate investors.
The property is ideally situated near Desert Ridge with immediate access to Loop 101 and SR-51, and is conveniently close to major medical hubs including the Phoenix VA and local hospitals.
The corner-lot positioning provides enhanced privacy, superior curb appeal, and increased natural light, which complements the functional open floor plan.
The specialized configuration as a licensed care facility may limit the property's appeal to traditional residential buyers, narrowing the potential pool of purchasers.
With only two bathrooms serving a facility licensed for up to nine residents, the property may face operational challenges or require future plumbing upgrades to meet modern comfort standards.
This is a licensed assisted living home for 9 residents. Perfect investor opportunity to get a 20% ROI. Corner-lot property in a prime North Phoenix location near Desert Ridge with quick access to the Loop 101 and SR-51. Conveniently situated near major hospitals, the Phoenix VA, top schools, parks, and everyday amenities. Shopping, dining, and entertainment are just minutes away. The open floor plan offers excellent natural light and a functional layout, while the corner lot provides added privacy and curb appeal. An ideal location for accessibility, convenience, and long-term value.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 58% |
| Baths | 2.0 | 3.0 | 45% |
| Square foot | 1,899 | 1,962 | 48% |
| Lot Size | 6,205 | 6,106 | 53% |
| Price | $699.9K | $500.0K | 77% |
| Price per sq ft | $369 | $299 | 80% |
| Built year | 1994 | 1998 | 23% |
| HOA | $70 | $132 | 20% |
| Days on market | 109 | 1589 | 8% |
Jan 3, 2026
$699,900
Initial Listing