607 W VILLA RITA Drive, Phoenix, AZ 85023, Phoenix, 85023 - 6 bed, 4 bath
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Phoenix, AZ 85023
This Turnkey Business Opportunity is listed at $785,000, positioned above the $700,880 Fair Market Value. While priced at a premium, the property features an active 10-resident assisted living license, fully furnished interiors, and high-end granite countertops and travertine flooring. With a Condition Rating of 3, this asset is move-in ready for immediate operation. The permitted garage conversion maximizes capacity, though the lack of covered parking and lower-rated local schools should be noted. This is a strategic acquisition for Buy-and-Hold Investors or Healthcare Entrepreneurs.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 607 W VILLA RITA Drive Subject | $785,000* List Price | 6 | 4 | 2,853 | $246 | - |
A 16607 N 7TH Drive Sold | $615,000 | 4 | 3 | 3,018 | $204 | 0.9 mi |
B 735 W AIRE LIBRE Avenue Sold | $670,000 | 4 | 3 | 3,018 | $222 | 0.9 mi |
C 735 W AIRE LIBRE Avenue Sold | $670,000 | 4 | 3 | 2,706 | $248 | 0.9 mi |
D 16607 N 7TH Drive Sold | $615,000 | 4 | 3 | 3,018 | $204 | 0.9 mi |
E 735 W AIRE LIBRE Avenue Sold | $670,000 | 4 | 3 | 3,018 | $222 | 0.9 mi |
F 108 W VILLA RITA Drive Sold | $575,000 List Price | 5 | 4 | 2,336 | 0.4 mi | |
G 1002 W KELTON Lane Active | $549,999 List Price | 4 | 3 | 2,330 | $236 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1996 (30 years old), the property features significant upgrades including granite countertops, travertine, and laminate flooring. It is well-maintained, fully functional, and meets current health department codes for an active assisted living license, making it move-in ready.
The property includes an active license for a 10-resident assisted living facility and comes fully furnished, providing an immediate revenue-generating opportunity for investors.
High-end finishes including granite countertops, travertine, and laminate flooring throughout offer a modern, durable, and upscale environment for residents or owners.
With 6 bedrooms in the main house and a permitted garage conversion adding two more rooms, the property maximizes square footage for high-occupancy use.
The conversion of the garage into living space eliminates traditional covered parking and storage, which may be a drawback for standard residential buyers.
The assigned middle school has a low rating of 2, which could limit the property's long-term appreciation potential and appeal to traditional families.
ASSISTED LIVING HOME, ACTIVE license for 10 residents, not occupied yet. Business and real estate included. Upgrades; granite tops, travertine and laminate flooring. Fenced pool and spa. Garage was converted and has two bedrooms and half bath (not included in total bedrooms/baths, City Permitted and by the code with Health Department). Could be converted back to garage. Fully furnished.
No exterior & parking available.
Grades PK-6 • 0.4 mi
Grades 7-8 • 3.5 mi
Grades 9-12 • 2.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 3.0 | 99% |
| Baths | 4.0 | 2.0 | 93% |
| Square foot | 2,853 | 1,754 | 89% |
| Lot Size | 7,146 | 7,673 | 45% |
| Price | $785.0K | $349.0K | 96% |
| Price per sq ft | $275 | $220 | 72% |
| Built year | 1996 | 1985 | 75% |
| HOA | $110 | $0 | 70% |
| Days on market | 13 | 1878 | 1% |
May 30, 2026
$785,000
Initial Listing