Properties

Goodyear, AZ 85338 15456 W MORNING GLORY Street

15456 W MORNING GLORY Street Goodyear, AZ - Image 115456 W MORNING GLORY Street Goodyear, AZ - Image 215456 W MORNING GLORY Street Goodyear, AZ - Image 3
11 more
15456 W MORNING GLORY Street Goodyear, AZ - Image 415456 W MORNING GLORY Street Goodyear, AZ - Image 515456 W MORNING GLORY Street Goodyear, AZ - Image 615456 W MORNING GLORY Street Goodyear, AZ - Image 715456 W MORNING GLORY Street Goodyear, AZ - Image 815456 W MORNING GLORY Street Goodyear, AZ - Image 915456 W MORNING GLORY Street Goodyear, AZ - Image 1015456 W MORNING GLORY Street Goodyear, AZ - Image 1115456 W MORNING GLORY Street Goodyear, AZ - Image 1215456 W MORNING GLORY Street Goodyear, AZ - Image 1315456 W MORNING GLORY Street Goodyear, AZ - Image 1415456 W MORNING GLORY Street Goodyear, AZ - Image 15
Presented By: Gerchick Real Estate; 602-688-9279
  • MLS# 6967518
  • 01/13/2026
  • Get pre-approved
  • Request Tour
  • Request Info
  • Garage • 1

Home Details

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 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
Presented By: Gerchick Real Estate; 602-688-9279

Interior Features for 15456 W MORNING GLORY Street

Bathrooms

Total Baths

Other Interior Features

Air Conditioning Y/NYes
FlooringCeramic Tile, Vinyl
Heating Y/NYes

General for 15456 W MORNING GLORY Street

Additional Parcels Y/NNo
Attached Garage No
Cap Rate7.5
Carport Y/NNo
CityGoodyear
Community FeaturesOther, Play Area
Construction MaterialsWood Frame, Painted, Stucco
CoolingCeiling Fan(s), Heat Pump
CountyMaricopa
DisclosuresSeller Prop Disc Stm, APOD/Backup Avaible, Sch of Personal Prop
ElectricAPS, Master Meter
Electric Expense0.0
Elementary School DistrictAvondale Elementary District
Fuel Expense0.0
Garage Y/NYes
Gross Income67200.0
HeatingIndividual, Heat Pump
High School DistrictAgua Fria Union High School District
Insurance Expense2793.0
Lease Considered Y/NNo
Lease Renewal Y/NNo
MaintenanceExpense0.0
MobileHomeRemainsYNNo
Net Operating Income61883.0
New ConstructionNo
New Financing: CashTrue
New Financing: ConventionalTrue
Number Of Units Total6
Occupancy TypeTenant
Open Parking Spaces0.0
Operating Expense5317.0
OwnerPaysSee Remarks, None
OwnershipFee Simple
OwnershipFee Simple
Property TypeMultiple Dwellings
Rent Control Y/NNo
RoofTile
Security FeaturesSecurity Light(s)
Senior CommunityN
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameCENTERRA
Tax Annual Amount1924.0
Tax Lot393
Tax Year2025
Township1N
Trash Expense0.0
Virtual TourClick here
Water Sewer Expense0.0
Year Built2005
Zoningresidential

Exterior for 15456 W MORNING GLORY Street

Covered Spaces2.0
Crops Included Y/NNo
Exterior AmenitiesSidewalk(s)
Irrigation Water Rights Y/NNo
Lot Dimensionsn/a
Number of Buildings1
Parking FeaturesAttached Garage, Paved, Garage Door Opener
Road Surface TypeAsphalt
SpaNo
Total Parking2.0
Water SourceMaster Meter, City Franchise

Additional Details

Price History

Connect Realty

Price $825,000
MLS#6967518
List Date 01/13/2026
Property Type Multi-Family
Phone 888.795.6274
Get pre-approved
Request Tour
Request Info
Visit My Website

Similar Properties to 15456 W MORNING GLORY Street

Contact Us

info@connectrealty.com
2170 Buckthorne PL. #100
The Woodlands, TX 77380
866-938-0924
  • This field is for validation purposes and should be left unchanged.