15456 W MORNING GLORY Street Goodyear, AZ $ 800,000
15456 W MORNING GLORY Street
$ 800,000
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15456 W MORNING GLORY Street

Goodyear, AZ, 85338
$ 800,000
Baths0.0

Monthly Estimate*

$ 4,926

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Studio

Multi-Family Home for sale in Goodyear, AZ

for $800,000. This home was built in 2005.

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

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Multi-Family Active

Price

$ 800,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 1,924

Style

Multiple Dwellings

Year Built

2005

Town/City

Goodyear

County/Region

Maricopa

MLS | Web ID

6967518

Features
General
Sewer Public Sewer
Heating Individual Heat Pump
Cooling Ceiling Fan(s) Heat Pump
Roof Tile
Zoning residential
Security Features Security Light(s)
Construction Materials Wood Frame Painted Stucco
Year Built 2005
Electric APS Master Meter
Township 1N
Tax Year 2025
Ownership Fee Simple Fee Simple
Gross Income 67200.0
Community Features Other Play Area
County Maricopa
Net Operating Income 61883.0
Operating Expense 5317.0
Insurance Expense 2793.0
New Construction N
Property Type Multiple Dwellings
Attached Garage N
MaintenanceExpense 0.0
Subdivision Name CENTERRA
Garage Y/N Y
Status Active
City Goodyear
Disclosures Seller Prop Disc Stm APOD/Backup Avaible Sch of Personal Prop
High School District Agua Fria Union High School District
Open Parking Spaces 0.0
Number Of Units Total 6
Carport Y/N N
Tax Annual Amount 1924.0
Electric Expense 0.0
Fuel Expense 0.0
Trash Expense 0.0
Water Sewer Expense 0.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://tours.arizonarealtours.com/2367574?idx=1
Standard Status Active
Occupancy Type Tenant
Elementary School District Avondale Elementary District
Tax Lot 393
Cap Rate 7.5
New Financing: Conventional True
Senior Community N
New Financing: Cash True
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Exterior
Exterior Amenities Sidewalk(s)
Parking Features Attached Garage Paved Garage Door Opener
Water Source Master Meter City Franchise
Total Parking 2.0
Number of Buildings 1
Spa N
Lot Dimensions n/a
Road Surface Type Asphalt
Covered Spaces 2.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Interior
Flooring Ceramic Tile Vinyl
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
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Internal Only
Street Number 1 15456
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* Excluded Features
List By
Gerchick Real Estate

Broker

Linda@justsoldit.com

Email

Affordability Calculator

$5,086
Per Month
97%
3%
0%
Monthly Principal & Interest
$4,926
Monthly Property Taxes
$160
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4328036 Elementary School
4327198 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/9/2026$800,000 -3.03% Price Down
1/13/2026$825,000 Listed Price

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15456 W MORNING GLORY Street, Goodyear, AZ, 85338 is a Multi-Family Home for sale at $800,000. 15456 W MORNING GLORY Street is a studio with 0.0 baths and was built in 2005. The property's zip code is 85338 which is in Goodyear, AZ