24832 N 91st Ave - Luxury 10bd Assisted Living Home 8,949 SF Health Care Building Offered at $5,923,250 CAD at a 13.95% Cap Rate in Peoria, AZ 85383

Situated in North Peoria, one of Arizona’s most strategically positioned and steadily expanding regions, this trophy assisted living property represents a rare opportunity to acquire a purpose-built, high-performing asset in a rapidly evolving market. Completed in 2019, the 8,949-square-foot residence is set on 1.22 gated acres and was thoughtfully designed to balance clinical functionality with residential comfort. The property features ten private ensuite bedrooms along with premium amenities including a salon, fitness room, and seamless indoor–outdoor living spaces with walking paths, a courtyard, covered lounges, and a bocce court, all framed by scenic mountain views. Currently generating over $78,000 per month in revenue, the asset delivers immediate, stable cash flow supported by modern design and strong operational fundamentals.
The property is located within the North Peoria submarket, an area increasingly recognized for its strong economic drivers and long-term growth trajectory. This region has emerged as a focal point for expansion in the Phoenix metro area, benefiting from a convergence of healthcare investment, residential development, and infrastructure improvements. Central to this growth is the presence of Taiwan Semiconductor Manufacturing Company’s transformative $165 billion fabrication campus, which continues to drive job creation, population influx, and sustained economic activity across the surrounding areas. This large-scale investment has positioned North Peoria and the broader Northwest Valley as one of the most dynamic and resilient corridors in the Southwest.
As demand for high-quality assisted living continues to rise alongside Arizona’s aging population, the property is well positioned to benefit from both demographic tailwinds and macroeconomic expansion. The limited supply of newer, purpose-built residential assisted living facilities in the immediate area further enhances its competitive positioning and supports long-term occupancy stability. The combination of modern construction, strong in-place revenue, and location within a high-growth economic corridor creates a compelling investment profile with both income security and appreciation potential.
This offering reflects a broader regional shift where healthcare, technology, and lifestyle intersect, underscoring the evolution of North Peoria into a hub for forward-looking development. With its established performance, premium physical plant, and alignment with one of the most significant economic catalysts in the United States, this property stands as a durable and attractive investment opportunity within Arizona’s senior housing sector.