Assisted Living, Residential Care Homes, Retirement and Group Homes in Arizona
Contact Jeffrey Masich, Realtor for more information about selling an existing residential care home, assisted living home, group home or purchasing a residential care home, assisted living home, group home or information for children and parents when 24 hour home care is needed.
Many licensed Assisted Living homes for sale are sold on a private non listed basis or under a submerged address as the businesses are ongoing. These businesses are usually shown only to 'qualified buyers' that have revealed to the Seller their cash purchase capability or financing available to make a purchase.
Sellers usually do not want non qualified buyers walking through their facility. Usually a lender will require at least 25% down payment or more to make a purchase of an ongoing business. A Buyer should be prepared to reveal their purchase capability to Jeffrey Masich before getting started at reviewing properties.
Jeffrey Masich, Associate Broker and REALTOR®, specializing in assisted living, retirement and group homes for sale or purchase in Arizona
Jeffrey Masich in Diamond Club of top 10% of the #1 Real Estate Broker in Phoenix Metro, HomeSmart
If selling an assisted living or residential care home, confidentiality is important and Jeffrey Masich, as an MBA, Realtor and Associate Broker can help a Seller.
If a Buyer wishes to acquire their first Residential Care or Assisted Living Home or another Assisted Living home, Jeffrey Masich can review several different options and alternatives.
Jeffrey Masich
HomeSmart
10601 N. Hayden Road, Suite I-100
Scottsdale, Arizona 85260
480-242-6500
JeffMasich@ArizonaHomesLand.com
Jeffrey Masich, Realtor, Associate Broker, MBA can assist with Selling or Purchasing an Assisted Living Home
Purchasing an Assisted Living Home
From time to time there are vacant licensed facilities that have become available, although this is not as common.
If you are interested in acquiring a home that may be suitable for assisted living and obtain your own license, see some larger senior group or various assisted living home possibilities for conversion for sale in Arizona now: Group Homes For Sale in Arizona . Alternately, here are larger 6+ Bedroom Homes For Sale on 1 Level in the Phoenix metro that are more suitable for conversion to a licensed Senior Assisted Living Home.
Acquiring a home and licensing it and staffing yourself is less expensive for a Buyer than purchasing an ongoing licensed facility with staff, residents and systems in place.
Three opportunities to purchase an Assisted Living Home (ALH) with levels of expense:
1. CONVERSION to ALH (Least Expensive) Buy a home suitable for Assisted Living and convert and license and start up by Buyer and get licensed through Arizona Department of Health Services. See larger 6+ Bedroom homes on 1 level in the Phoenix metro or ask Jeff Masich for more homes to see.
2. VACANT ALH (Mid Expense) Buy a vacant licensed Assisted Living home. Not many of these, so ask Jeff Masich.
3. EXISTING ALH (Higher Expense) Buy an active operational Assisted Living home. Many of these active ALHs are sold on a confidential basis to qualified buyers that sign a Non Disclosure Agreement (NDA) so ask Jeff Masich about these
Jeffrey Masich would be pleased to help you in any of your Real Estate needs in Arizona.
Qualified Buyers must usually submit their Non Disclosre Statement and Proof of funds along with their qualfications in order for the identity and prospectus of these submerged identity homes to be made available. Contact Jeff Masich, and he will get you the information. Note, the identity of many of the homes are kept private until the buyer is qualified and approved of by the Seller.
Some of these homes are made available here listed by Jeffrey Masich or that he is tracking for his clients.
Coming Soon. Confidential 10 Bed Assisted Living Home in Scottsdale Arizona
Buyers must submit Non Disclosure Agreement, proof of funds or funding and bio or information showing their experience in the Assisted Living Home Industry to be considered for a prospectus on this property
2 Phoenix Assisted Living Homes (Confidential to Qualified Buyers)
The 2 Assisted Living Homes are a a family run business and are characterized by pleasant sitting areas, good food and a friendly atmosphere
These two submerged identity homes are well established with the owner retiring and are almost always full with strong residential rents. They are actuallly licensed for 13 beds total (8 and 5) by the Arizona Department of Health Services. Excellent reputation. Details available to qualified Buyers and with Non Disclosure Agreement. Contact Jeff Masich for more information.
2 Established, cash flowing residential Assisted Living home licensed for:
8 Beds (5BR + 3 Bath) Phoenix $ 390K RE + $ 120K Business = $ 510K
5 Beds (5 BR + 3 Bath) Phoenix $ 370K RE + $ 98K Business = $ 468K
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13 Beds $ 760K real estate + $ 218K two businesses = $ 978K
Tucson Assisted Living Home
SOLD Skyline Drive, Tucson Arizona former 10 Bed license in Catalina Foothills
Chandler Assisted Living Home (Confidential to Qualified Buyers)
Confidential Submerged Identity Assisted Living Home for sale in Chandler Arizona
Coming soon (Real Estate and Business) Confidential 5 Bed licensed assisted living home in Chandler Arizona. Fully Occupied. Has 6 Bedrooms allowng for 5 private bedrooms plus one for owner or caregiver. Call for details. Non Disclosure Agreement, Proof of funds and Buyer Qualifications required for owner to reveal name and address of business.
Group Homes are retirement and assisted living homes where seniors can receive compassionate 24 hour care
Group Homes or Personal Care Homes
If your aging parents are at the stage of life where 24 hour care is needed, a senior group home is wonderful alternative to the institutional facilities. Group Homes often offer a home like feel, 24 hour staff, home cooked meals and private and semi private rooms. There are often common areas for TV, reading, or sitting by or in a garden. A place that feels like home. Visitors are welcome. The smaller number of residents also contributes to more individualized care and warmth.
Jeffrey Masich can help you as a buyer or seller of an existing group home facility.
Assisted senior living has many different names as follows:
Senior Group Home
Group Home
Assisted Living Home
Personal Care Home
Retirement Home
Alzheimer Care Homes
Memory Care Homes
Nursing Homes
These homes are regulated by the State of Arizona and require licensing and management by qualified licensed individuals.
Senior Group homes offer a home like bedroom, many with private bathrooms
Senior assisted care homes have full service kitchens and home cooked meals for residents
Senior and Alzheimer care homes often have private reflective gardens for seniors
Lenders for existing licensed Assisted Living Homes
Brigitte Corey VP/Business Development Officer Pinnacle Bank 9903 E. Bell Road, Suite 110 Scottsdale, AZ 85260 (480) 815-4706 Direct (480) 245-6456 Fax bcorey@pinnaclebankaz.com www.pinnaclebankaz.com
Or
Wells Fargo Bank, N.A. Business Development Officer 100 W. Washington Street, 21st Floor Phoenix, AZ 85003 MAC S4101-210 Tel 480-828-6314 Fax (866) 674-3921
Or
Horace E. Shuman, VP Cornerstone Financial Services 1200 Ashwood Parkway, Suite 125 Atlanta, Georgia 30338
horace.shuman@cornerstonefinancialsvcs.com
770-250-1925 x 315 (office) 770-250-1926 (fax) 404-401-8207 (cell)
"It is an honor to receive the referral of your friends and family"
Arizona Homes and Land Group with HomeSmart®
Jeffrey Masich, Associate Broker HomeSmart®, Team Leader
Associate Broker (License # BR632450000 State of Arizona) REALTOR® (National Association of Realtors) GRI (Graduate Realtor Institute) CSSN (Certified Short Sale Negotiator) MBA (Master Business Administration) BS (Bachelor Science- Accounting) CCE (Certified Credit Executive-former) CCM (Certified Cash Manager)
HomeSmart®, 10601 N. Hayden Road, Suite I-100, Scottsdale, AZ 85260
