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$1,195,000
6 Beds 5 Baths 7069702 MLS
Enjoy multigenerational living in this stunning remodel on a corner lot in the coveted Fireside at Norterra! This highly desirable floor plan features an attached casita with its own entrance and full bathroom. The primary suite is on the first floor. This boasts a remodeled bath with new flooring, shower, freestanding tub, and quartz countertops. The chef-inspired kitchen features new quartz countertops, a large center island, abundant cabinetry, a Wolf cooktop, & a spacious walk-in pantry. The kitchen opens to an impressive great room with soaring 20-foot ceilings. The private backyard retreat has artificial turf & a brand new custom pool. Amenities include: a lap pool, play pool, hot tub, fitness classes, sauna, rock climbing wall, tennis basketball courts. EV Charger in the 3-car gara

1528 W Red Bird Road, Phoenix

Courtesy of HomeSmart. 602-230-7600

$10,000,000
7 Beds 8 Baths 7069453 MLS
Introducing Tesla House on Exeter, Arcadia's Monopoly Boardwalk. New 7 bed/7.5 bath on nearly an acre, Arcadia Proper's must-see estate. Automatic gates, exceptional seclusion amid significant estates. Full permitted studs-down remodel by the designer of Bellagio & Wynn Resorts. Phenomenal hidden tech, Tesla solar & Camelback Mountain views. Two primary suites (one ground-floor) with Japanese toilets; chef's front show kitchen with custom designer cabinets from Italy + must-see back kitchen. Wellness: 2 saunas, 2 spas, steam shower, heated/cooled pool w/auto cover, cold plunge, gym & separate wellness guest house. Putting green w/sand trap, backup generator, elevator, two EV chargers, 4-car garage w/AC, guest parking for 10+, 26 camera views, surround sound, pickleball-ready sport lights, private roller blackout shades, modern misters, hidden heaters, designer fixtures, 20-ft ceilings, all walking distance to coveted Hopi school, Royal Palms Resort and Phoenician.

5143 E Exeter Boulevard, Phoenix

Courtesy of Local Luxury Christie's International Real Estate. 520-403-5270

$2,650,000
6 Beds 4 Baths 7069446 MLS
A rare offering on coveted Lamar Drive, an intimate cul-de-sac enclave of just 17 homes with sprawling lawns and mature trees in the heart of North Central Phoenix. Reimagined in 2022 by Aperture Design, this striking modern residence offers 4304 total SF, including a 4001 SF main home + 303 SF detached casita. Clean architectural lines, walls of glass accordion doors create seamless indoor/outdoor living. The thoughtfully designed floor plan features 6 BR, 3.5 Baths, a split primary suite, private en-suite guest wing w/ separate entrance, a chef's kitchen with sleek custom solid walnut cabinetry. The versatile casita is ideal as a pool house, office, gym or guest retreat. Set ''Between the 7's,'' just moments from Murphy Bridal Path, Uptown Plaza, and the Farmer's Market A hop to the restaurants, coffee shops, boutiques and neighborhood favorites of Uptown, Downtown and the livablility only afforded to North Central Residents. Modern architecture meets the established greenery and character of old Phoenix.

525 W Lamar Road W, Phoenix

Courtesy of HomeSmart. 602-230-7600

$1,350,000
16 Beds 16 Baths 7067839 MLS
Exceptional multi-family investment opportunity in a high-demand Phoenix rental corridor! This offering includes two well-maintained 4-plex buildings for a total of 8 income-producing units, each designed for functional living and long-term tenant stability. The property location in near major freeways, employers,, shopping, and schools--ideal for consistent occupancy and strong rental performance. With Phoenix's continued demand for affordable multi-family housing, this asset provides an excellent opportunity for investors seeking steady cash flow, value-add potential, or portfolio expansion in one of the fastest-growing metro areas in the country. All units are 2 bedroom 2 baths. Good occupancy and good rent income.

7130-7136 N 27th Avenue Unit 1-4, Phoenix

Courtesy of Paramount Management & Realty, LLC. 623-688-5844

$990,000
6 Beds 4 Baths 7067572 MLS
Spacious six-bedroom, four-bathroom home with a large loft and nearly 4,000 square feet, located in the desirable Desert Peak community! The versatile floor plan includes one bedroom and a full bathroom downstairs. Professionally designed finishes include a spacious kitchen with cherry cabinetry, a large center island, granite countertops and stainless-steel appliances. Additional features include tile flooring, dual-pane windows throughout and a four-car tandem garage. Enjoy the expansive covered patio and large grassy backyard--perfect for entertaining and play. Conveniently located near Loop 101 with easy access throughout the Valley and situated within the Paradise Valley Unified School District.

2555 E Robb Lane, Phoenix

Courtesy of Realty ONE Group. 480-285-0000

$1,250,000
7 Beds 7 Baths 7067304 MLS
This is a good financial opportunity and a truly rare opportunity to own a unique and somewhat mysterious piece of Phoenix history. Situated on just over an acre, at one time this was the ''Hopi Lodge'' on a ten acre spread. As a single family home neighborhood has grown around the now named Pueblo, it has retained it's non-conforming legal use as a seven unit apartment building. Built circa 1937, it was significantly modified by the 1950s, but loads of original and historic features remain including stone pillars and walls, beamed ceilings, custom wood doors, wood windows and a terrazzo floor to name a few. Each unit has it's own features and floor plan. A private courtyard and roof top view deck in a great location round out the benefits of this stunning property with loads of possibilit

6835 N 21st Street, Phoenix

Courtesy of Brokers Hub Realty, LLC. 602-291-3015

$1,795,000
7 Beds 4 Baths 7066970 MLS
RENOVATED FOUR-PLEX IN PRIME CAMELBACK EAST VILLAGE LOCATION WITH INCREDIBLE INCOME POTENTIAL! Beautifully updated and perfectly positioned between the highly desirable Biltmore area and Downtown Scottsdale, this turnkey four-plex is an exceptional opportunity in one of Phoenix's strongest rental submarkets, Camelback East Village. Each unit features custom cabinetry, wood flooring throughout, modern frosted glass doors, and ceiling fans throughout. All units are individually metered for electricity and include in-suite washer and dryer, offering tenants maximum convenience. Residents also enjoy covered carport parking and spacious private yards. The property has been well-maintained with significant updates, including a roof replacement in 2011, two air conditioning units replaced that same year, and the remaining units updated in 2016 and 2021. This property offers a low-maintenance, fully renovated investment in a prime central Phoenix location, just minutes from top dining, shopping, and entertainment.

3110 N 39th Street, Phoenix

Courtesy of Grigg's Group Powered by The Altman Brothers. 480-788-0929

$850,000
7 Beds 3 Baths 7066909 MLS
PACKAGE SALE: 2301 W Hayward Ave is being offered exclusively with 2305 W Hayward Ave. The properties must be purchased together and will not be sold separately, creating a unique opportunity to acquire multiple income-producing properties in one central Phoenix location. Together, the properties span right under an acre of land and feature three separate single-family residences with R-3 zoning, offering an appealing setup for an investor seeking multiple rental units in one location. The homes are currently tenant occupied, with the opportunity to take over the existing tenants and leases if desired, providing the potential for rental income from day one. Adding to the long-term potential, City planning staff have indicated that the site could support a six-unit multifamily development (6-plex), subject to applicable City requirements, approvals, and buyer verification. This provides an exciting opportunity for investors looking beyond the property's current use and considering future redevelopment possibilities. Beyond the residences, the property features an impressive 18-car carport offering substantial covered parking, along with a large shop space ready to make your own. Whether utilized for storage, a workshop, equipment, or other permitted uses, the additional space adds another layer of versatility to the property. Conveniently located near 23rd Ave and Northern Ave, the properties provide quick access to I-17, shopping, dining, employment centers, and everyday amenities. With over an acre of land, three single-family residences, R-3 zoning, extensive covered parking, a large shop, existing tenants, and potential for future multifamily development, this package offers a rare combination of current income potential and long-term flexibility in central Phoenix.

2301 W Hayward Avenue, Phoenix

Courtesy of Capstone Realty Professionals. 602-354-4660

$1,380,000
16 Beds 9 Baths 7066520 MLS
The Heatherbrae 9 Portfolio is a prime, cash-flowing nine-unit multifamily property in Midtown Phoenix (85015). Featuring seven 2-bed/1-bath and two 1-bed/1-bath units across three single-story triplexes on a ±25,356 SF corner lot, it offers immediate rental upside and value-add potential. PROPERTY HIGHLIGHTS: - UNIT MIX: Seven 2-bed/1-bath, two 1-bed/1-bath (1963 build). - LAYOUT: Three detached single-story triplexes with private patios. - PARKING: 14 spaces (2 covered) plus on-site laundry. - UTILITIES: Individually metered electricity. LOCATION & TRANSIT: - COMMUTE: 5.5 miles to Downtown Phoenix; 9.4 miles to Sky Harbor Airport. - TRANSIT: Under 1 mile to the Valley Metro Light Rail; instant I-17 access. - NEIGHBORHOOD: Walkable Midtown corridor near arts, dining, and histo

2140 W Heatherbrae Drive, Phoenix

Courtesy of ABI Multifamily. 602-714-1400

$930,000
12 Beds 6 Baths 7066303 MLS
Six on Heatherbrae is a high-demand, cash-flowing six-unit multifamily property in Midtown Phoenix (85015). Featuring two detached single-story triplexes with large 2-bed/1-bath units on a ±16,870 SF corner lot, it offers immediate rental upside and value-add potential for 1031 buyers. PROPERTY HIGHLIGHTS: UNITS: Six spacious 2-bed/1-bath layouts (1963 build). LAYOUT: Two detached single-story triplexes with private patios. FINANCIALS: Cash-flowing with strong value-add potential. PARKING & UTILITIES: 10 open spaces; individually metered electricity. LOCATION: Corner lot in Midtown Phoenix, near the 19th Ave / Camelback Light Rail. ACCESS: Minutes to I-17, I-10, SR-51, and Sky Harbor Airport.

2144 W Heatherbrae Drive, Phoenix

Courtesy of ABI Multifamily. 602-714-1400

$749,000
7 Beds 4 Baths 7066244 MLS
Ultimate Family Home! Beautifully remodeled & thoughtfully designed, this expansive home offers formal living & dining areas that flow into a show-stopping kitchen featuring a massive center island with storage on both sides, breakfast bar seating, dual-tone cabinetry, two dishwashers, double ovens, oversized refrigerator, eat-in kitchen space & a separate wet bar with open shelving--perfect for entertaining. The main level also includes a spacious primary suite with French doors to the backyard & ensuite with soaking tub & separate shower, plus a private den/office & powder bath. Upstairs showcases a huge sun-filled loft with abundant windows, six generously sized secondary bedrooms with ceiling fans, & a full bath with dual vanity & shower/tub combo. Outdoor living shines with a large

3121 W Buckhorn Trail, Phoenix

Courtesy of HomeSmart. 480-307-8326

$199,999
8 Beds 7 Baths 7064950 MLS
Excellent redevelopment opportunity with plans and permits already approved and paid for. BOTH PARCELS INCLUDED, PLEASE READ. This project consists of a full remodel and renovation of the existing properties at 948 and 954 W Mohave St. The approved plans convert the 948 property into a functional duplex consisting of two 2-bedroom, 2-bathroom units, while the 954 property is designed as a fully renovated 4-bedroom, 3-bathroom single-family home. Permits are approved and paid for, allowing the buyer to take over and complete the project. Property is currently boarded by the City of Phoenix and access is limited. Buyer to verify all facts, figures, plans, permits, square footage, and intended use. Approved permits and plans are available in the Documents tab.

954 W Mohave Street, Phoenix

Courtesy of Redrock RE Partners. 385-266-6377

$3,400,000
6 Beds 7 Baths 7064651 MLS
Rare opportunity to own a beautifully remodeled North Central estate on an extraordinary 54,128 SF irrigated lot tucked away on a quiet cul-de-sac. Surrounded by lush mature landscaping, citrus trees and rose gardens, this private retreat offers 6 bedrooms and 6.5 baths. The single-level main residence features 4 bedrooms, 4.5 baths, restored hardwood floors, crown moulding, beautiful chef's kitchen with custom walnut island, granite countertops, Wolf & Sub-Zero appliances and butler's kitchen. A private 2-bedroom, 2-bath guest house with full kitchen offers incredible flexibility. Heated saltwater pool & spa, covered patios, outdoor fireplace, gazebo, outdoor kitchen and 3-car garage complete this exceptional estate. Rare opportunity to own a beautifully remodeled estate property on a quiet cul-de-sac in the heart of North Central Phoenix. Set on an extraordinary 54,128 SF irrigated lot, this private retreat is surrounded by lush mature landscaping, citrus trees and beautiful rose bushes, creating a welcoming sense of arrival and exceptional privacy. PROPERTY HIGHLIGHTS " 54,128 SF irrigated estate lot " Approximately 5,245 square feet " Single-level residence " 6 Bedrooms | 6.5 Bathrooms " Main Residence: 4 Bedrooms | 4.5 Bathrooms " Guest House: 2 Bedrooms | 2 Bathrooms + Full Kitchen " 3-car garage " Quiet North Central cul-de-sac " Beautifully remodeled throughout " New Sierra Pacific & Pella doors and windows " Custom front door " Original hardwood flooring, beautifully restored " Extensive crown moulding throughout " Nest programmable thermostats " Exceptional indoor/outdoor living " Lush, mature irrigated grounds MAIN RESIDENCE " Original restored hardwood flooring " Extensive crown moulding " New Sierra Pacific & Pella doors and windows " Upgraded bathrooms and designer finishes " Restoration Hardware vanities, mirrors & lighting " Upgraded fixtures and countertops " Stone fireplace in family room " In-ceiling speakers CHEF'S KITCHEN & BUTLER'S KITCHEN " Custom cabinetry throughout " Custom walnut kitchen island with granite countertop " Premium granite countertops " 48" Sub-Zero refrigerator/freezer " Sub-Zero dual freezer drawers " Sub-Zero dual-zone refrigerator drawers " 6-burner Wolf gas range & oven " Butler's kitchen " KitchenAid electric wall oven " KitchenAid built-in microwave " Sub-Zero ice maker " Kitchen Aid Dishwasher PRIVATE GUEST HOUSE " 2 Bedrooms " 2 Bathrooms " Attached 1 Car Garage " Full kitchen " Private living accommodations " Ideal for guests, extended family or multigenerational living " Flexible additional space ideal for office, fitness studio, gym or media room (or bed #6) RESORT-STYLE OUTDOOR LIVING " Expansive 54,128 SF irrigated grounds " Lush mature landscaping " Citrus trees and rose gardens " Heated saltwater pool & spa " Custom pool tile " Covered outdoor living areas " Brick covered patio " Outdoor fireplace " Gazebo " Outdoor grilling/kitchen area " Pool, spa & patio speakers " Water feature POOL & SPA SYSTEMS " Pentair IntelliCenter pool control with remote app access " Pentair IntelliChlor salt chlorination system " Pentair MasterTemp 400,000 BTU gas heater " Paramount in-floor cleaning system " Variable-speed pump HOME FEATURES " Nest programmable thermostats " Security system " In-ceiling interior speakers " Outdoor pool, spa & patio speakers 3-CAR GARAGE " Spacious 3-car garage " Garage storage A RARE NORTH CENTRAL OPPORTUNITY Estate properties of this scale, privacy and setting rarely become available in North Central Phoenix. With more than an acre of lush irrigated grounds, a beautifully remodeled main residence, private guest house, resort-style backyard and 3-car garage, 334 E. Glenn Drive presents an exceptional opportunity to own a true North Central estate.

334 E Glenn Drive, Phoenix

Courtesy of Compass. 480-776-1555

$8,699,900
45 Beds 45 Baths 7064384 MLS
Alameda Villas Brand New Luxury Townhomes! Offering exceptional value with one of the lowest price-per-sqft opportunities in the Arcadia/Scottsdale area. Discover Alameda Villas, a stunning new construction community completed in 2024, offering 15 meticulously designed single-family townhomes. Built for ultimate flexibility, these homes can be sold individually as single-family residences or acquired entirely for a lucrative leasing opportunity. Each three-bedroom, 2.5-bath unit offers premium finishes, custom cabinetry, elegant countertops, beautiful flooring, and durable synthetic stucco exteriors for a low-maintenance lifestyle. Prime Location: Near dining, grocery stores, and shopping. Living Space: 1,825 SQFT Under Roof: 2,246 SQFT / 2 Garages Plus, fully occupied!

3804 E Monterey Way, Phoenix

Courtesy of ARRT of Real Estate. 480-300-7776

$1,170,000
7 Beds 4 Baths 7063578 MLS
PLEASE SEE SUPPLEMENT. Welcome home to endless possibilities! Situated on an oversized lot of more than 17,000 square feet in the sought-after 85014 ZIP code, this unique property offers exceptional space with 7 bedrooms, a den/office, and a bonus room, providing flexibility, and potential income opportunities with no HOA. The expansive property also features a lush green yard with irrigation, creating an inviting outdoor setting. The main house has 4 bedrooms, a generous bonus room ideal for a home office, gym, den, playroom, and another room for a den/office. The massive primary suite creates a comfortable private retreat, while the spacious kitchen is designed for gourmet cooking with granite countertops and an impressive 48-inch gas range The attached ADU of more than 1,200 square feet features its own kitchen, laundry, three bedrooms, and two bathrooms. This versatile second residence is ideal for multigenerational living, extended-stay guests, private work or creative space, or potential long- or short-term rental income, subject to applicable regulations. Recent improvements include a recently replaced roof, updated flooring, plumbing upgrades, enhanced insulation and HVAC venting, and an under-sink water filtration system in the kitchen. A separate storage shed provides additional space for tools, equipment, and seasonal belongings. With two residences, 7 bedrooms plus a flexible bonus room, and a den/office, multiple living areas, an expansive irrigated yard, and no HOA, this one-of-a-kind property that offers exceptional versatility. Conveniently located near neighborhood dining, schools, shopping, and a variety of community amenities.

701 E Mclellan Boulevard, Phoenix

Courtesy of HomeSmart. 602-230-7600

$1,185,000
10 Beds 5 Baths 7063520 MLS
Excellent Central Phoenix investment opportunity! This 5-unit multifamily property features five 2-bedroom, 1-bath units with updated interiors and strong rental upside. Current scheduled rents total approximately $6,550/month, with projected market rents of approximately $7,500/month. Offered at $1,185,000, the property has an estimated 5.20% current cap rate with potential for approximately a 6.10% stabilized cap rate. Units feature updated kitchens, cabinetry, flooring and stainless steel appliances. Conveniently located near Downtown Phoenix, employment centers, shopping, dining, healthcare and major transportation corridors. Great opportunity for investors seeking existing cash flow with value-add potential. Buyer to verify all facts and figures.

4012 N 15th Avenue, Phoenix

Courtesy of Gile Commercial Real Estate. 602-980-3171

$3,375,000
7 Beds 7 Baths 7062596 MLS
Set on nearly 1.1 irrigated acres in the heart of North Central Phoenix's coveted Orangewood neighborhood, this exceptional estate blends timeless ranch architecture with years of thoughtful renovations, creating a property that feels both established and remarkably current. Surrounded by towering shade trees, mature citrus, and lovingly cultivated lush grounds, this is the kind of home that rarely becomes available. Beyond the hand-carved Brazilian front door and custom exterior wood shutters, original flagstone flooring,porcelain tile, and expansive living spaces preserve the home's character while extensive updates elevate everyday living. Reimagined in 2021, the kitchen serves as the heart of the home with Thermador appliances, a Sub-Zero refrigerator installed in 2025, custom cabinetry, generous workspace, and effortless connection to the surrounding gathering areas. The residence offers two secluded primary suites, beautifully renovated bathrooms, and a detached 750-square-foot guest house featuring two bedrooms, one-and-a-half baths, its own dedicated HVAC system, and complete privacy. Both primary suites have been completely remodeled. A spa bath showcases a freestanding soaking tub perfectly positioned to overlook the backyard, creating a peaceful connection to the mature landscape. Recent improvements extend well beyond cosmetic updates. Four separate HVAC systems, three serve the main residence. All have been upgraded with whole-house Air Scrubber purification systems, enhancing indoor air quality throughout. Just installed tankless water heater for the entire main house with new plumbing, upgraded water filtration and softening systems, energy-efficient Pella windows, updated ceiling fans, and a newer roof provide confidence that the home's major systems have been carefully maintained and modernized. Outside, the property unfolds as its own private sanctuary. A saltwater pool with Baja shelf and deep end anchors the backyard, while an expansive covered patio with a gas fireplace and renovated Delta grill comfortably accommodates gatherings beneath a canopy of mature trees. Fruit trees line the irrigated grounds and blend with established landscaping, expansive lawns, and multiple outdoor living areas that makes this estate equally suited for quiet evenings or large-scale entertaining. Room for tennis/pickle ball courts. Constructed of enduring block construction with distinctive red brick accents, this remarkable Orangewood property offers something increasingly difficult to find in North Central Phoenix, substantial irrigated land, a beautifully updated residence, an independent guest home, and an atmosphere that has been thoughtfully nurtured for years. A home where an understated elegance comes together on one of the area's most treasured streets.

550 W Berridge Lane, Phoenix

Courtesy of Compass. (602) 376-1341

$1,350,000
6 Beds 5 Baths 7062402 MLS
Arcadia living with room for everyone. This fully renovated single-story property offers four private living spaces on a 1/4 acre-plus cul-de-sac lot with no HOA: a main house (2,197 sf.), a detached casita with full kitchen, and two studio suites, each with its own bath, entrance, and laundry. Inside, a remodeled kitchen with quartz counters and designer finishes. The casita spans 960 sqft offering 1 bedroom, 1 bathroom a full kitchen and laundry. The resort backyard is built to entertain: a pebble-tec diving pool, hot tub, and putting green, all under Camelback Mountain views. Perfect for multigenerational living, guests, or a home office. Minutes to Old Town Scottsdale, Camelback hiking, Fashion Square, and Arcadia's best dining. One address, four ways to live - don't miss this one!

2929 N 55th Place, Phoenix

Courtesy of Real Broker. 602-755-3415

$995,000
7 Beds 4 Baths 7062031 MLS
The Axl in Garfield is a 4-unit garden-style property of solid block construction, built in 1965, 1968, and 1996 and was extensively renovated and modernized in 2025, with approximately $55k per unit in capex.. The community includes (3) 2-bed / 1-bath units and (1) 1-bed / 1-bath unit, each with fully renovated interiors featuring upgraded flooring, cabinetry, countertops, stainless steel appliances, and in-unit washer/dryers; select units also include private fenced yards. Residents enjoy dedicated parking, and easy access to Downtown Phoenix, all within the historic Garfield Historic District, one of Phoenix's most vibrant urban enclaves. With residential financing available, The Axl in Garfield offers a turnkey, cash-flowing investment in a dynamic infill location.

1338 E Fillmore Street, Phoenix

Courtesy of ABI Multifamily. 602-714-1400

$879,000
6 Beds 5 Baths 7061860 MLS
Welcome to an exquisite luxury home nestled in the upscale neighborhood of Stetson Valley. This home's elegance and grandeur put the property in a category of luxury all its own. The open and bright floor plan will enchant as you welcome yourself into the front foyer with the soaring ceiling meeting the formal living and dining rooms. The Kitchen is both spacious and beautiful, featuring NEW LVP flooring! A true chef's kitchen with stainless steel appliances, quartz countertops with waterfalls, gas cooking, double ovens, white cabinetry and two walk-in pantries, perfect for the Saturday Costco run! Climb up the grand curved staircase to the luxurious primary retreat with sitting area and a spa like bath leaving a feeling of relaxation and ultimate privacy. This home features 4,138 sq ft, 6 bedrooms, and 4.5 baths. New carpet throughout. The Resort Style Backyard is your private oasis, with mature landscaping, extended covered patio and gorgeous pool, with heater. This al fresco retreat is an idyllic backdrop for intimate gatherings or grand-scale entertaining. World-class shopping, restaurants, museums, and nightlife right outside your doorstep! Quick access to freeways for easy commuting. This home will be hard to beat..

26220 N 50th Drive, Phoenix

Courtesy of Keller Williams Realty Phoenix. 480-768-9333

$1,625,000
10 Beds 8 Baths 7061722 MLS
8939 N 8th Street offers investors the opportunity to acquire a fully leased, eight-unit multifamily property operating under a five-year Absolute NNN master lease with an established tenant. The lease provides predictable income, annual rent increases and minimal landlord responsibilities. The tenant has demonstrated exceptional reliability by consistently paying rent on time, carefully maintaining the property and investing its own funds into exterior painting and landscaping. These tenant-funded improvements have further enhanced the property's curb appeal and long-term value. Financial Highlights Asking Price: $1,625,000 Actual Year 2 Cap Rate: 7.83% Year 2 Base Rent: $10,600 per month Annual Base Rent: $127,200 Annual Tax and Insurance Reimbursements: $12,577.32 Total Annual Lease Payment: $139,777.32 Scheduled Annual Base-Rent Increase: $1,200 Price Per Unit: $203,125 September 1, 2026 payment received Lease Highlights Five-year Absolute NNN master lease Initial lease term: September 1, 2025 through August 31, 2030 Approximately four years remain on the initial lease term Base rent increases by $100 per month at the beginning of each remaining lease year Two additional five-year renewal options Personal guarantee First right of refusal Tenant responsible for property taxes, insurance, utilities, maintenance and day-to-day property operations Property Details The property contains eight residential units consisting of: Six one-bedroom/one-bathroom units Two two-bedroom/one-bathroom units On-site laundry room Three separate storage rooms Appliances in every unit Gated access and privacy wall Attractive paver patio with television and electrical outlets Approximately 4,461 square feet of building area The former office has been converted into the eighth residential unit, creating a complete eight-unit residential configuration with no remaining office space. Renovations and Improvements The property underwent extensive interior renovations in 2024, including improvements to the apartment interiors and bathrooms. Additional property improvements include: Exterior painting completed by the tenant Landscaping improvements completed by the tenant Updated apartment interiors Renovated bathrooms Security gate Privacy wall Paver patio Updated mailboxes Well-maintained common areas Investment Opportunity This offering combines an Absolute NNN lease, an actual 7.83% Year 2 cap rate, contractual rent growth and a tenant that actively reinvests in the property. A recent appraisal supports the asking price, providing additional documentation for prospective investors.

8939 N 8th Street, Phoenix

Courtesy of Gerchick Real Estate. 602-688-9279

$949,900
6 Beds 5 Baths 7061269 MLS
Come tour this exceptional 4,368 sq ft residence offering 6BD/4.5BA, private casita with separate entrance, cozy courtyard with build in exterior fireplace and sitting area & 3 car garage, all set on private culdesac backing to serene desert wash w stunning desert views and amazing privacy. This beautifully finished home features a thoughtfully designed layout & stunning upgrades. The open flow of living spaces creates a warm, inviting atmosphere filled w natural light. The residence has been meticulously cared for & lightly lived in as a family vacation home since its original construction. Located in a highly desirable N Phx setting, as well as the amenity rich Fireside at Norterra community, this rare property combines size, upgrades, privacy and breathtaking surroundings.

26722 N 11th Drive, Phoenix

Courtesy of HomeSmart. 602-230-7600

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