Phoenix Homes with Other (See Remarks) New Financing

Phoenix Homes with Other (See Remarks) New Financing

Welcome to Phoenix, the vibrant and thriving city located in Maricopa County, Arizona. Known for its sunny weather, stunning desert landscapes, and a plethora of recreational activities, Phoenix is a fantastic place to call home.

Phoenix is the capital city of Arizona and is the fifth-largest city in the United States. With a population of over 1.6 million people, it offers a perfect blend of urban amenities and natural beauty. The city boasts a rich cultural scene, with numerous art galleries, museums, and theaters. Sports enthusiasts can cheer for their favorite teams at professional sporting events, including the Phoenix Suns (NBA) and the Arizona Diamondbacks (MLB).

When it comes to real estate, Phoenix offers a diverse range of options to suit every lifestyle and budget. Whether you're looking for a cozy suburban home or a luxurious downtown condo, you'll find it here. One unique feature of the Phoenix real estate market is the availability of homes with "Other (See Remarks)" financing. This type of financing provides flexibility for buyers who may not qualify for traditional loans or who have specific financial arrangements.

With its strong job market, affordable cost of living, and excellent schools, Phoenix attracts both young professionals and families looking for a high quality of life. The city's well-planned neighborhoods and abundance of parks and recreational areas make it an ideal place to raise a family.

In conclusion, Phoenix is a dynamic and diverse city that offers a wide range of housing options and a high quality of life. Whether you're a first-time homebuyer or looking to relocate, Phoenix has something for everyone.

Newest Phoenix Homes with Other (See Remarks) New Financing

6 Beds ⋅ 6 Baths ⋅ 7060894 MLS

* **9.74% Day-One Cap Rate -- Exceptional Yield in a Single-Family Asset** * **Absolute NNN Structure -- Tenant Reimburses Property Taxes and Insurance** * **Contractual Rental Growth Built Into the Initial 5-Year Lease Term** * **Forward Yield Increases to Approximately 10.43% by Year 5** * **Newly Executed Lease Provides Contractual Income Through 2030** * **Personal Guarantee Supports the Tenant's Lease Obligations** * **More Than $40,000 in Recent Renovations and Capital Improvements** * **Predictable Income Stream Secured by Phoenix Real Estate** * **Built-In Upside Without Renovation, Repositioning, or Intensive Management** * **Rare Combination of Double-Digit Forward Yield and Residential Real Estate** ABSOLUTE NNN SINGLE-TENANT INVESTMENT 5-Year Lease | Built-In Rental Growth | 9.74% Year 1 Cap Rate POSITIONING Bond-Like Income Secured by Real Estate Absolute Triple NNN lease structure Newly executed 5-year lease commencing January 1, 2026 Personal guarantee Two additional 5-year renewal options Monthly base rent increases by $100 each year Tenant's first right of refusal ASKING PRICE: $695,000 EXECUTIVE SUMMARY Gerchick Real Estate is pleased to present a fully stabilized, single-tenant Absolute NNN investment secured by a newly executed 5-year lease. In addition to base rent, the tenant reimburses the landlord for property taxes and insurance, creating a predictable and largely passive income stream. This investment offers: Immediate cash flow Contractual annual rent growth Minimal landlord responsibility Personal guarantee Long-term renewal potential Strong initial and forward yields The property's value is driven by its contractual income stream. This is not an owner-occupant comparable-sale opportunity--it is a yield-focused real estate acquisition. FINANCIAL OVERVIEW Year 1 Income Base Rent: $5,200 per month NNN Reimbursements: $440.25 per month Total Monthly Income: $5,640.25 Total Annual Income: $67,683 Year 1 Cap Rate Purchase Price: $695,000 $67,683 ÷ $695,000 = 9.74% YEAR 1 CAP RATE: 9.74% FORWARD YIELD GROWTH Lease Year Annual Income Yield on Original Purchase Price Year 1 $67,683 9.74% Year 2 $68,883 9.91% Year 3 $70,083 10.08% Year 4 $71,283 10.26% Year 5 $72,483 10.43% By Year 5, the annual yield increases to approximately 10.43% based on the original $695,000 purchase price. FIVE-YEAR CASH-FLOW PROJECTION Assuming an all-cash purchase at $695,000: Lease Year Projected Gross Income Year 1 $67,683 Year 2 $68,883 Year 3 $70,083 Year 4 $71,283 Year 5 $72,483 Total $350,415 TOTAL PROJECTED FIVE-YEAR GROSS INCOME: $350,415 The projected five-year gross income equals approximately 50.42% of the purchase price, providing investors with the potential to recover more than half of the original acquisition cost through gross income during the initial lease term alone. LEASE ABSTRACT Lease commencement: January 1, 2026 Initial lease term: 5 years Renewal options: Two additional 5-year terms Base-rent increases: $100 per month annually Guarantee: Personal guarantee First right of refusal: Provided to tenant Property taxes: Reimbursed by tenant Property insurance: Reimbursed by tenant Lease structure: Absolute NNN INVESTMENT THESIS Why This Asset Performs Attractive 9.74% initial cap rate Contractual annual rent increases Forward yield exceeding 10% beginning in Year 3 Personal guarantee helps reduce investment risk Minimal ongoing management burden Annual increases provide a hedge against inflation Strong Phoenix location Potential for future cap-rate compression Contractual income secured by underlying real estate Two additional 5-year renewal options This structure may appeal to private investors, 1031 exchange buyers, family offices, and yield-focused purchasers seeking stable real estate income without the management demands of a traditional residential rental. BUYER REQUIREMENTS The Seller recognizes that traditional residential appraisal methodology may not fully reflect the value of the property's contractual income stream. All offers must: Be submitted as an all-cash purchase; or Waive the appraisal contingency; and Include acceptable proof of funds This is an income-driven acquisition. DISCLAIMER All information contained herein has been obtained from sources deemed reliable but is not guaranteed. Buyer shall independently verify all information, including but not limited to lease terms, rental income, reimbursements, expenses, property condition, zoning, square footage, and all other material facts.

1927 E Crocus Drive, Phoenix

Four at Willetta is a stabilized, garden-style four-unit multifamily asset located in the highly desirable Biltmore/Arcadia corridor of Phoenix, Arizona. Constructed in the 1980s, the property offers a functional unit mix of two two-bedroom/one-bath units and two one-bedroom/one-bath units, catering to a broad tenant base in a high-demand rental submarket. The property has maintained 100% occupancy for nearly a decade, supported by long-term tenancy and consistent rental demand. Current in-place rents range from $1,100 to $1,350, presenting a clear value-add opportunity as market rents in the immediate area range from approximately $1,200 to $1,450. A new owner has the ability to implement a measured rental repositioning strategy to capture upside while maintaining occupancy stability. Four at Willetta is a stabilized, garden-style four-unit multifamily asset located in the highly desirable Biltmore/Arcadia corridor of Phoenix, Arizona. Constructed in the 1980s, the property offers a functional unit mix of two two-bedroom/one-bath units and two one-bedroom/one-bath units, catering to a broad tenant base in a high-demand rental submarket. The property has maintained 100% occupancy for nearly a decade, supported by long-term tenancy and consistent rental demand. Current in-place rents range from $1,100 to $1,350, presenting a clear value-add opportunity as market rents in the immediate area range from approximately $1,200 to $1,450. A new owner has the ability to implement a measured rental repositioning strategy to capture upside while maintaining occupancy stability. Each unit is equipped with central air conditioning, tile flooring, or laminate and white cabinetry, stainless steal appliances, and all units feature private backyard spaces--an amenity that differentiates the asset from competing properties and supports tenant retention. The property has undergone recent exterior capital improvements, including new paint, upgraded fencing and gates, modernized entry doors, enhanced lighting, and refreshed landscaping. All facts and figures are approximate buyer verify MLS info Owner Broker

2444 E Willetta Street Unit 4, Phoenix

The Grandview Portfolio is a 16-unit, garden-style community built in 1984 with solid block construction. Comprised of four fully condo-mapped, single-story buildings on individual parcels, the property offers flexible exit strategies. Each spacious 2-bed/1-bath unit (approx. 900 SF) features private fenced patios, full-size appliances, large picture windows, washer/dryer hookups, and covered entries. The site includes 24 covered parking spaces, pitched roofs, mature landscaping, copper plumbing, individual electric metering, and recently installed sewer clean-outs. Ideally located near 32nd Street and Bell Road, the property offers excellent access to SR-51, Loop 101, and nearby retail, dining, and employment hubs--making it a strong investment in a high-demand North Phoenix submarket.

3027 E Grandview Road Unit 1, Phoenix

Excellent investment opportunity in the heart of Phoenix! This well-maintained duplex offers immediate cash flow with two spacious units already occupied. Unit 1 features 3 bedrooms and 2 bathrooms and is currently rented for $2,000/month. Unit 2 offers an expansive 5-bedroom, 3-bathroom floor plan and is currently rented for $2,325/month, generating a combined monthly income of $4,400. Conveniently located near Downtown Phoenix, I-17, I-10, schools, parks, shopping, and dining, this property is ideal for investors looking to expand their portfolio or owner-occupants seeking supplemental rental income. Don't miss this versatile, income-producing property with strong upside potential!

3326 W Maricopa Street, Phoenix

Extensively renovated 8-unit multifamily community located along the I-17 corridor in Central Phoenix. Originally constructed in 1958, the property recently underwent a comprehensive renovation program totaling more than $400,000 in capital improvements. Upgrades include replacement of all plumbing and the main sewer line, new electrical systems, a new roof, repaved asphalt, and fully renovated unit interiors, providing investors with a truly turnkey asset requiring minimal ongoing maintenance or near-term capital expenditures. The property features an attractive mix of studio, one-bedroom, and two-bedroom floorplans currently generating nearly $10,600 in gross monthly rental income, offering stable day-one cash flow with strong long-term upside. 7.82% cap rate on current financials.

2719 W Maryland Avenue, Phoenix

Very rare offering in 85016 ZIP CODE. Clean property in a great east Phoenix/Biltmore location. Established rental community with strong historic occupancy and significant rental upside. Tenants enjoy covered parking, gated access and private courtyard. Brand new Xeroscaped landscaping. Units are tiled and have separate meters for gas & electricity. On-site laundry includes owned machines for additional revenue. Property has upgraded electrical and copper plumbing. Each tenant has a reserved covered parking spot in the carport. 4 minutes to Town & Country shopping district and Camelback Road/Biltmore area. Perfect location, well-maintained property and upside in rents.

2101 E Osborn Road, Phoenix

Turnkey 8-unit multifamily investment in the heart of the Biltmore area. This gated community features eight large 2-bedroom, 2-bath units with vaulted ceilings, private backyards, in-unit laundry, and exterior storage. Renovated in 2020 with modern finishes including stainless steel appliances, updated cabinetry, vinyl flooring, and contemporary bathrooms. Community amenities include a dog run, picnic area, BBQ space, and desert landscaping. Prime central Phoenix location with convenient access to shopping, dining, employment centers, and major freeways. Strong long-term investment opportunity in a high-demand rental market.

4229 N 17th Street, Phoenix

Excellent value-add multifamily investment opportunity located in the growing Central Phoenix market. This unique 4-unit property offers strong income potential with major renovation work already completed, making it an ideal opportunity for investors looking to finish the final touches and maximize returns. The property consists of: Front Unit: Spacious 3 Bedroom / 2 Full Bathroom unit with in-unit laundry room Rear Unit 1: 1 Bedroom / 1 Bathroom Rear Unit 2: 2 Bedroom / 1 Bathroom Rear Unit 3: Studio unit Each rear unit has its own private entrance, creating privacy and flexibility for tenants. The majority of the interior renovation work has already been completed. Additional planned upgrades include: Brand new electrical system installation New HVAC systems New ap New hot water heaters Seller plans to complete the remaining improvements prior to closing for an additional negotiated price, providing buyers flexibility to either purchase as-is or receive a near turn-key finished product. The property includes parking for approximately 3 vehicles onsite, along with additional street parking availability. This is a great opportunity for an investor or owner-operator to take over a nearly completed project and add the final cosmetic and operational touches. Estimated total rental income is projected to exceed $4,000 per month once fully stabilized. Conveniently located near Downtown Phoenix, major freeways, employment centers, dining, shopping, and public transportation, this property benefits from strong rental demand and continued area growth. Priced to sell quickly. Excellent opportunity for investors seeking cash flow, appreciation potential, and value-add upside. Buyer to verify all facts, figures, measurements, zoning, permits, and projected rental income.

1220 S 10th Avenue, Phoenix

9 Beds ⋅ 6 Baths ⋅ 7034814 MLS

Rare Uptown Phoenix 4plex+ compound on one lot that runs from Coolidge to Highland. 4 units/3 buildings: 746 W Coolidge W (3 bed/2b)-1150 sf-$1500R); 746 W Coolidge E (1 bed/Studio-700 sf-$800R); 746 W Coolidge Middle House (2 bed/1b-900 sf-$1500Pro); & 915 W Highland House (3 bed/2 b-1250 sf-$1800R). 17557 sf lot (R3, runs f/ street-to-street). BONUS: 1800 +/- sf workshop attached to middle house. Huge commercial-grade steel carport. 4 big storage units. Many recent upgrades. Potential to add density or split into two lots. Opp Zone. Prime location! .5 m to Melrose District; .8 m to Brophy High School; 1.1 m to Uptown Plaza; & 3+ m to Biltmore. 6.32 cap pro forma w/ very high long-term upside. Under $245/sf-highly competitive. Many possibilities. Sold as-is. DND tenants. Unique place!

746 W Coolidge Street, Phoenix

Rare 2004 4-plex consisting of 3 bed 2 bath units. Room for rent increases. Very little competition for 3 bed family sized units in the area. In unit laundry, covered parking for tenants. These apartments command high rents for the area as well as high quality long term tenants. WATER, SEWER, TRASH, LANDSCAPING & COMMON AREA MAINT & ELECTRIC PAID BY HOA!! Active HOA which has been completing value add exterior projects in the community. All exterior maintenance handled by HOA, very low maintenance costs for owner. DRIVE BY ONLY! DO NOT DISTURB TENANTS!

16033 N 25th Street Unit 7, Phoenix

Positioned at 16th St & Campbell Avenue, this portfolio presents a rare opportunity to acquire 12 well located 2-bedroom, 2-bathroom condominium units in the heart of Phoenix's prestigious Biltmore corridor. Located just a short walk from the AZ Biltmore and surrounded by premier shopping, dining, golf, and outdoor recreation, the property offers investors a highly desirable location w/enduring tenant appeal. *The offering consists of 11 units w/2-beds, 2-baths w/852 sf in the 85016 zip code, along w (1) additional 2-bed, 2-bath unit w/896 sf in the 85015 zip code. Residents benefit from a professionally managed HOA that handles the exterior maintenance, roof repairs, sewer service, trash collection and common area maintenance. Inquire within for the ''Offering Memorandum''. OWNER CARRY!

1718 E Campbell Avenue Unit Multi#, Phoenix

Seller financing available with a minimum 25-30% down, competitive rate, and flexible terms. Prime redevelopment opportunity in the Garfield Historic District, zoned R-5 Multiple Family Residence. 6, 875 SF lot with an existing 714 SF structure and alley access. Potential to build up to 6-8 attached units, subject to City of Phoenix approval. Situated blocks from Roosevelt Row, Chase Field, Banner University Medical Center, and the Phoenix Convention Center. Minutes from Downtown Phoenix, ASU Downtown Campus, and the Arizona Science Center with easy access to I-10 and SR-51.

1025 E Roosevelt Street, Phoenix

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