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$1,625,000
10 Beds ⋅ 8 Baths ⋅ 7061722 MLS

8939 N 8th Street, Phoenix
$390,000
7061300 MLS ⋅ 1,584 SqFt.
OWNER MAY CARRY! Zoned R-5 with C-2 multi-use, part of Hatcher Overlay District (see docs) on lrg lot in N. Central Phx, good street frontage. Currently set as 2 sep office suites, ea with reception area, 3 offices and 1 bath. SUITE A has kitchenette and appx 740sf, SUITE B apppx 830sf. Or c/b be used as one lrg 6-office suite with 2 bathrooms (no shower/tub). C/B prof office, medical clinic, beauty salon, construction bldg. Out bldg w/elect for addl storage or office. Travertine floors with carpet in offices. LARGE LOT with rear yard secured by block fence. 2 RV gates for access, great for equip/vehicle storage. Lots of parking in back. 1 AC replaced appx 2 yrs ago. Near John C Lincoln Med and EZ access to downtown Phx & 51 Fwy. Great rental potential! OWNER MAY CARRY

16 E Hatcher Road, Phoenix
$695,000
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
$399,000
7059823 MLS ⋅ 1,375 SqFt.
Very functional single-story building features three versatile large tile-floored rooms with connecting interior doors that may accommodate office space, light commercial enterprise, storage facility, or more. Two bathrooms are situated within south side of building. Owner has added new septic and water lines, water heater, roof, electrical lines and split AC systems. Covered parking area may accommodate at least three vehicles, and the entire property is encompassed by secure chain-link and barbed wire fencing as well as tubular steel fencing and gate along the patio exterior. There is also a spacious exterior gravel-covered yard south of the building perfect for expansion. Conveniently located just west of Central Avenue along the light rail route!

17 W Alta Vista Road, Phoenix
$650,000
7059467 MLS
Fantastic investment opportunity! This well-maintained 4-plex features three spacious 1-bedroom, 1-bath units and one generous 2-bedroom, 1-bath unit. Conveniently located near shopping, dining, parks, and major commuter routes, it offers the perfect blend of comfort and accessibility. Enjoy off-street parking and stunning mountain views. A great option for both investors and owner-occupiers seeking rental income in a desirable location.

10648 N 15th Avenue, Phoenix
$400,960
7058868 MLS ⋅ 1,442 SqFt.
Great use of space, 3 private offices, bathroom, break room, conference room, 2 storage closets and reception/work area. Paved parking. Commercial carpeting, tile and wood flooring. Great opportunity, in easy to access Central Phoenix.

2814 W Northern Avenue, Phoenix
$1,670,000
7058772 MLS ⋅ 6,003 SqFt.
This listing is for 3 individually platted office condo units in building 4, Suites 136, 139, 142 with individual apn's of 215-18-534, 215-18-533, 215-18-532. *THESE UNITS ARE NOT BEING SOLD INDIVIDUALLY* *Owner Financing Available - 5 Year Interest Only at 8% with 20% down for well qualified parties'' 5,900sf total - Current use is Professional Office but serves as a magnificent opportunity for Medical Office Conversion likely to create hundreds of thousands in equity however this is heavily dependent on the build-out you choose. Brochure is Docs Situated minutes from Mayo Clinic, Abrazo Scottsdale, Honor Health and other providers in the North Phoenix / Paradise Valley / Desert Ridge healthcare corridor As always, buyer to perform their due diligence to their satisfacti

4550 E Bell Road Unit 142, Phoenix
$435,000
7058755 MLS
hree at Taylor Located in the heart of the rapidly revitalizing Phoenix, this well-positioned triplex offers an exceptional opportunity for both investors and owner-occupants seeking strong rental demand and long-term appreciation. Situated in the desirable Garfield Historic District area, the property benefits from its proximity to downtown employment hubs, dining, arts, and entertainment. The property features one 2 bedroom and two 1 bedroom units , providing diversified income potential in one of Phoenix's most active rental corridors. Tenants enjoy convenient access to Arizona State University's downtown campus, major medical centers including Banner - University Medical Center Phoenix, and cultural attractions such as the Phoenix Art Museum. Commuting is seamless with nearby acces to the Valley Metro Light Rail, connecting residents throughout the metro area. Currently rented below markets at $925, $950 & one vacant unit Market rents are $1,050 to $1,250 Each unit offers functional layouts with comfortable living spaces, remodeled making the property attractive for long-term tenants or potential short-term rental strategies where permitted. The central location places residents minutes from downtown Phoenix restaurants, nightlife, and employment centers while maintaining the neighborhood charm of one of the city's most established districts. Whether you're expanding a rental portfolio or seeking a property with strong income potential in a high-growth urban market, this triplex presents a compelling opportunity in one of Phoenix's most desirable investment corridors. All facts and figures are approximate buyer verify MLS information

2142 E Taylor Street Unit 1, Phoenix
$9,500,000
7058644 MLS ⋅ 17,492 SqFt.
Rare opportunity to purchase an in-place ASC License surgical center and clinical space which allows an owner-user to begin operating immediately. Possible long term lease half of the property. The property consists of two Class C operating rooms, a large waiting area, reception, break room, multiple private exam rooms, post operation recovery room, and back up generator. Excellent layout for multiple medical users. The property is located less than a mile for Chandler regional hospital, near Banner Ocotillo hospital and minutes from all the dinning and entertainment of Downtown Chandler.Suite break down 1. Suite 1 - second generation medical office (could be leased back for five years at market rate) ~ 9,684 square feet 2. Suite 2 - built out ASC surgery center with cath labs at ~7,808

77 S Dobson Road, Chandler
$999,990
7057590 MLS
BRAND NEW and Turn Key completely rebuilt 5 unit apartments. New wiring, plumbing, AC, appliances, New Tile flooring, New cabinets, with granite countertops, new window trimming, new windows. This is a turnkey property. Kitchen with Newly added 14 car parking lot. New fencing and backyard. This is a rare find. Dedicated laundry room, which can be used for added income. Done with the idea of lasting excellence and durability. Even the parking lot has brand new asphalt Ready for New tenants at $1650 per month

11230 N 17th Avenue, Phoenix
$769,999
7057410 MLS
Attention aspiring SHORT TERM RENTAL owners!! This is an amazing opportunity to turn a profit and own an investment property. Numbers for only ONE side of the duplex provide a $39K revenue. To help ease the new owners worries there are new roofs on both sides, new AC unit on one side, new water heater on one side, both units come with W/D, refrigerators and blinds. This Is a prime Tempe investment opportunity! This beautifully updated duplex is located in one of the Valley's strongest rental markets, just minutes from Arizona State University, Sky Harbor International Airport, Downtown Tempe, Tempe Town Lake, and major employment hubs. With easy access to Loop 202, SR-143, and I-10, this is an ideal location for attracting long and short-term tenants. Each unit offers a modern, open-concept layout with designer finishes, granite countertops, stainless steel appliances, wood-look tile flooring, spacious bedrooms, private patios, and low-maintenance outdoor space. All features that help attract and retain quality tenants. The property has demonstrated strong rental demand and offers an excellent opportunity for investors seeking immediate income with long-term appreciation potential. Whether you're looking to expand your portfolio, complete a 1031 exchange, or live in one unit while generating rental income from the other, this property checks all the boxes. Opportunities to own a well-maintained duplex in this highly sought-after Tempe location are few and far between. Don't miss your chance to own an income-producing asset in one of Arizona's most consistently desirable rental markets.

421 S Terry Lane, Tempe
$4,495,000
7057128 MLS
Seven-unit townhome portfolio in Encanto Village, one of Midtown Phoenix's most sought-after neighborhoods. Within 10 minutes of major employers, dining, nightlife, professional sports, I-10, SR-51, and SR-202, five major hospitals, and 20 minutes from Sky Harbor. Built in 2021, each 1,779 SF townhome offers 3 bedrooms and 2.5 baths over two levels, with private courtyards, high-end finishes, and two flex areas for work/play. Currently operated as rentals with in-place rents below market, offering meaningful upside in one of the nation's strongest job markets. Each home is individually parceled, allowing an investor to hold the portfolio for income today and later sell units individually at retail. A rare central-Phoenix asset pairing for-sale-quality product with two distinct value paths.

4020 N 12th Street, Phoenix
$799,900
7056928 MLS
Words can't fully capture the value of this impeccably maintained four-plex, where pride of ownership is evident throughout. Ideally situated in a highly desirable rental community, this property offers both stability and long-term upside for any investor. Each of the four units features a 2-bedroom, 1-bath layout with 926 square feet, providing comfortable and functional living spaces that remain in high demand. Three units are currently occupied, delivering immediate cash flow, while Unit #4 is vacant and available to show. Each unit includes French doors leading to a spacious front deck or patio area, creating a welcoming indoor-outdoor feel. The downstairs units enjoy private fenced yards, a rare amenity that enhances tenant appeal.

3823 N 23rd Drive, Phoenix
$1,325,000
7056873 MLS ⋅ 1,110 SqFt.
Two C2 Commercial properties with office and 3 bedroom house. 1260 sf house and 1.89 acres of fully fenced land. Buyer to verify measurements and information. Possible uses include commercial, contractor yard, auto, etc.

8027 S Avenida Del Yaqui --, Guadalupe
$1,053,000
7056808 MLS ⋅ 2,115 SqFt.
Claim the opportunity to acquire a stable asset with a long-term tenant in a highly established healthcare corridor in Gilbert. The dental tenant has built a strong reputation for patient-focused care and is backed by a Dental Support Organization (DSO), providing the operational infrastructure and financial strength that institutional investors value. Having recently signed a five-year lease extension, the tenant has reinforced confidence in the site and provides its future owner with dependable, long-term cash flow. Combined with the recession-resistant nature of dental practices and Chandler's continued population and economic growth, this investment presents an exceptional opportunity to acquire a durable NNN-leased asset in a proven market.

3336 E Chandler Heights Road Unit B20, Gilbert
$2,049,000
7056449 MLS ⋅ 9,216 SqFt.
Rare opportunity featuring two side-by-side, freestanding masonry office buildings totaling 9,216 SF on a 0.90-acre lot. This fully occupied asset provides immediate, stabilized cash flow from an established mix of professional office tenants. Both buildings feature highly flexible layouts with private offices, reception areas, and private restrooms. Renovations new roofs, resurfaced parking lot, and some new A/C units within the last 7 years. High-visibility monument signage on Stapley Dr. Includes 45 parking spaces. Easy access to Loop 202 & US-60. Properties are positioned in a thriving East Valley commercial pocket close to dining & retail. Don't miss this highly versatile commercial package

919 & 925 N Stapley Drive, Mesa
$595,000
7056288 MLS ⋅ 1,537 SqFt.
With a prime Mesa location sitting between Loop 202, Loop 101 and SR 87, this recently renovated stand-alone office has easy access to the rest of the East Valley. Surrounded by a strong mix of retail, dining, medical, and professional services, including Mesa Riverview, Sloan Park, Banner Desert Medical Center, and countless others along Alma School Road and Dobson Road, this property is in an ideal location for easy access. With modern upgrades and quality finishes, this building provides a professional setting with excellent visibility and a private parking lot. FF&E from medspa tenant is also available

503 N Alma School Road, Mesa
$579,000
7055927 MLS
Great opportunity to buy a rare 3plex with all units fully occupied producing income immediately. Two one bedroom units and one 3 bedroom unit, both are rare and easy to rent because of it. Exterior was just painted 07/09/2026.

4804 E Caballero Circle, Mesa
$1,100,000
7055258 MLS ⋅ 3,911 SqFt.
Prime C-3 commercial opportunity in the heart of Phoenix! Currently operating as an auto dealership, this versatile property offers endless future potential. The building features a spacious warehouse with a car lift, plus fully remodeled office space, kitchen, and bathroom. Move-in ready for a variety of uses. Enjoy rare dual frontage on both Broadway Road and 9th Street, with access points on each side and secure gated parking. Room to grow, flexible zoning, and high-visibility exposure make this a standout investment. Buyer to verify all information and details.

906 E Broadway Road, Phoenix
$2,500,000
7054768 MLS ⋅ 12,027 SqFt.
Tucked into Midtown Phoenix near the historic Coronado District, 2310 N 16th St gives an owner-user a large, centrally located retail building on a site with dedicated parking that most retail in the corridor does not have. The larger space, at 10,527 SF, is a general-purpose retail space delivered vacant at close, ready for an owner to occupy. The smaller 1,500 SF space operates as a bar and lounge that has anchored this stretch of 16th Street since 1976 and generates approximately $36,000 in annual income. The site spans 0.619 acres with 30 surface parking spaces. The property is zoned C-2/R-4, with the majority under the C-2 commercial designation. The result is a unique opportunity for an owner-user to occupy the bulk of the building while the smaller unit contributes income that help

2310 N 16th Street, Phoenix
$1,600,000
7054129 MLS ⋅ 3,132 SqFt.
La Hacienda Office Plaza. This well-maintained neighborhood strip center presents an excellent investment opportunity in the heart of Phoenix. The property consists of six retail units (three are combined), offering a diverse mix of income-producing spaces with strong visibility, convenient access, and ample on-site parking. Ideally positioned along a high-traffic corridor, the center benefits from excellent exposure and a steady flow of customers from the surrounding residential and commercial neighborhoods. Whether for an investor seeking stable cash flow or an owner looking to expand their commercial portfolio, this property offers significant long-term value and upside potential in one of Phoenix's most active retail markets.

10328 W Indian School Road, Phoenix
$2,895,000
7053732 MLS ⋅ 9,516 SqFt.
Located in the heart of Chandler's East Valley. This I-1 Flex Space Property is positioned in one of the area's most established Industrial corridors. This property provides outstanding connectivity to Loop 202, Loop 101, US-60, and Arizona Ave, allowing for convenient access throughout the Southeast Valley and the greater Phoenix region. It is an ideal fit for owner-users, contractors, distributors, light manufactures, technical companies & warehouse operations. Key Highlights of the property Include: -Premium Office Buildout: A high-end office space featuring a conference room and theater. -Specialized Warehouse Features: 8 air conditioned enclosed workspaces, perfect for estimators, outside sales, or warehouse staff. -Bonus Space: Fully built out mezzanine with full bath & s -Strategic Location: Minutes from Downtown Chandler and Chandler Municipal Airport, surrounded by world class technology and manufacturing hubs. -This property represents an outstanding opportunity to secure industrial real estate in a supply-constrained submarket. With its versatile configuration and high end finishes, it is well positioned to support long term business success. -Property square footage is divided close to 50/50 office to warehouse space.

3184 N Colorado Street, Chandler
$709,000
7053664 MLS
Rare investment opportunity in Phoenix. This is a four-unit, two-story multifamily dwelling is designed for rental income with three of the four units currently occupied. The layout features four 2-bedroom, 1-bathroom units. Having one unit vacant gives you the opportunity to view the rental space without disturbing residents.

1321 W Vogel Avenue, Phoenix
$425,000
7052276 MLS
Excellent multifamily investment opportunity on an R-5 zoned multifamily parcel. This fully remodeled duplex features two 2-bedroom, 1-bath units, updated in 2023 with modern kitchens, updated bathrooms, and tile flooring throughout. Situated on a 6,350 sq. ft. lot, the existing duplex leaves additional open space that may offer future expansion or redevelopment potential, subject to buyer verification and City of Phoenix requirements. Ideal for investors seeking immediate rental income, owner-occupants, or those looking for a value-add opportunity. Conveniently located just minutes from Downtown Phoenix, Roosevelt Row, Grand Avenue, the Arizona State Capitol, and I-10 and I-17.

1647 W Garfield Street, Phoenix
$819,000
7052231 MLS ⋅ 2,007 SqFt.
A single-story commercial garden office building with 6 parking spaces in the front, and 7 spaces in the back. 2,007 SF of floor area includes 1 private office suite with bathroom, reception, meeting room & 2 open work areas, break room & ADA restroom. Porcelain floor tiles throughout. See the attached Site Plan & Floor Plan in the listing. Great for Professional Offices. such as Engineering, Insurance agency. Accounting... Close to Chandler Fashion Center. INTEL, City Hall of Chandler, Costco, Chandler Hospital, Loop 101 & 202, Price Road Scientific Corridor. *** NO Common Area Charges for life! A secure private open back yard with a steel gate! *** This property is also for lease, see MLS #: 7052208

877 N Alma School Road W, Chandler
$999,900
7051539 MLS ⋅ 18,216 SqFt.
** Just Reduced by 750k from the original Asking price. Price to sell! Prime investment opportunity near downtown Mesa . This 18,206 SF, 11-unit office building, zoned LC and built in 1966, offers strong potential for office investors. Located in a desirable Mesa area, it's ideal for expanding your commercial portfolio with space suited for professional tenants. Come and see it today! 18,206 SF building 11 units Built in 1966 Zoned LC Prime location in Mesa area

455 W 5th Place, Mesa
$550,000
7051345 MLS
Amazing opportunity! 4 Plex!! Amazing location! Each Unit is a 2 bed, 2 bath, with laundry hookups. HOA includes water/sewer/trash, community pool and landscaping. Units are individually metered for electric.

2833 E Paradise Lane, Phoenix
$800,000
7050837 MLS

721 E Carol Avenue, Phoenix
$1,999,999
7049354 MLS ⋅ 4,116 SqFt.
Great location for a retail business. You can either buy the building and retain tenants (6%) Cap rate, or use as owner user. Presently a restaurant and barber shop. Stand alone building with drive through for the restaurant. Good lighting, tile floors, bright and inviting furniture, and remodeled in 2022. This is a very busy area.

1231 W Baseline Road, Mesa
$1,251,600
7048948 MLS ⋅ 2,890 SqFt.
Exceptional standalone office building in North Scottsdale offering 2,980 SF of beautifully updated space with high-end finishes throughout. This two-story office features a welcoming reception area, four private offices, conference room, open bullpen workspace, breakroom, coffee bar, five restrooms, and multiple outdoor patios with stunning mountain views. Nine on-site parking spaces, including four covered, provide convenience for employees and clients. Ideally located near Pima Road and Pinnacle Peak Road, this property offers excellent accessibility, a professional presence, and a flexible layout suited for a variety of office users in one of Scottsdale's most desirable business locations.

8712 E Vista Bonita Drive, Scottsdale

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