Phoenix Homes with Other Parking Features

Phoenix Homes with Other Parking Features

Welcome to Phoenix, Arizona – a vibrant desert oasis that perfectly blends urban sophistication with breathtaking natural beauty. As the state capital and the fifth-largest city in the United States, Phoenix boasts a rich cultural tapestry, thriving job market, and an enviable year-round climate that attracts residents from all walks of life. Nestled in the heart of Maricopa County, this dynamic city offers a plethora of outdoor activities, from hiking in the iconic Camelback Mountain to exploring the stunning landscapes of the Sonoran Desert.

One of the standout features of homes in Phoenix is their diverse parking options. Many properties come equipped with unique parking features that cater to the needs of modern homeowners. Whether you’re looking for spacious driveways, carports, or even RV parking, the real estate market in Phoenix has something to suit everyone. These thoughtful amenities not only enhance convenience but also provide added value to your investment.

As you explore the neighborhoods of Phoenix, you’ll find charming communities that offer a variety of home styles, from contemporary designs to classic Southwestern architecture. Each area has its own character, with local parks, shopping centers, and dining options just a stone’s throw away.

In Phoenix, you’re not just buying a home; you’re investing in a lifestyle filled with sunshine, adventure, and endless possibilities. Discover your perfect abode in this thriving city where the desert meets urban living, and let your new chapter begin!

Newest Phoenix Homes with Other Parking Features

$1,625,000
10 Beds 8 Baths 7061722 MLS
Eight-unit Phoenix multifamily investment under one Absolute NNN master lease. Offered at $1,625,000 with current Year-2 base rent and NOI of $127,200, a 7.83% cap rate. Six 1BR and two 2BR units across three buildings. Tenant pays taxes, insurance, utilities and operating expenses. Lease runs through 8/31/2030 with $100 monthly base-rent increases at each remaining lease-year anniversary, two five-year options, a personal guarantee and first right of refusal. Interior renovations, gated courtyard, on-site laundry and three storage rooms enhance the property. No seller financing. Do not disturb tenants. Buyer to verify all information. Acquire eight residences supported by a single Absolute NNN master lease in Phoenix's Sunnyslope/North Mountain area. The property includes six one-bedroom/one-bath units and two two-bedroom/one-bath units in three one-story buildings. Reported building area is approximately 4,461 SF on approximately 14,257 SF of land. The initial lease began September 1, 2025 and expires August 31, 2030. Current Year-2 base rent, effective September 1, 2026, is $10,600 monthly or $127,200 annually. Annual NNN reimbursements total $12,577.32, comprising $4,040.40 for taxes and $8,536.92 for insurance. Total annual rent plus reimbursements is $139,777.32. Matching reimbursed expenses are $12,577.32, leaving $127,200 NOI and a 7.83% cap rate at the $1,625,000 asking price. These are annualized current lease-year figures. Monthly base rent increases to $10,700 on September 1, 2027, $10,800 on September 1, 2028 and $10,900 on September 1, 2029. Year-5 annual base rent is $130,800, equivalent to an 8.05% cap rate at the current asking price under the stated NNN structure. Two five-year renewal options, a personal guarantee and a first right of refusal are reported. Renewal options are not exercised lease terms. Features include extensive 2024 interior renovations, tenant-funded exterior paint and landscaping, gated access, a privacy wall, paver courtyard, an on-site laundry room and three storage rooms. Nearby services include healthcare, public transportation, shopping and North Mountain recreation. Seller financing is not available. Please do not disturb residents. Complete tenant leases are provided only after the property is under contract to protect tenant privacy. Disclaimer: Information is believed reliable but is not guaranteed. Buyer must independently verify all facts, figures, income, expenses, leases, occupancy, measurements, condition, zoning and permitted uses. Pro forma rents, returns and financing illustrations are estimates, not guarantees. Offering is subject to errors, omissions, prior sale, changes in price or terms and withdrawal without notice.

8939 N 8th Street, Phoenix

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