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$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 รท $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

Listing courtesy of Listing Agent: Linda S Gerchick (602-688-9279) from Listing Office: Gerchick Real Estate.

$700,000
4 Beds 3 Baths 6991050 MLS
This expansive 3,062 sq. ft. home has been lightly lived in by a single, owner occupant of 35 years, contributing to its well-maintained condition and move-in ready appeal. The interior has been refreshed with new flooring, fresh paint, new lighting, and new ceiling fans throughout. The floor plan is designed for flexibility, featuring two large living areas and two dedicated eating areas including a dining room with an Arcadia door that opens to a balcony overlooking the backyard. The kitchen is bright and functional, centered around a large island with windows that look directly out over the pool. The home's 4-bedroom layout includes a substantial mother-in-law suite or secondary sitting room, complete with an additional walk-in closet and direct exterior exit--perfect for guests, home office or multi-generational living. The large primary bedroom serves as a spacious retreat with mountain views. The backyard features mature trees, refreshing pool, relaxing spa, and a gazebo for shaded entertaining. Situated on a generous lot, the property includes a large side yard and a convenient RV gate, offering plenty of room for toys and outdoor activities. No HOA! Key updates over the years include a new roof, HVAC with air scrubber, a resurfaced pool with Pebble Tec and a professional expansion that increased the home's square footage. Walk to Hidden Hills Elementary and Lookout Mountain Park w/Smart Play Areas, Tennis, Workout Stations & Volleyball. Enjoy hiking the numerous trails at Lookout Mountain. Centrally located with easy access to downtown Phoenix, Kierland Commons, Scottsdale Quarter, Desert Ridge, restaurants, 51, 101 and I17 freeways.

1843 E Sheena Drive, Phoenix

Listing courtesy of Listing Agent: Kim Grant (602-404-8110) from Listing Office: HomeSmart.

Selling Office: Real Broker.

$585,000
3 Beds 2 Baths 6967171 MLS
Tastefully updated and thoughtfully designed, this light and bright home sits on a generously sized lot with an expansive backyard ideal for entertaining and everyday enjoyment. Vaulted ceilings enhance the open floorplan, creating an airy, spacious feel throughout the main living areas. The expansive kitchen features new white cabinetry, quartz countertops, & a large center island, seamlessly opening to the family room highlighted by a beautifully tiled floor-to-ceiling fireplace. Two spacious living areas provide flexible options for relaxing or hosting, while fresh interior & exterior paint, along with new lighting, fans & fixtures, add a clean, modern touch. Both bathrooms have been fully remodeled with stylish finishes, while white cabinetry continues the cohesive design throughout. Step outside to the backyard, featuring newly installed sod, a covered patio, a paved walkway to the gazebo, and a sparkling poolperfect for Arizona living. Additional features include garage storage racks for added organization. This move-in-ready home blends comfort, style, and functionality in every detail. Walk to Hidden Hills Elementary and Lookout Mountain & Park w/Smart Play Areas, Hiking, Tennis, Workout Stations & Volleyball. Centrally located with easy access to downtown Phoenix, Kierland Commons, Scottsdale Quarter, Desert Ridge, restaurants, 51, 101 and I17 freeways.

1909 E Redfield Road, Phoenix

Listing courtesy of Listing Agent: Kim Grant (602-404-8110) from Listing Office: HomeSmart.

Selling Office: West USA Realty.

$540,000
4 Beds 3 Baths 6633991 MLS
This meticulously maintained home has undergone continuous upgrades since 2020, showcasing a commitment to both aesthetics and functionality. Inside, the transformation is evident with the introduction of higher-end vinyl plank flooring, quality carpeting, and a fresh interior paint. Structural improvements include a new roof, ensuring long-term durability. The kitchen features pristine quartz countertops, dual sinks and newer refig/freezer. In 2023, the homeowner enhanced the living experience by installing a new water heater, refreshing the exterior and garage with a new coat of paint. Stepping outside, the landscaping has been thoughtfully rejuvenated with updated supply lines, drip lines, and heads completed within the last three years. Comprising 4 bedrooms and two-and-a-half baths this residence extends its allure beyond the interior. The large private backyard is an inviting space for both play and relaxation, creating an ideal environment for family and friends to gather. Nature enthusiasts will appreciate the proximity to hiking and nature trails at Lookout Mountain & Phoenix Mountain Preserve, providing endless outdoor exploration opportunities. Adding to its appeal, the residence is conveniently situated just two blocks from Hidden Hills Elementary School, emphasizing its family-friendly character.

13819 N 19th Way, Phoenix

Listing courtesy of Listing Agent: Joseph Kaminsky (602-284-0811) from Listing Office: Keller Williams Arizona Realty.

Selling Office: Mountain Sage Realty.

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All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2026 San Diego MLS®,

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