Refine Search
Map
Sort by
$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

Listing courtesy of Listing Agent: Scott Grigg (480-540-5479) from Listing Office: Grigg's Group Powered by The Altman Brothers.
$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

Listing courtesy of Listing Agent: Natan Jacobs (602-281-6202) from Listing Office: ABI Multifamily.
$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

Listing courtesy of Listing Agent: Natan Jacobs (602-281-6202) from Listing Office: ABI Multifamily.
$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

Listing courtesy of Listing Agent: Kim Panozzo (480-307-8326) from Listing Office: HomeSmart.
$1,100,000
8 Beds ⋅ 8 Baths ⋅ 7065881 MLS
Do not miss the fantastic opportunity to own this 4-plex no HOA! All four units feature a practical and spacious floor plan with soaring vaulted ceilings, wood-look flooring in main living areas, fireplace, and well-appointed kitchen with built-in appliances. Two bedrooms and two bathrooms for added convenience. Nicely sized backyard with covered patio. Great location close to dining, medical facilities, and freeways! Act before it's too late!

319 E Coronado Road Unit 1, Phoenix

Listing courtesy of Listing Agent: Jessica Perez (623-261-8158) from Listing Office: A.Z. & Associates.
$370,000
6 Beds ⋅ 6 Baths ⋅ 7065796 MLS
Vacant investor special and fixer-upper with huge upside! This red brick property offers a rare value-add opportunity near Downtown Phoenix. The main home is set up as a 5 bed / 5 bath layout, ideal for a PadSplit / co-living strategy or a strong rental hold once renovated. There's also an approx. 700 sq ft casita that can be finished and rented separately for additional income. Projected rents are around $1,000 per bedroom in the main house plus ~$1,500/month for the casita, for an estimated $6,500/month total potential. Seller is motivated and is looking for a cash offer with a quick close. Located minutes from Downtown Phoenix with easy access to major freeways, jobs, dining, nightlife, and entertainment.

1002 W Polk Street, Phoenix

Listing courtesy of Listing Agent: Pedro Hernandez Murillo (602-316-1188) from Listing Office: Realty ONE Group.

Selling Office: ARRT of Real Estate.

$715,000
6 Beds ⋅ 6 Baths ⋅ 7065772 MLS
Brand new duplex built by Gardner Davila Construction. Builder incentive 4.99% interest rate for 30 year mortgage with 780+ credit score, personal residence buyer with a 10% down payment. Both units feature 3 beds and 3 baths with an oversized great room and large bedrooms. To be complete October 2026.

1525 W Tonto Street Unit 1 & 2, Phoenix

Listing courtesy of Listing Agent: Kyle Gardner (480-468-6611) from Listing Office: Evergreen Realty LLC.
$510,000
6 Beds ⋅ 3 Baths ⋅ 7065237 MLS
Great investment opportunity in Central Phoenix! This triplex was recently updated and each unit has a large living room, two-bedrooms, one bathroom, a spacious kitchen, and great backyard space. All three units are fully leased with stable tenants. Good roof (replaced in 2016) and new air-conditioning units (replaced in 2020 & 2024). Make your move now! Drive by only. Do not disturb tenants. Assumable FHA loan, balance $376k at 5.73% rate. 29 years remaining.

2210 W Heatherbrae Drive, Phoenix

Listing courtesy of Listing Agent: Paul Mosley (480-475-9525) from Listing Office: Epique Realty.
$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

Listing courtesy of Listing Agent: Jonathon Shoecraft (385-266-6377) from Listing Office: Redrock RE Partners.
$650,000
7 Beds ⋅ 4 Baths ⋅ 7064937 MLS
INVESTMENT OPPORTUNITY to own THREE separate income-producing units. All three units are currently rented, providing immediate rental income. Convenient Phoenix location with access to major roads, shopping, dining, and nearby amenities. Great opportunity for investors looking to add a multi-unit property to their portfolio. Properties are located on two parcels. The owner is working to have the parcels combined with the city. Please include both legal descriptions on the offer. Buyer to verify all facts and figures.

3716 E Fillmore Street, Phoenix

Listing courtesy of Listing Agent: Benjamin Marquez (623-244-8352) from Listing Office: eXp Realty.
$690,000
9 Beds ⋅ 5 Baths ⋅ 7064823 MLS
This 4-unit property in Phoenix presents a compelling opportunity for the owner-occupant or buy-and-hold investor looking to enter or expand in one of the Valley's most resilient rental markets. The offering features a desirable unit mix of three 2-bedroom residences and one spacious 3-bedroom unit, ideal for the house hacker looking to offset their mortgage while building long-term equity. The property is move-in ready with meaningful updates already in place, allowing an investor to step in with confidence while still having a clear runway to add value through strategic improvements and rental rate optimization.

2440 E Waltann Lane, Phoenix

Listing courtesy of Listing Agent: Jackson Everhart (970-219-3038) from Listing Office: Orion Investment Real Estate.
$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

Listing courtesy of Listing Agent: Robert Romanet (602-653-0916) from Listing Office: ARRT of Real Estate.
$1,185,000
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

Listing courtesy of Listing Agent: Francia A Dennis (602-290-4335) from Listing Office: HomeSmart.
$1,185,000
10 Beds ⋅ 5 Baths ⋅ 7063520 MLS
Excellent Central Phoenix investment opportunity! Updated 5-unit multifamily property featuring spacious 2BD/1BA units. Units offer updated kitchens, bathrooms, flooring and appliances. Property includes covered parking, private outdoor areas and low-maintenance landscaping. Additional value-add opportunity with existing bonus space that could potentially be converted into an on-site laundry facility, creating an additional revenue stream while providing a desirable tenant amenity and supporting future rent growth. Alternatively, the space could be utilized as tenant storage for additional monthly rental income. Convenient Central Phoenix location near 15th Ave & Indian School Rd with easy access to Downtown Phoenix, freeways, shopping, dining and public transportation.

4012 N 15th Avenue, Phoenix

Listing courtesy of Listing Agent: Luis Espinoza (602-373-9729) from Listing Office: Gile Commercial Real Estate.
$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

Listing courtesy of Listing Agent: Bobby H Lieb (602-376-1341) from Listing Office: Compass.
$479,900
6 Beds ⋅ 6 Baths ⋅ 7062490 MLS
Completely Remodeled! All brand new and beautifully updated. A rare 6 bedroom and 6 bathroom opportunity. This won't last long.

3351 W Paradise Drive, Phoenix

Listing courtesy of Listing Agent: Kimberly Mudd (480-307-1988) from Listing Office: Pour La Vie Realty.
$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

Listing courtesy of Listing Agent: Caitlin McKeague (520-631-9047) from Listing Office: Real Broker.
$660,000
8 Beds ⋅ 4 Baths ⋅ 7062340 MLS
The 15th Street fourplex consists of four 2-bedroom, 1-bath units, each approximately 650 square feet. Average rents are $1,107 per unit, producing gross annual income of approximately $53,160. Operating expenses are low, with the owner responsible only for water, sewer, and trash. Three of the four units have been renovated, and two HVAC systems have been replaced within the last 2-4 years. Located in the highly desirable Garfield Historic District, the property offers historic charm, excellent walkability, and close proximity to Roosevelt Row, making it an attractive investment with strong long-term upside in one of downtown Phoenix's most sought-after neighborhoods.

377 N 15th Street, Phoenix

Listing courtesy of Listing Agent: Zachary Coty (602-516-4767) from Listing Office: Compass.
$1,525,000
8 Beds ⋅ 8 Baths ⋅ 7062113 MLS
THIS CONTEMPORARY DUPLEX COMPRISING TWO IDENTICAL SFH HOMES (ONE LOT ONE APN#) IN HEART OF MIDTOWN PHOENIX PRESENTS A COMPELLING OPPORTUNITY TO AQUIRE AN ASSET AT BELOW -MARKET DEBT. The Homes are mirror image 2488 Sq Ft units, each featuring 4 bed, 3 full + 2 half baths spanning three slevels with loft and entertainer's dream roof deck allowing amazing sunset views. Quality finishes throughout with metal and wood, give an urban chic feel.Roof deck has detached casita that can serve as 4 bedroom/office. LIVE IN ONE AND OFF SET EXPENSES BY RENTING THE OTHER. SUITS MULTI-GENERATIONAL FAMILY LIFESTYLES OR 1031 EXCHANGE BUYERS SEEKING RATE CERTAINTY AND LONGTERM FINANCING FLEXIBILTY.

220 W Monterosa Street, Phoenix

Listing courtesy of Listing Agent: Diane Scott (602-317-5220) from Listing Office: Coldwell Banker Realty.

Selling Office: Realty ONE Group.

$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

Listing courtesy of Listing Agent: Mitchell Drake (602-714-1289) from Listing Office: ABI Multifamily.
$889,000
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

Listing courtesy of Listing Agent: Jera M Banks (602-350-8309) from Listing Office: Keller Williams Realty Phoenix.
$1,625,000
10 Beds ⋅ 8 Baths ⋅ 7061722 MLS

8939 N 8th Street, Phoenix

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

Listing courtesy of Listing Agent: Jamie Meyer (480-861-5281) from Listing Office: HomeSmart.
$410,000
6 Beds ⋅ 4 Baths ⋅ 7060986 MLS
wooooow 2 kitchens, 6 bedrooms 4 bathrooms,,, all remodeled,,,,,,,,,Home, sweet home! This fully remodeled property welcomes you inside to a cozy home perfect for relaxing evenings with loved ones. This home is waiting for your personal touches. Private bathroom for added comfort. You'll also find a versatile bonus room completed for guests or extra space. Don't miss it! There's too many upgrades to list and photos don't do it justice!

2714 N 40th Avenue, Phoenix

Listing courtesy of Listing Agent: Nicholas Estrada (602-489-8888) from Listing Office: 4 U Realty Plus.
$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

Listing courtesy of Listing Agent: Linda S Gerchick (602-688-9279) from Listing Office: Gerchick Real Estate.
$480,000
6 Beds ⋅ 4 Baths ⋅ 7060835 MLS
Excellent investment opportunity with this well-maintained duplex! Each features 3 beds & 2 baths with a functional, thoughtfully designed layout. Unit 1 is vacant and move in ready while Unit 2 is leased at $2,000 per month , providing immediate rental income. Inside each unit, you'll find a seamlessly flowing open floor plan enhanced by vaulted ceilings and abundant natural light. The kitchens include appliances, cabinetry, & a laundry closet. Each primary suite features a walk-in closet and a private bathroom. Plus plenty of parking spaces! Desirable location close to schools, hospitals, freeways, shopping, restaurants, and the airport; this property is an outstanding opportunity for investors or owner-occupants looking to offset their mortgage with rental income owner agent

1028 N 27th Street, Phoenix

Listing courtesy of Listing Agent: Andrew Jonovich (602-510-5741) from Listing Office: Realty85.
$5,950,000
6 Beds ⋅ 8 Baths ⋅ 7060684 MLS
Just minutes from The Global Ambassador, your favorite Arcadia's spots, Phoenix Country Day School, and Arizona's premier golf courses and luxury resorts, this newly completed custom-designed estate by Ella Lee Homes in collaboration with Folklore Interior Design sits on a pristine 0.8-acre lot framed by breathtaking Camelback Mountain and Phoenix Mountain Preserve views. Ideally positioned in a sought-after neighborhood at the crossroads of Phoenix and Paradise Valley, this 6,169 sq ft home offers 6 beds, 6 full baths, 2 half baths, and a fully appointed detached guest house. The foyer sets the tone with Roman clay walls, custom paneling, and checkered tile flooring. White oak flooring extends throughout the thoughtfully designed open floor plan, where a formal dining room and spacious great room with a gas fireplace, custom built-ins, and expansive sliding glass doors open seamlessly to the resort-style backyard. The chef's kitchen and sunlit breakfast room create an effortless gathering space for everyday living and entertaining. Outfitted with Wolf and Sub-Zero appliances, the kitchen also features an oversized island, beverage refrigerator, and a fully equipped butler's pantry and prep kitchen complete with a coffee bar, sink, dishwasher, and additional refrigerator. The split floor plan is anchored by a private primary suite with direct backyard access, dual vanities, a soaking tub, oversized walk-in shower, private toilet, and an expansive custom walk-in closet with a center island and direct access to the laundry room. Every guest bedroom is en-suite with its own walk-in closet, while a separate family room offers flexible space for a teen lounge, playroom, game/media room, or fitness studio. Additional amenities include a four-car attached garage for the main house with epoxy flooring, a mudroom with a drop zone, and a laundry room with dual washer and dryer sets. Designed for Arizona living, the backyard features a heated pool and spa, covered patio, built-in BBQ station, dedicated pool bath, an expansive lawn, mature ficus hedges for privacy, fragrant rose gardens, and citrus trees. The detached one-bedroom guest house offers exceptional flexibility with its own living room, full kitchen with a gas cooktop, microwave, dishwasher, pantry, laundry, walk-in closet, and an attached two-car garage--ideal for guests, multigenerational living, or extended stays.

4119 E Stanford Drive, Phoenix

Listing courtesy of Listing Agent: Katrina Barrett () from Listing Office: Local Luxury Christie's International Real Estate.
$918,000
6 Beds ⋅ 50 Baths ⋅ 7060645 MLS
These 2 NEW BUILD single family homes or on 1 lot. 1 APN number, same financing as a duplex. Come and see these amazing 3 BR 2.5 bath single family homes. 20 Foot Ceilings, Luxury flooring, modern kitchen and so much more. Backyards over 1000 SF. Garage for 2 cars plus driveway for more. Balcony on front and back makes these contemporary homes and amazing purchase, especially for a first time investor! No HOA! so much more to see.

2051 E Michigan Avenue E Unit 1, Phoenix

Listing courtesy of Listing Agent: Scot Brian Wendorf (602-663-5753) from Listing Office: Source Real Estate.
$374,000
6 Beds ⋅ 2 Baths ⋅ 7059779 MLS
Investor Special with Significant Renovation Potential! This single-level block home offers approximately 1,903 square feet and is ready for a complete transformation. Situated on a generously sized lot, the property provides an excellent opportunity for an investor, contractor or experienced buyer looking to renovate, reposition and create long-term value. The home needs repairs and updating throughout, but its established central Phoenix location, functional footprint and renovation potential make it an attractive project. Bring your vision and explore the possibilities of restoring, redesigning or modernizing this property. This is a lender-owned/REO property being sold in its current as-is condition.

3248 E Holly Street, Phoenix

Listing courtesy of Listing Agent: Jody Angel (602-628-9381) from Listing Office: HomeSmart.
$650,000
6 Beds ⋅ 4 Baths ⋅ 7059177 MLS
Great opportunity! Embrace the perfect blend of modern style and everyday comfort in this beautiful single-story duplex! Discover a desirable open floor plan filled with abundant natural light, enhanced by wood-look flooring and fresh neutral paint throughout. Upscale kitchen is designed to impress, featuring stainless steel appliances, ample white cabinetry, quartz counters, recessed & pendant lighting, and a peninsula with a breakfast bar that's ideal for casual dining or entertaining. Large main retreat provides a walk-in closet and a private bathroom with a shower & tub combo. Each unit offers 3 bedrooms and 2 bathrooms. Excellent location, close to restaurants, entertainment, and more. What are you waiting for? Make it yours before it's gone!

3753 E Polk Street, Phoenix

Listing courtesy of Listing Agent: Belinda W Li (602-391-7534) from Listing Office: My Home Group Real Estate.

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.

board logo

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®,