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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 ÷ $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

$18,000
7058906 MLS
This 5 acre parcel offers stunning desert surroundings, bright stars at night and the peaceful privacy that buyers are seeking outside the city. Slightly elevated, offering wide open desert views. A gorgeous desert wash adds character to your landscaping. Located in the growing area of Wittmann, with easy access using well maintained roads most of the way. The proximity to the proposed Hidden Waters Parkway adds to the potential for future appreciation. Enjoy the freedom of no HOA and the flexibility of rural living while still being part of a developing area. Mostly floodplain but simple research shows this property can suit all your needs. Do your homework to make sure. Check the comparable properties in all of Wittmann- this really is priced to sell.

311XX W Cloud Road Unit -, Wittmann

$155,000
7058312 MLS
This prime vacant lot presents an exceptional investment and development opportunity in a highly desirable downtown location. Zoned R-4, the property offers outstanding flexibility for a variety of residential projects, including single-family homes, townhomes, duplexes, and multi-family developments (subject to city approval). With its central location providing convenient access to shopping, dining, entertainment, schools, and major transportation routes, this parcel is perfectly positioned to meet the growing demand for housing in the area. Whether you're a builder, developer, or investor seeking your next project, this property offers tremendous potential and value. Competitively priced to sell--don't miss this rare opportunity to secure a versatile development site in the heart of downtown.

1714 W Hadley Street Unit 21, Phoenix

$715,000
7058179 MLS
Fully renovated, income-producing three-unit investment property located at 5038 N 18th Avenue in Phoenix, just one block from the Valley Metro light rail. The property consists of a 899-square-foot main house and a 1,377-square-foot duplex, providing approximately 2,276 total square feet across three units. The property has undergone an extensive capital improvement and rehabilitation program, including new luxury vinyl plank flooring, modern baseboards, white vinyl windows, interior and exterior paint, remodeled kitchens with white shaker cabinets, quartz countertops and stainless-steel appliances, updated bathrooms, new plumbing fixtures, electrical upgrades, recessed lighting, ceiling fans, coded entry hardware, Wi-Fi-SEE THE SUPPLIMENT FOR MUCH MORE INFORMATION Fully renovated, income-producing three-unit investment property located at 5038 N 18th Avenue in Phoenix, just one block from the Valley Metro light rail. The property consists of a 899-square-foot main house and a 1,377-square-foot duplex, providing approximately 2,276 total square feet across three units. The property has undergone an extensive capital improvement and rehabilitation program, including new luxury vinyl plank flooring, modern baseboards, white vinyl windows, interior and exterior paint, remodeled kitchens with white shaker cabinets, quartz countertops and stainless-steel appliances, updated bathrooms, new plumbing fixtures, electrical upgrades, recessed lighting, ceiling fans, coded entry hardware, Wi-Fi-enabled thermostats, laundry improvements, exterior repairs, new landscaping rock and the addition of a third bedroom to each unit. The property will be leased to a single tenant under a new five-year nnn lease, providing the investor with predictable income and minimal ownership responsibilities. The tenant will be responsible for 100% of the property's operating expenses, including real estate taxes, property insurance, utilities, maintenance, repairs and other customary property-related expenses. Initial base rent will be $6,500 per month, or $78,000 annually. Rent will increase by $1,200 annually during each of Years 2, 3, 4 and 5, providing the following scheduled rental income: Year 1:$6,500 per month / $78,000 annually Year 2:$6,600 per month / $79,200 annually Year 3:$6,700 per month / $80,400 annually Year 4:$6,800 per month / $81,600 annually Year 5:$6,900 per month / $82,800 annually This offering provides investors with a newly renovated asset, contractual rental growth, limited landlord obligations and convenient access to public transportation, employment centers, shopping, dining and central Phoenix amenities. Once the lease is fully executed, all lease terms, rental amounts and income figures presented will reflect the final signed lease and will be 100% accurate as of the lease execution date. Buyer to verify all facts and figures. Location 5038 N 18th Avenue is centrally located in Phoenix's established Alhambra neighborhood, just south of Camelback Road. The property offers convenient access to the Camelback Road and 19th Avenue commercial corridors, Interstate 17, Central Phoenix, Midtown, Downtown Phoenix, and Grand Canyon University. A significant location advantage is the property's proximity to the Valley Metro Rail station at 19th Avenue and Camelback Road, approximately 0.2 miles away. Residents can walk to the station and access employment centers, educational institutions, sporting events, entertainment districts, Downtown Phoenix, Phoenix Sky Harbor International Airport connections, and destinations throughout the Valley Metro system. Area Amenities The surrounding neighborhood provides convenient access to grocery stores, restaurants, coffee shops, pharmacies, banks, fitness centers, medical services, schools, and other everyday necessities. The nearby Camelback Road, Bethany Home Road, 19th Avenue, and Central Avenue corridors offer a broad selection of national retailers, locally owned businesses, and neighborhood services. Residents are also within convenient driving or light-rail distance of: * Uptown Plaza and the Central Avenue dining corridor * The Melrose District's restaurants, boutiques, and locally owned businesses * Steele Indian School Park * Encanto Park and Encanto Golf Course * Phoenix College * Grand Canyon University * Downtown Phoenix's business, educational, medical, and cultural districts Entertainment Venues The property's central location provides access to numerous entertainment, cultural, and sporting destinations. Grand Canyon University's main campus is located at 3300 W Camelback Road and offers collegiate sporting events, concerts, theatrical productions, and other community activities. ([Grand Canyon University][2]) Additional destinations accessible by car or light rail include: * GCU Arena * Footprint Center * PHX Arena and Downtown Phoenix sporting events * Arizona Financial Theatre * Phoenix Convention Center * The Van Buren * Phoenix Art Museum * Heard Museum * Roosevelt Row Arts District * Chase Field * Downtown Phoenix restaurants and nightlife Major Employers The property is positioned near several of Central Phoenix's most significant employment centers. Grand Canyon University is located approximately two miles west of the property, while Banner Health's corporate offices are situated along Central Avenue. Banner-University Medical Center Phoenix, the City of Phoenix, Phoenix College, and Downtown Phoenix's government, healthcare, education, financial, hospitality, and professional-service employers are also readily accessible. Major area employers and employment centers include: * Grand Canyon University * Banner Health and Banner-University Medical Center Phoenix * City of Phoenix * State of Arizona * Phoenix College and the Maricopa County Community College District * Phoenix Union High School District * Maricopa County * Downtown Phoenix financial and professional-service firms * Phoenix Sky Harbor International Airport and its supporting employers Transportation The property offers excellent multimodal transportation access. The 19th Avenue/Camelback Valley Metro Rail station and park-and-ride facility are located approximately 0.2 miles from the property. The station is served by the Valley Metro B Line and connects the neighborhood with Midtown and Downtown Phoenix, Grand Canyon University-area destinations, Phoenix Sky Harbor International ([Valley Metro][1]) Bus service is available along both 19th Avenue and Camelback Road, providing additional connections throughout Central Phoenix. Interstate 17 is approximately one mile west of the property, offering convenient regional access to Downtown Phoenix, the West Valley, North Phoenix, Loop 101, and Interstate 10. The combination of walkable light-rail access, nearby bus routes, major arterial streets, and convenient freeway connectivity makes this location especially attractive to residents seeking transportation flexibility and access to major employment and entertainment destinations.

5038 N 18th Avenue, 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

$495,000
7053423 MLS
Right off the Roosevelt Row Arts District, 802 W Roosevelt St is a duplex in the heart of Central Phoenix's highly walkable and revitalized Triangle District. Built in 1930, the property features two well-maintained 2-bed/1-bath units, each approximately 750 square feet, blending historic charm with modern updates. The large 0.205-acre R-5 zoned lot provides future upside, while on-site laundry adds everyday convenience. Ideal for an owner-occupant, short- or mid-term rental operator, or traditional multifamily, the property is just minutes from Downtown Phoenix, Roosevelt Row, ASU Downtown, and the I-10 & I-17 freeways. This location places residents near the Valley's top dining, entertainment, employment, and cultural destinations.

802 W Roosevelt Street, Phoenix

$5,900,000
7053233 MLS
Hidden View Ranch is a rare 82.66-acre legacy property where Cave Creek flows through the heart of the ranch. Bordered by the Spur Cross Conservation Area and State Trust Land, it offers exceptional privacy, direct access to protected open space, and breathtaking mountain views in every direction. Improvements include a nearly completed custom residence with attached guest casita, a separate 1,600-square-foot home, a barn with apartment, six-stall horse barn, kennel building, and three productive water wells. The original historic Dick Van Dyke homestead is rich in history and natural beauty. This extraordinary property offers limitless potential as a premier equestrian estate, family compound, luxury retreat, or generational legacy ranch. See further information click the more tab. Hidden View Ranch is a truly extraordinary Arizona legacy property offering a rare combination of history, natural beauty, privacy, water resources, and equestrian amenities. Encompassing 82.66 acres in the heart of one of the most scenic and protected landscapes in the Desert Southwest, this remarkable ranch presents an opportunity that is becoming increasingly difficult to find and impossible to duplicate. Originally established as the historic Dick Van Dyke Homestead, Hidden View Ranch occupies a unique setting where Cave Creek seasonally flows through the property, creating a lush desert oasis unlike any other in the region. Mature cottonwoods, native vegetation, and abundant wildlife thrive along the creek corridor, providing a striking contrast to the surrounding Sonoran Desert landscape. The property is bordered by both the Spur Cross Conservation Area and State Trust Land, ensuring exceptional privacy while providing direct access to thousands of acres of protected open space. The result is a ranch that feels both secluded and expansive, with uninterrupted mountain views stretching in every direction. Water is among the most valuable assets in the Southwest, and Hidden View Ranch is uniquely positioned in this regard. In addition to the natural presence of Cave Creek, the property benefits from three productive water wells that provide a reliable and valuable water supply for residential, agricultural, and equestrian uses. These water resources significantly enhance the ranch's long-term value and offer flexibility for future expansion and development. The improvements on the property have been thoughtfully designed to support a wide range of uses, from luxury ranch living and equestrian pursuits to guest accommodations and multigenerational ownership. The nearly completed main residence reflects exceptional craftsmanship and attention to detail, blending timeless design with modern comfort. An attached guest casita provides additional living space for visitors or extended family members. Complementing the main residence is a separate 1,600-square-foot home that can serve as guest quarters, staff housing, or a private residence for family members. Equestrian facilities are a central component of the ranch. The property includes a barn with an apartment, a separate six-stall horse barn, and ample room for arenas, paddocks, training facilities, and expanded horse operations. The surrounding landscape offers exceptional opportunities for trail riding and outdoor recreation, with immediate access to vast stretches of protected land. A dedicated kennel building further enhances the versatility of the property and supports a variety of ranch and sporting lifestyles. Beyond its existing improvements, Hidden Valley Ranch offers tremendous future potential. Whether envisioned as a world-class equestrian estate, a private family compound, a luxury retreat, a working ranch, or a conservation-minded legacy property, the ranch provides an unparalleled foundation for a wide range of possibilities. The combination of acreage, water, privacy, protected surroundings, and substantial infrastructure creates a unique opportunity for an owner to shape the property according to their vision while preserving its remarkable character and heritage. The ranch consists of two separate contiguous parcels, a 67.66 acre parcel that is completely vacant and a 14.993 acre parcel that has the homes and facilities located on it. It is more than a ranch; it is a legacy property of exceptional quality, historical significance, and lasting value--a rare opportunity to own one of Arizona's truly remarkable private estates.

42650 N 52nd Street Unit -, Cave Creek

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