Phoenix Homes with Other Parking Features

Phoenix Homes with Other Parking Features

Welcome to Phoenix, Arizona – a vibrant city that perfectly blends the beauty of the sun-soaked desert with the charm of urban living. As the fifth-largest city in the United States and the heart of Maricopa County, Phoenix boasts a rich cultural heritage, stunning landscapes, and a thriving economy. With over 300 days of sunshine a year, residents enjoy an outdoor lifestyle, with endless opportunities for hiking, biking, and exploring the breathtaking Sonoran Desert.

When it comes to finding your dream home in Phoenix, you’ll be delighted by the diverse range of properties available. One standout feature many homes in this region offer is additional parking options, perfect for those with multiple vehicles, recreational toys, or a penchant for hosting gatherings. Imagine coming home to a spacious driveway or a dedicated parking area that accommodates your lifestyle needs – whether it's a classic car collection or the convenience of having friends and family over.

The neighborhoods of Phoenix are as varied as its residents, with options ranging from historic districts with charming bungalows to modern developments featuring sleek architecture. Each area has its unique character, ensuring you find the perfect fit for your lifestyle.

With its warm climate, friendly community, and homes that cater to your parking needs, Phoenix is not just a place to live; it's a place to thrive. Discover the possibilities that await you in this dynamic city, where your ideal home is just around the corner!

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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