Phoenix Homes with Barbecue Community Features

Phoenix Homes with Barbecue Community Features

Phoenix, located in Maricopa County, Arizona, is a vibrant city known for its warm climate, stunning natural landscapes, and thriving real estate market. With its diverse neighborhoods, rich cultural heritage, and numerous amenities, Phoenix offers an exceptional quality of life for residents.

As a sought-after destination, Phoenix boasts a wide range of housing options, including homes with barbecue community features. True to its reputation as the "Valley of the Sun," many residential communities in Phoenix offer outdoor spaces perfect for grilling and entertaining. These homes often feature spacious patios, well-equipped barbecue areas, and beautifully landscaped yards, providing residents with the ultimate outdoor living experience.

Living in a community with barbecue features not only allows residents to enjoy the year-round sunshine but also promotes a sense of community and encourages social gatherings. Whether you're hosting a summer cookout or enjoying a casual dinner with friends and family, these homes provide the ideal setting for creating lasting memories.

Additionally, Phoenix offers a wealth of recreational activities, including hiking, golfing, and exploring its stunning desert surroundings. The city is also home to a vibrant culinary scene, with a wide array of restaurants and eateries offering diverse cuisines to satisfy any palate.

With its favorable climate, scenic beauty, and homes with barbecue community features, Phoenix is an excellent place to call home. Whether you're a young professional, a growing family, or a retiree looking for an active lifestyle, Phoenix has something to offer everyone.

Newest Phoenix Homes with Barbecue Community Features

8939 N 8th Street, Phoenix
$1,450,000
10 Beds ⋅ 8 Baths ⋅ 7061722 MLS
Price reduced to $1,450,000. Fully occupied Phoenix eight-unit property on one Absolute NNN master lease. Year 2 base rent of $127,200 annually supports an 8.77% lease-basis cap at the new price. Tenant pays taxes, insurance, utilities, maintenance and operations per the lease. Initial term through August 31, 2030, plus two five-year renewal options. Now offered at $1,450,000, 8939 N 8th Street is a fully occupied eight-unit multifamily property in North Phoenix under one Absolute NNN master lease. The property comprises six one-bedroom and two two-bedroom units, with extensive interior renovations completed in 2024. The lease provides $10,600 per month in Year 2 base rent, or $127,200 annually, supporting an 8.77% Year 2 lease-basis cap rate at the new asking price. Base rent increases by $100 per month at the start of each remaining lease year, reaching $130,800 annually in Year 5, equivalent to a 9.02% lease-basis cap rate at the new price. The initial lease runs through August 31, 2030, with two additional five-year renewal options, a personal guarantee and a first right of refusal. Under the Absolute NNN lease, the tenant is responsible for property taxes, insurance, utilities, maintenance and property operations, subject to the executed lease. The property includes three single-story buildings, 12 parking spaces, an on-site laundry room, three storage rooms, gated access and a paver courtyard. Seller financing is unavailable. Cap rates use annual base rent divided by the asking price under the stated lease economics. Tax and insurance reimbursements are excluded from the cap calculation. Buyers should independently verify lease terms, collections, expenses and property information. Executed leases are provided under contract. Please arrange tours through the listing broker. HIGHLIGHTS - New asking price $1,450,000, or $181,250 per unit. - 8.77% Year 2 lease-basis cap on $127,200 in annual base rent. - Absolute NNN master lease across all eight units. - Tenant responsible for taxes, insurance, utilities, maintenance and operations per the lease. - $100 monthly step-up at the start of each remaining lease year. - Initial term through August 31, 2030, plus two five-year renewal options. - Six one-bedroom units and two two-bedroom units. - Extensive 2024 interior renovations, gated courtyard, laundry, storage and 12 parking spaces.

8939 N 8th Street, Phoenix

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