Phoenix Homes with Other Parking Features

Phoenix Homes with Other Parking Features

Welcome to Phoenix, Arizona, a vibrant and sun-drenched city that seamlessly blends urban sophistication with breathtaking natural beauty. Nestled in the heart of Maricopa County, Phoenix is renowned for its stunning desert landscapes, rich cultural heritage, and a thriving economy. As the fifth-largest city in the United States, it offers a unique blend of bustling city life and serene outdoor adventures, making it an ideal place to call home.

One of the standout features of homes in Phoenix is the diverse range of parking options available. Many properties boast additional parking features, catering to the needs of modern homeowners. Whether you have multiple vehicles, a recreational vehicle, or simply appreciate the convenience of extra space, you'll find homes equipped with garages, carports, and ample driveway space. This thoughtful design enhances the overall functionality of your living space, allowing you to fully enjoy the beautiful Arizona lifestyle.

Living in Phoenix means embracing year-round sunshine, with an average of 300 sunny days each year. Residents can take advantage of outdoor activities, from hiking the iconic Camelback Mountain to enjoying the vibrant arts scene in downtown. The city also boasts a rich culinary landscape, offering everything from gourmet dining to local food trucks.

In Phoenix, you’re not just buying a home; you’re investing in a lifestyle. With its warm climate, diverse neighborhoods, and homes equipped with practical parking features, Phoenix is the perfect place to create lasting memories. Explore the possibilities today and discover your dream home in this enchanting desert oasis!

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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