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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

$2,600,000
4 Beds 6 Baths 7060794 MLS 6,185 SqFt.
Set within Chateau on Central, an exclusive enclave of just 20 luxury, French-inspired five-story brownstones in the heart of Midtown Phoenix, 54 W. Palm is a truly one-of-one residence that has been completely remodeled and reimagined. This intentionally curated 4-bedroom, 6-bathroom home with a livable basement seamlessly blends timeless architecture with sophisticated, modern design. Featuring soaring 10+ foot ceilings throughout, a private elevator, flexible living spaces, and a two-car garage, every level has been thoughtfully transformed with exceptional craftsmanship, elevated finishes, and meticulous attention to detail. Unlike any other residence in the community, this home has been reinvented from top to bottom, creating a living experience that simply cannot be replicated. Each floor unfolds as its own destination, where refined interiors, abundant natural light, and carefully considered design create an effortless balance of elegance and functionality. Whether entertaining on a grand scale or enjoying everyday living, every space has been designed to elevate the experience. Ideally positioned just moments from Phoenix's premier museums, award-winning restaurants, professional sports venues, and vibrant entertainment destinations, 54 W. Palm offers the perfect blend of luxury, culture, and convenience. More than a home, 54 W. Palm is a rare opportunity to own one of Arizona's most distinctive and unforgettable residences.

54 W Palm Lane Unit 54, Phoenix

$895,000
3 Beds 3 Baths 7060771 MLS 2,157 SqFt.
Prepare to be swept away with this beautifully updated one of a kind home, located in an established neighborhood with no HOA, where timeless design meets modern comfort. This exceptional 3-bedroom, 3-bath home offers over 2,100 square feet of thoughtfully designed living space, blending sophisticated finishes with an open, inviting floor plan perfect for everyday living and entertaining. One of the home's most distinctive features is its private front courtyard, where a sparkling pool creates a resort-inspired entrance unlike anything you'll find in a typical neighborhood setting. This unique outdoor space offers exceptional privacy while making a memorable first impression. Spend time enjoying a morning swim, hosting friends and family, or unwinding at sunset, the courtyard serves as an extension of the home's living space. From the moment you step inside, you'll appreciate the attention to detail throughout. The gourmet chef's kitchen is the heart of the home, featuring a stunning extended island for gathering, an ample amount of cabinets and beautiful granite countertops, stainless steel appliances and generous prep space for culinary enthusiasts. Vaulted ceilings and skylights fill the home with natural light while the 2-way fireplace creates a warm, welcoming atmosphere. The spacious primary suite is a true retreat, complete with a luxurious ensuite bath featuring a classic clawfoot soaking tub, beautifully tiled oversized walk-in shower, and large walk-in closet, not to mention the private Zen garden just outside your bedroom door, it's your own peaceful escape. Additional highlights include a tankless water heater and EV charging capability in the attached two-car garage. Perfectly situated near the Biltmore, Arcadia, top-rated dining, shopping, entertainment, and convenient freeway access, this home offers the ideal combination of style, comfort, efficiency, and location. Whether you're hosting friends, enjoying quiet evenings by the pool, or exploring one of Phoenix's centrally located neighborhoods, this home delivers an exceptional lifestyle that's ready to enjoy.

3037 E Clarendon Avenue, Phoenix

$799,000
4 Beds 4 Baths 7060727 MLS 2,360 SqFt.
Rarely does a property come along that offers the perfect combination of space, privacy, modern upgrades, and the unique lifestyle that Sunburst Farms is known for. Nestled on nearly ¾ of an acre, this beautifully remodeled tri-level home provides the opportunity to enjoy peaceful country living while remaining just minutes from everything the city has to offer. With 2,360 square feet of living space, this exceptional property is ideal for families, hobby farmers, outdoor enthusiasts, entrepreneurs, or anyone seeking room to live, grow, and create. Completely renovated in 2020, this move-in-ready home combines timeless charm with thoughtful modern updates. From the moment you walk through the door, you'll appreciate the spacious and inviting layout designed for both comfortable daily living and effortless entertaining. The open floor plan creates a welcoming atmosphere, allowing family and friends to gather while still providing distinct living spaces that offer privacy and flexibility. The home's generous living areas are filled with natural light and provide endless possibilities for customization to fit your lifestyle. Whether you're hosting holiday celebrations, enjoying quiet evenings at home, or working remotely, you'll find that every space has been thoughtfully designed for comfort and functionality. One of the standout features of the home is the finished basement, a rare and highly desirable addition in Arizona. This versatile space remains naturally cool during the summer months and can serve as a family room, game room, home office, gym, theater room, guest retreat, or combination of all the above. The flexibility of this additional square footage allows homeowners to adapt the home to their evolving needs for years to come. Beyond the beautiful interior, this property offers significant infrastructure improvements that provide peace of mind and long-term value. The home features a new roof and an upgraded 400-amp electrical panel, making it well-equipped for modern living and future projects. Whether you're considering a workshop, RV hookups, additional living quarters, a home business, or expanded recreational amenities, the upgraded electrical service provides a strong foundation for future growth. Stepping outside, you'll quickly understand what makes this property so special. The nearly ¾-acre lot provides a rare level of usability and freedom that is increasingly difficult to find in today's market. The grounds are fully irrigated, making maintenance simple while supporting healthy landscaping, gardening, and agricultural use. Mature edible fruit trees add beauty to the property while providing seasonal harvests that can be enjoyed by family and guests. The outdoor space offers endless opportunities to create your own personal retreat. Whether you dream of maintaining a flourishing garden, raising chickens, keeping horses, building a workshop, parking recreational vehicles, or creating the ultimate outdoor entertainment area, there is room to bring your vision to life. The property's flexibility is one of its greatest assets, allowing homeowners to enjoy both practical functionality and recreational enjoyment. Adding even more value are the two spacious storage sheds, providing ample room for tools, equipment, landscaping supplies, hobbies, and seasonal storage. These structures help maximize organization while preserving the beauty and utility of the property. Sunburst Farms has long been recognized as one of the Valley's most unique and desirable communities. Known for its large, irrigated lots, horse-friendly lifestyle, mature landscaping, and strong sense of community, the neighborhood offers a refreshing alternative to traditional subdivision living. Residents enjoy wide open spaces and a rural atmosphere while remaining close to shopping, dining, entertainment, healthcare facilities, top-rated schools, and major transportation routes. Living in Sunburst Farms means enjoying the best of both worlds. Imagine starting your morning surrounded by mature trees and open space, spending the afternoon working in your garden or enjoying outdoor activities, and still being only minutes away from restaurants, grocery stores, parks, and city amenities. It is a lifestyle that combines freedom, convenience, and tranquility in a way few communities can offer. Properties with this combination of extensive upgrades, substantial acreage, irrigated land, mature fruit trees, flexible indoor living spaces, and valuable infrastructure enhancements are becoming increasingly rare. Whether you're seeking a forever home, a multigenerational property, or simply a place where you can enjoy more room and fewer restrictions, this exceptional residence delivers a lifestyle that is difficult to replicate. Don't miss this rare opportunity to own a beautifully updated home in one of the Valley's most sought-after rural communities. Welcome home to Sunburst Farms--where space, freedom, and possibility await.

4201 W Waltann Lane, Phoenix

$5,950,000
6 Beds 8 Baths 7060684 MLS 6,169 SqFt.
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

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