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$399,000
4 Beds ⋅ 2 Baths ⋅ 7061156 MLS ⋅ 1,668 SqFt.
Welcome to this charming 4-bed, 2-bath home in Phoenix! A low-maintenance front yard & a 2-car garage are just the beginning. Inside, you'll find vaulted ceilings, abundant natural light, a neutral palette, and tile & wood-look flooring throughout. Enjoy separate living and family rooms, both seamlessly connected to the kitchen for easy everyday living and entertaining! The kitchen features wood cabinetry, granite counters, stainless steel appliances, and a peninsula w/breakfast bar. The primary suite includes a private bathroom for added comfort. The large backyard has an open patio! With your creative ideas, you can make it a complete outdoor living space. Conveniently located with schools, shopping, dining, parks, hiking trails, and easy access to the I-17. Don't miss this opportunity!

4109 W Aster Drive, Phoenix
$639,000
4 Beds ⋅ 3 Baths ⋅ 7061133 MLS ⋅ 2,295 SqFt.
Hot off the Press, just in time for the Cooler Months and School starting. Take Advantage of this RARE OPPORTUNITY in THE LANDINGS w/ Community Center access and NO SOCIAL FEES. Home has been Recently updated with Fresh Interior Paint, Fixtures, Knobs, Ceiling Fans and Showerheads throughout. Luxurious Lifestyle in the Exclusive GATED Community of Anthem, Offering Both Privacy & Peace of Mind with 2,295 Sq Ft of Stylish and Comfortable Living with Upscale Touches and Incredible Mountain Views. This Meticulously Maintained Home features a SPLIT 1 Bedroom - Bath and Single Car Garage on the OTHER SIDE of the Home from the other 3 Bedroom - 2 Bath - 2 Car Garage.... Allowing Ease for a Workshop, Office Area, or Guest Corridor En Suite Possibilities. Whether You're Looking for a Lock and Leave Seasonal Living, Family Vacation Home, Potential Rental Investment or Full-Time Residence, this Single-Story Home has Just what You are Looking for in the Heart of Anthem. Conveniently located close to Hiking Trails, Freeways, A+ Schools, Hospitals, Shopping, Dining and all Your Entertainment Needs!

3423 W Inspiration Drive, Phoenix
$2,575,000
4 Beds ⋅ 5 Baths ⋅ 7061117 MLS ⋅ 3,090 SqFt.
Located in The Sycamore, an exclusive gated community of just 16 homes, this semi-custom modern farmhouse sits on a premium cul-de-sac lot. One of only four single-level homes in the neighborhood, this 4-bedroom, 4.5-bath residence offers over 3,000 sq. ft. of thoughtfully designed living space. Soaring ceilings, wide-plank wood flooring, exposed beams, shiplap accents, and designer finishes create timeless appeal. The chef's kitchen features custom wood cabinetry, stone countertops, and an oversized island. The spacious primary suite includes a spa-like bath and expansive walk-in closet, while each guest suite offers its own ensuite bath and walk-in closet. Enjoy multiple patios, a built-in BBQ, herb garden, 3-car garage, and an exceptional cul-de-sac location.

4408 N 37th Way, Phoenix
$375,000
3 Beds ⋅ 2 Baths ⋅ 7061106 MLS ⋅ 1,477 SqFt.
Discover this lovely single-level home in Phoenix! Featuring 3 beds, 2 baths, 2-car garage, and an RV gate. The interior boasts a neutral palette, abundant natural light, and tile & wood-look flooring throughout. The inviting family room flows seamlessly into the eat-in kitchen, creating an open feel! The kitchen features wood cabinetry, a pantry, and built-in appliances. Sliding glass doors from both the kitchen and formal living room provide easy access to the backyard. Large main suite includes a double-door entry and a private bathroom. The spacious backyard offers a covered patio, perfect for relaxing or entertaining. Both the front and backyards offer a blank canvas ready for your custom landscaping. Near major freeways, shopping, dining, parks, and more. Don't miss this opportunity!

4447 N 77th Drive, Phoenix
$274,900
2 Beds ⋅ 1 Baths ⋅ 7061105 MLS ⋅ 1,130 SqFt.
Opportunity awaits! This property offers incredible potential for investors, flippers, or buyers looking to create their dream home. Originally a 3-bedroom, 2-bathroom home, it is currently configured with 2 functional bedrooms and 1 functional bathroom. A previous remodel included the installation of a newer A/C unit, providing a solid starting point for the next owner. With the right vision and improvements, this home can shine once again. Conveniently located and priced with its current condition in mind, this is a chance to add value and build equity.

1845 W Chipman Road, Phoenix
$732,494
3 Beds ⋅ 3 Baths ⋅ 7061099 MLS ⋅ 2,886 SqFt.
Beautiful brand-new home in a gated 60-home community at the base of South Mountain! This two-story features 10' ceilings on the first floor and 9' ceilings upstairs, along with 8' interior doors and abundant windows that create a bright, airy feel throughout. Enjoy seamless indoor-outdoor living with an impressive 16' sliding glass door-perfect for entertaining. The upgraded kitchen showcases stacked upper cabinets, quartz countertops, a stylish tiled backsplash, built-in GE gas appliances, and durable LVP flooring throughout the main living areas. The spacious primary suite offers an extra-large walk-in closet and an oversized tiled shower for a spa-like retreat. Designed with energy efficiency in mind, spray foam insulation ensures year-round comfort and saving

3723 E Fawn Drive, Phoenix
$630,000
3 Beds ⋅ 3 Baths ⋅ 7061094 MLS ⋅ 2,500 SqFt.
Welcome to this beautifully appointed South Mountain retreat in the desirable Pointe South Mountain community. This spacious residence offers the perfect blend of comfort, character, and Arizona living with an inviting layout and thoughtful upgrades throughout. Enjoy hardwood flooring, custom cherry cabinetry, granite countertops, and a stunning two-way fireplace that creates a warm focal point for entertaining. The primary suite features a luxurious travertine shower, while additional highlights include an Arizona room, balconies, surround sound, soft water system, reverse osmosis, and a spacious 3-car garage. Located near South Mountain trails, golf, shopping, dining, and major Phoenix destinations, this home offers the ideal combination of space, upgrades, and lifestyle.

4713 E Monte Way, Phoenix
$210,000
1 Beds ⋅ 1 Baths ⋅ 7061092 MLS ⋅ 675 SqFt.
Very clean and well maintained condo. This spacious ground level unit with a nicely upgraded kitchen, tiled floors, open floorplan, private patio and more. You will be impressed with some great recent upgrades. ie: The Water heater was replaced in 2025, kitchen appliances replaced in 2026, washer/dryer replaced in 2025, electric panel upgraded in 2025. The location near 48th and Elliot is amazing! Easy freeway access, minutes from restaurants, shoppping, hiking, golf and so much more. This gated community has a nice pool and spa very close to the unit. This affordable home offers an amazing lifestyle and a great opportunity to own a home in a great location, location, location. Hurry up and take a look!

10610 S 48th Street Unit 1099, Phoenix
$340,000
2 Beds ⋅ 2 Baths ⋅ 7061068 MLS ⋅ 1,152 SqFt.
Welcome to 823 W Lydia Ln, a charming single-story home in Phoenix's South Mountain area. This inviting 2-bedroom, 2-bath residence offers 1,152 sq ft of comfortable living space with open and functional floor plan. The spacious primary suite includes private bath, while the additional bedroom offers flexibility for guests, an office, or other needs. Enjoy the Arizona lifestyle in the private backyard with a covered patio. Don't miss the opportunity to make this home your own.

823 W Lydia Lane, Phoenix
$1,625,000
4 Beds ⋅ 6 Baths ⋅ 7061061 MLS ⋅ 3,450 SqFt.
Presenting the first showcase residence in an exclusive five-home luxury cul-de-sac enclave in Desert Hills, where exceptional craftsmanship and modern design come together. Newly finished and move-in ready, this stunning single-level residence offers approximately 3,450 square feet of impeccably finished living space on a fully improved one-acre homesite, highlighted by a fully integrated 50ft RV garage designed to accommodate a luxury Class A motorcoach, an expansive 4- to 5-car garage, premium finishes, and quality construction throughout. As the first home offered within this exclusive five-home enclave, this is an exceptional opportunity to own a home in one of Desert Hills' newest custom luxury enclaves. The professionally landscaped front yard features an elegant paver driveway and walkways, premium artificial turf, and a circular gravel drive that enhances the home's curb appeal while providing convenient guest parking. Inside, the spacious open-concept design seamlessly connects the great room, kitchen, and dining areas, creating an inviting setting for both everyday living and effortless entertaining. The home features a private primary retreat, three private guest suites, each with its own full bathroom, a dedicated office/flex room, and two powder rooms, including one with direct access from the covered patio--ideal for future outdoor entertaining and poolside guests. Designed with both everyday living and entertaining in mind, the floor plan provides exceptional privacy for family and guests, while elevated ceilings, oversized 8-foot interior doors, designer lighting, and premium finishes create a sophisticated yet welcoming atmosphere throughout. A defining feature of this home is its exceptional garage and RV accommodations. The expansive attached garage comfortably accommodates 4 to 5 vehicles with extra-wide and extra-deep bays, making it ideal for collector vehicles, a workshop, recreational boats, or additional recreational vehicles. Complementing the attached garage is a fully integrated 50ft RV garage, purpose-built to accommodate a luxury Class A motorcoach, trailers, off-road vehicles, or virtually any combination of recreational equipment. Built for lasting quality and energy efficiency, this custom home features 2x6 full-shear wall construction, spray foam insulation, energy-efficient dual-pane windows, and carefully selected high-end finishes, delivering superior comfort, durability, and long-term performance. The backyard is fully enclosed with a block perimeter wall and a convenient RV gate, providing privacy, security, and ample space to create an exceptional outdoor living environment. Whether you envision a custom pool, spa, outdoor kitchen, expansive patio, or professionally designed desert landscaping, the possibilities are yours to define. The builder also offers optional pool and professionally designed landscape packages, allowing buyers to create a personalized resort-style retreat while potentially incorporating those improvements into their overall purchase and financing. Love the location but envision a different floor plan or personalized design? Four additional one-acre homesites remain available within this private luxury enclave, offering buyers the flexibility to choose from professionally designed, already-permitted home plans, modify those plans to suit their lifestyle, or work directly with the builder to create a fully custom residence from the ground up. Enjoy the same exceptional setting, craftsmanship, and architectural standards while creating a home uniquely tailored to your vision. Whether you're ready to move in today or inspired to create a home uniquely your own, this exclusive five-home enclave offers a level of flexibility, craftsmanship, and lifestyle seldom found in today's market. Tour the first showcase residence, or collaborate with the builder to create a custom home tailored to your vision and become part of one of Desert Hills' newest custom luxury enclaves.

1483 W Paso Nuevo Drive, Phoenix
$681,233
3 Beds ⋅ 3 Baths ⋅ 7061056 MLS ⋅ 1,901 SqFt.
Stunning new construction home in an exclusive 60-lot gated community at the base of South Mountain! This single-level home features 10' ceilings and 8' interior doors, creating a bright, open feel throughout. Enjoy seamless indoor-outdoor living with a dramatic 16' sliding wall of glass, perfect for entertaining or watching the beautiful AZ sunsets. The upgraded kitchen showcases 42'' upper cabinets, quartz countertops, built-in GE gas appliances and upgraded flooring throughout. The spacious primary suite offers an oversized shower for a spa-like retreat, large walk in closet and double sink vanity. Always built with energy efficiency in mind we use spray foam insulation for comfort & savings.

3727 E Fawn Drive, Phoenix
$334,900
2 Beds ⋅ 1 Baths ⋅ 7061052 MLS ⋅ 864 SqFt.
WOW! This home has recently been remodeled by a licensed contractor. The home features fresh paint, new flooring, and updated fixtures throughout. Walk in to a spacious living room filled with natural light. The kitchen has been completely redone with new white cabinets, quartz counter tops, stainless steel appliances, and new hardware. All bedrooms boast new vinyl, fresh paint, and new light fixtures. The bathroom has been updated with a new vanity, counter top, and tiled shower. Enjoy the covered patio and easy maintenance yard! No HOA!

1491 W Mohawk Lane, Phoenix
$160,000
7061047 MLS
Come check out this incredible hillside lot with unobstructed mountain views in the heart of Desert Hills. This is the perfect property for a dream custom home. This lot includes an ownership share to a brand new well, a brand new road, & APS power directly to the lot. The adjacent acreage to the north currently has two multi million dollar custom homes under construction guaranteeing the incredible value of the property. This is the last available lot on this incredible private street with several custom homes under construction nearby.

Lot 5 N 7th Street Unit 5, Phoenix
$170,000
2 Beds ⋅ 2 Baths ⋅ 7061032 MLS ⋅ 1,088 SqFt.
Located in a gated community just minutes from Grand Canyon University, this home offers a functional floor plan, a covered patio, and a private storage shed. Conveniently located near shopping, dining, and freeway access, it's priced with room for your personal updates and finishing touches. AC replaced in 2024 Buyer to verify all facts, figures, and information material to their purchase.

4701 N 26th Lane, Phoenix
$219,999
2 Beds ⋅ 2 Baths ⋅ 7061016 MLS ⋅ 1,247 SqFt.
Fantastic 2 bedroom, 2 bathroom townhome in the gated Village at West Meadow Townhomes. You will be pleasantly surprised by this unique split bedroom layout, with one bedroom downstairs and the second upstairs. Each bedroom has its own private bathroom, creating comfort and privacy for everyone. The home features abundant natural light, a designer color palette, tile and carpet in all the right places, plus a spacious living room with a fireplace and vaulted ceiling. The large eat in kitchen offers stainless steel appliances, granite countertops, chocolate stained cabinetry, track lighting and a breakfast bar. Enjoy relaxing on the balcony or covered patio. An assigned parking space is also included. This home offers a layout you truly have to see in person.

4545 N 67th Avenue Unit 1415, Phoenix
$349,900
3 Beds ⋅ 2 Baths ⋅ 7061007 MLS ⋅ 1,124 SqFt.
This exceptional 3-bedroom, 2-bathroom ranch-style home is in pristine, move-in ready condition, offering effortless single-story living combined with unique parking versatility featuring both a 1-car garage and a 1-car carport. At the heart of the home, the kitchen comes fully outfitted with a sleek suite of stainless steel appliances, providing a clean, high-performing hub for all your daily culinary needs. Designed with comfort in mind, the private sleeping quarters feature plush carpeting in the bedrooms to ensure warmth, noise reduction, and cozy relaxation underfoot. Spotlessly prepared and meticulously maintained from top to bottom, this turnkey residence is completely ready for a stress-free transition into a comfortable and relaxed lifestyle.

2818 W Echo Lane W, Phoenix
$279,000
2 Beds ⋅ 1 Baths ⋅ 7060997 MLS ⋅ 912 SqFt.
This adorable single story home is located in the 55+ community of Northtown. Home has 2 bedrooms, 1 one bathroom, indoor laundry room, and kitchen with dining area. There is a bonus room that overlooks the covered patio area. Private backyard with large tree for shade and multiple areas to sit and enjoy the outdoors. There is a large storage shed. To be sold in its present physical condition.

2354 E Betty Elyse Lane, Phoenix
$970,000
5 Beds ⋅ 4 Baths ⋅ 7060989 MLS ⋅ 1,937 SqFt.
Welcome to luxury living in the coveted Arcadia Lite neighborhood! Situated on a premium corner lot with STUNNING mountain views, this fully remodeled home boasts exceptional high-end finishes throughout. The spacious 1,937 sq ft main house features 4 bedrooms, 3 bathrooms, a cozy fireplace, and a custom chef's kitchen designed for effortless entertaining. Rare for the area, both the living room and primary suite showcase dramatic vaulted ceilings. Step outside to your private oasis featuring a refreshing pool and a 600 sq ft, 1-bed/1-bath guest casita complete with a full kitchen--ideal for visitors or potential rental income. Complete with a 1-car garage, this rare gem truly has it all!

5302 E Yale Street, Phoenix
$410,000
6 Beds ⋅ 4 Baths ⋅ 7060986 MLS ⋅ 1,770 SqFt.
Home, sweet home! This fully remodeled property welcomes you Inside to a cozy home perfect for relaxing evenings with loved ones. Private bathroom for added comfort. You'll also find a versatile bonus room completed for guests or extraa family space. Don't miss it!

2714 N 40th Avenue, Phoenix
$359,000
3 Beds ⋅ 2 Baths ⋅ 7060985 MLS ⋅ 1,532 SqFt.
You will fall in love with this fully remodeled corner lot home in the west valley. Upgraded from ceiling to floor. Newer Roof, Newer AC, All new Dual Pane Low E Windows throughout. There is also new flooring, paint, QUARTZ countertops, light fixtures, white cabinets... you name it. Neutral color paint that goes with any color furniture. Immaculately clean from ceiling to floor and move-in ready today. All it needs is your furniture. Spacious living room. A kitchen with quartz counters, stainless steel appliances, tile backsplash, recessed lighting, and contemporary cabinets. There is nothing but things to love in this gem. You'll love the extended 2 car garage!!

6649 W Cambridge Avenue, Phoenix
$589,777
4 Beds ⋅ 2 Baths ⋅ 7060977 MLS ⋅ 1,596 SqFt.
Beautiful newer 4-bedroom home situated in the highly desirable, gated Acacia Place community! This home is packed with quality upgrades and features a stunning, low-maintenance backyard with premium synthetic grass, Quartz countertops, Cabinets in garage,watersoftener,many other upgrades! Enjoy an unbeatable prime location close to dining, shopping, and major freeway access. Bonus: Offers an assumable mortgage at a rare 3.75%.

2764 E Sequoia Drive, Phoenix
$1,270,000
4 Beds ⋅ 4 Baths ⋅ 7060970 MLS ⋅ 3,063 SqFt.
An exceptional opportunity in a private, gated community, set on a premium oversized north/south-facing homesite with breathtaking mountain views and bordering the community orchard. The Morrison is a single-level home spanning 3,063 sq. ft. and offers 4 bedrooms, 4 bathrooms, plus a dedicated home office -- available with 2 primary suites or attached gen suite featuring a private entrance, its own backyard access, and dedicated garage -- ideal for multigenerational living or guest privacy. To be built; photos shown represent the professionally designed model home and available finishes. Don't miss this rare chance to customize a luxury residence on one of the community's most desirable lots.

8425 S 10th Lane Unit 1, Phoenix
$950,000
4 Beds ⋅ 16 Baths ⋅ 7060954 MLS
Two stand alone duplexes, 4 large spacious units in total. LOTS of parking with additional guest parking available too. Tenants in place for several years. Prime central phx location close to everything. Units updated in 2019. Tenants in place, drive by only.

1405 E Roosevelt Street, Phoenix
$450,000
3 Beds ⋅ 3 Baths ⋅ 7060952 MLS ⋅ 1,742 SqFt.
Opportunity is knocking in one of Phoenix's best neighborhoods! This 3-bed, 3-bath charmer near Dreamy Draw sits on a low-maintenance lot with mountain views that'll never get old. At a bit over 1,700 SqFt with a smart split floor plan -- including a guest bedroom with its own ensuite -- the bones are solid and the canvas is ready. Whether you're a DIY enthusiast, investor, or just someone who loves a good project, this one has serious potential. No HOA, a brand new roof, 2-car garage, and quick access to the 51 freeway, Dreamy Draw trails, and the Biltmore Shopping Center make the location hard to beat. Classic Phoenix character with room to make it entirely your own. Come take a look -- you might just fall in love.

8044 N 15th Street, Phoenix
$425,000
3 Beds ⋅ 2 Baths ⋅ 7060942 MLS ⋅ 1,256 SqFt.
Tastefully remodeled 3-bed, 2-bath home in desirable North Phoenix (Sunnyslope/North Mountain). This move-in-ready 1,256 sq ft residence (built 1951) sits on a 6,867 sq ft lot with no HOA. Features include a low-care front yard, covered porch, covered parking, fresh two-tone paint, recessed lighting, wood-look tile flooring, ceiling fans, and abundant natural light. Updated kitchen with white shaker cabinetry, quartz counters, tile backsplash, and stainless-steel appliances. Spacious formal living room, primary suite with updated bath, and interior laundry with cabinetry. Large backyard with covered patio. Listing agent is related to the seller.

523 E Butler Drive, Phoenix
$164,995
2 Beds ⋅ 1 Baths ⋅ 7060941 MLS ⋅ 924 SqFt.
Seize the chance to own this charming 2-bedroom townhome in Hallcraft Villas! Inside, you'll find an inviting living room with a soothing palette, blinds, and stylish wood-look flooring. The well-appointed kitchen comes with granite counters, white shaker cabinetry, sleek stainless steel appliances, a walk-in pantry, and a serving window with a breakfast bar for quick meals. Both bedrooms are cozy and well-sized, offering soft carpeting and a private retreat for a good night's sleep. Freshly painted inside and out. The Community boasts lush green spaces, a basketball court, well-maintained common areas, and a convenient location close to bus stops, Alhambra High School, restaurants, and shopping. Make it yours today!

4017 W Reade Avenue, Phoenix
$179,000
1 Beds ⋅ 1 Baths ⋅ 7060925 MLS ⋅ 643 SqFt.
Wake up to mountain views and enjoy easy living in this well located gated Phoenix community. This 1 bedroom, 1 bathroom condo features an inviting open floor plan, generous primary bedroom with a walk in closet, and a private balcony perfect for taking in the Arizona scenery. Covered parking is included, while the community offers a pool and spa, fitness center, clubhouse, BBQ areas, and exclusive gated access to Papago Park trails. With Sky Harbor Airport, Old Town Scottsdale, Tempe, ASU, and Downtown Phoenix all just minutes away, the location makes getting around the Valley effortless. A great option for a full time residence, lock and leave getaway, or investment property.

5302 E Van Buren Street Unit 3045, Phoenix
$125,000
1 Beds ⋅ 1 Baths ⋅ 7060916 MLS ⋅ 727 SqFt.
Discover this tastefully updated 1-bed, 1-bath unit in La Fuente Condominiums! The interior boasts a neutral palette, abundant natural light, and tile & wood-look flooring in all the right places. The open-concept floor plan seamlessly connects the living and dining areas! The kitchen features light gray shaker cabinetry, stainless steel appliances, track lighting, and a 2-tier peninsula w/breakfast bar. The perfectly sized bedroom includes a triple-wide closet and access to the full bathroom for added comfort. Sliding glass doors open to a private balcony! Other highlights include an in-unit washer, assigned parking, and a gated community with a pool & community laundry room. Excellent location, just moments away from the bus routes, light rail, shopping, dining, and more! Move-in ready!

1701 W Tuckey Lane Unit 236, Phoenix
$499,900
3 Beds ⋅ 2 Baths ⋅ 7060902 MLS ⋅ 1,297 SqFt.
Welcome to this beautifully maintained 3-bedroom, 2-bath home in Ahwatukee! Featuring a stunning Pebble-Tec pool, this property is designed for the best of Arizona living with an expansive covered patio that spans the full length of the home, perfect for entertaining, relaxing, and enjoying the outdoors year-round. Inside, you'll find a beautifully updated kitchen featuring a freestanding gas range, ample cabinet space, and an inviting layout that flows seamlessly into the living areas. The 2-car garage and oversized side gate provide plenty of room for vehicles, toys, or additional storage. Best of all, there's NO HOA! Ideally located just minutes from scenic hiking trailheads, shopping, dining, and Sky Harbor International Airport.

4819 E Western Star Boulevard, Phoenix
$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

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.