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Deer Valley, AZ 6+ Bedroom Homes for Sale

Deer Valley, AZ 6+ Bedroom Homes for Sale

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Deer Valley, AZ 6+ Bedroom Homes for Sale

$695,000
6 Beds 6 Baths 7060894 MLS 85022 Zip Code
* **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

$1,750,000
7 Beds 5 Baths 7056254 MLS 4,554 SqFt. 85022 Zip Code
Don't ever let anyone tell you that unicorns don't exist! This truly unique property isn't just a home, but an estate. Featuring a main home (5 beds, 3 baths, loft), a detached guest house (bed, bath, and full kitchen), a studio apartment (bed, bath & kitchenette), 2 car & tandem 4 car garages (6 stalls total), 2 RV covered parking, hacienda style outdoor entertaining area w/ swimming pool, spa, grotto, outdoor shower, built-in grill ... even a horse stall for those looking to take advantage of the nearby riding trails! The owners have put SO MUCH work into this property (see list). NO HOA = options galore. Bring your toys, your vehicles, your horses. Guest house currently leased for 2k/month through Sept. Could be multi-generational living as well. Limited only by your imagination! New gates, new water & sewer main lines, upgraded electrical service with 2 new 200 amp panels, guest house remodel, added studio apartment, new sprinkler system, multiple A/C units (including additional select bedroom units to augment central AC), enormous custom kitchen with high end finishes & appliances (Viking, GE Profile, Bosch), master suite with sitting room, electric fireplace, and laundry room), full master bath remodel, new 50 gallon smart water heaters (upstairs & downstairs) and water softener, 2nd laundry room added for guest house and studio apartment use, extra insulation added to main house and guest house, ducts sealed for greater energy efficiency, new NEST thermostats, new ceiling fans, new upstairs flooring in main house ... truly too much to list. This is not an investor's quick flip job, but a labor of love with an eye for painstaking detail from homeowners who intended to live here forever. You won't find anything else like it on the market!

1745 E Friess Drive, Phoenix

$498,776
6 Beds 3 Baths 7046540 MLS 2,450 SqFt. 85053 Zip Code
Remodeled in 2024, this exceptional single level home presents an outstanding investment opportunity with a tenant already in place, generating $3,533 per month in rental income through the existing lease. Offering a detached casita and a bonus room, the flexible floor plan is ideal for long term rental demand while providing exceptional space and functionality. Behind the custom gated entry, the striking modern exterior showcases stacked stone accents, an inviting front courtyard, RV gate, RV parking, and an oversized driveway with plenty of space for vehicles and toys. Inside, the open floor plan is centered around a spacious living room with a beautifully updated fireplace and flows seamlessly into the remodeled kitchen featuring granite countertops, white cabinetry, stainless steel appliances, breakfast bar seating, and an adjoining dining area. Luxury finishes continue throughout the home with updated flooring, remodeled bathrooms, dual pane windows, recessed lighting, and thoughtful upgrades completed in 2024. The split floor plan provides privacy while offering multiple living arrangements. The detached casita is equipped with its own mini split system, creating a comfortable retreat for guests, extended family, or a private workspace. A separate bonus room adds even more versatility to fit your lifestyle. Designed for both comfort and efficiency, the home features two refrigerated air heat pump systems, a tankless natural gas water heater, and ceiling fans throughout. The expansive backyard offers endless possibilities with a large covered patio, built in BBQ area, detached storage building, generous patio space, and plenty of room to customize for entertaining, recreation, gardening, or future additions. Located on a north/south exposure lot, this beautifully updated property combines modern finishes, abundant living space, exceptional flexibility, and outstanding value in a convenient Phoenix location.

3829 W Thunderbird Road, Phoenix

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