Build Your Legacy With Real Estate
Deer Valley, AZ Homes for Sale between $650,000 to $700,000

Deer Valley, AZ Homes for Sale between $650,000 to $700,000

This website features the best Deer Valley, AZ real estate search for homes for sale between $650,000 to $700,000 available. It is the only site you will ever need! It is easy-to-use and updated by the official Realtor®'s database every 15 minutes.

You can save searches, and get daily email alerts of new listings, price changes, sold data, and market reports. Our Interactive Map Search allows you to view properties on a map or refine your search by drawing the boundaries around the area you desire.

Curious about what's happening in the Deer Valley, AZ area? You can view a custom market report to see what's active, under contract, and sold in Deer Valley, AZ!

Considering selling or refinancing your home? Get an INSTANT property valuation now!

Get in Touch if you are curious about Deer Valley, AZ Real Estate for Sale between $650,000 to $700,000!

Deer Valley, AZ Homes for Sale Between $650,000 to $700,000

$675,000
3 Beds 2 Baths 7063818 MLS 2,191 SqFt. 85022 Zip Code
Perfectly situated in the highly desirable Lookout Mountain/Moon Valley area, this charming home offers an unbeatable combination of location, character, and convenience. Enjoy easy access to scenic hiking trails just moments away or take a short stroll to the popular shops and restaurants along 7th Street--all with no HOA. Filled with natural light, the home welcomes you with expansive picture windows that beautifully frame the backyard and create a bright, inviting atmosphere. The open floor plan is enhanced by brand-new tile flooring installed throughout in 2024, offering a fresh, modern look with easy maintenance. At the heart of the home, the thoughtfully designed U-shaped kitchen features Corian countertops, warm honey-toned cabinetry, and a cozy breakfast nook with additional cabinetry and counter space--perfect for morning coffee or casual dining. The spacious living room showcases soaring vaulted ceilings and a gas fireplace, creating a warm and inviting space to gather. The generous primary suite is a peaceful retreat complete with a cedar-lined walk-in closet, dual vanities, and a large walk-in glass block shower. Step outside to enjoy Arizona's beautiful weather from the fully covered west-facing patio, where you'll experience breathtaking sunset views, while the eastern side of the home enjoys the picturesque backdrop of Lookout Mountain. The paver driveway and charming tiled front courtyard add to the home's exceptional curb appeal.

15226 N 10th Street, Phoenix

$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

$685,000
3 Beds 3 Baths 7060315 MLS 2,504 SqFt. 85083 Zip Code
Single-story 2004 home in Preserve at Boulder Mountain on an 8,355 square foot lot, with new Pella windows in 2024 and fresh exterior paint in 2026. Three bedrooms, three bathrooms, 2,504 square feet, and a 2.5-car garage in the 85083 zip code of North Phoenix. The kitchen centers on a granite island with breakfast bar seating, staggered cabinetry, a gas cooktop, a built-in wall oven, and a walk-in pantry. It opens into the family room, and a separate living and dining space at the front works as a formal dining room or sitting area. Tile runs through the main living areas, with carpet in the secondary bedrooms. The primary bedroom and all three bathrooms were updated in 2017, and the primary suite has wood-look plank flooring, a dual-sink vanity, an oversized tiled walk-in shower with dual showerheads and a bench seat, and a pair of walk-in closets. The backyard is all hardscape and desert landscaping, with a full-length covered patio, extended paver seating areas, a raised stone fire pit, and mature palms. The pool was remodeled in 2018 and runs on smart controls through a phone app. Motorized blackout shades cover most of the windows in the house. Preserve at Boulder Mountain sits west of I-17 in the Deer Valley Unified School District, with Terramar Academy of the Arts nearby. Deem Hills Recreation Area is minutes away, with the 5.7-mile Circumference Trail plus a community park with a playground, dog park, and pickleball courts. Thunderbird Park is a straight shot down 67th Avenue for additional hiking trails. Happy Valley Towne Center and The Shops at Norterra are at I-17 for shopping and restaurants.

27310 N 65th Drive, Phoenix

Start Your Search

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.