Phoenix Homes with Free Parking Features

Phoenix Homes with Free Parking Features

Welcome to Phoenix, Arizona, where the sun shines brightly over a vibrant city teeming with life, culture, and opportunity! Nestled in the heart of Maricopa County, Phoenix is renowned for its stunning desert landscapes, year-round warm weather, and a rich tapestry of arts, entertainment, and outdoor activities. Whether you’re a nature enthusiast eager to explore the nearby mountains and hiking trails, or a foodie looking to indulge in the diverse culinary scene, Phoenix has something for everyone.

One of the standout features of homes in this bustling city is the availability of free parking. In a rapidly growing urban environment, having a home with dedicated parking can be a significant advantage. Imagine the convenience of coming home to a space where you never have to worry about finding a parking spot or incurring additional costs. Many properties in Phoenix offer this valuable feature, making it an ideal choice for families, professionals, and anyone who enjoys the freedom of having their own vehicle.

From charming single-family homes to modern condos, the Phoenix real estate market caters to a variety of tastes and budgets, all while ensuring that you have the luxury of free parking. With a thriving job market, excellent schools, and a strong sense of community, it’s no wonder that so many are choosing to call Phoenix home. Discover your perfect oasis in this dynamic city and enjoy the ease and comfort that comes with free parking at your doorstep!

Newest Phoenix Homes with Free Parking Features

$1,625,000
10 Beds 8 Baths 7061722 MLS 85020 Zip Code
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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