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$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
$918,000
6 Beds ⋅ 50 Baths ⋅ 7060645 MLS ⋅ 85022 Zip Code
These 2 NEW BUILD single family homes or on 1 lot. 1 APN number, same financing as a duplex. Come and see these amazing 3 BR 2.5 bath single family homes. 20 Foot Ceilings, Luxury flooring, modern kitchen and so much more. Backyards over 1000 SF. Garage for 2 cars plus driveway for more. Balcony on front and back makes these contemporary homes and amazing purchase, especially for a first time investor! No HOA! so much more to see.

2051 E Michigan Avenue E Unit 1, Phoenix
$2,295,000
6 Beds ⋅ 6 Baths ⋅ 7056496 MLS ⋅ 7,282 SqFt. ⋅ 85085 Zip Code
This 2.5-acre, resort-style home is adjacent to the Phoenix Sonoran Desert Preserve and Cove Buttes Recreation Area. Experience both mountain and twinkling city lights as you sit under the covered patio or at the fire pit. Take in the ever-changing sunsets and glimpse weekly hot air balloons as they quietly float over the property. There is a huge loft for an adult game area with an en-suite bedroom and a basement for the kiddos with a bedroom, bathroom, bonus room, and a walkout patio. The main level has 3 bedrooms with their own balcony or patio. There is a short flight of stairs to the primary bedroom off the main level. Two of the bedrooms have their own en-suite bathroom. The backyard is a show stopper with a heated pool and waterfall, fire pit, putting green, outdoor BBQ with countertop seating, and fireplace. Up a short flight of stairs to the primary with sprawling space and an indoor sauna. A two-car garage with an EV charger and a separate single-car garage off the lower walk-out basement that currently showcases a kid's room with an air-hockey table, ping pong table, foosball, and a basketball throwing game. Thirty-six miles of trails begin less than an acre away, to bike or hike. Take in all the native cactus, plants, wildlife, and beautiful views. Easy access to the 101, 17, and 51 highways.

26040 N 5th Street N, Phoenix
$1,750,000
6 Beds ⋅ 6 Baths ⋅ 7051727 MLS ⋅ 4,355 SqFt. ⋅ 85022 Zip Code
This custom 6 BD w/ Casita | 5.5 BA home a true new-construction gem completely reimagined from a partial shell, with expanded square footage and thoughtful design throughout. Every element has been thoughtfully considered, from the custom finishes and architectural details to the seamless connection between indoor and outdoor living. Walls of glass fill the interiors with natural light and open to resort-style grounds featuring a Baja deck pool, illuminated water features, rooftop deck, gazebo, and multiple outdoor living spaces. At the heart of the home, the custom kitchen pairs sophisticated design with effortless functionality, complemented by beautifully appointed living spaces and five bedrooms in the main residence. The primary suite serves as a private retreat with custom closets, a steam shower, soaking tub with custom water overhead ceiling water fixtures, and an outdoor shower! No detail was spared! A detached casita offers a fully equipped private living environment with its own kitchen, bedroom, bathroom, and laundry perfect for multi-generational living. A truly exceptional residence where thoughtful design, elevated craftsmanship, and effortless livability come together to create a home unlike any other. This is one of a kind. Come take a look today, you will fall in love!

1955 E Greenway Road, Phoenix
$1,350,000
6 Beds ⋅ 6 Baths ⋅ 7045194 MLS ⋅ 4,485 SqFt. ⋅ 85310 Zip Code
THE ONLY UNOBSTRUCTED VIEW FROM BACK IN THIS NEIGHBORHOOD W TRUE BACKYARD & GRASS, featuring 6 bed, 5.5 bath & approx 4,485 sq ft of space on a .33-acre lot. The grand foyer opens to a light-filled floor plan w soaring ceilings, Travertine flooring & designer details throughout including Onyx walls & custom iron doors. The gourmet kitchen boasts granite countertops, high-end appliances, multiple ovens, pot filler, expresso machine & breakfast bar. The luxurious primary suite includes a covered balcony w stunning views & a spa-like bath. A finished walk-out basement offers a theatre & storage space and even an attached casita w kitchen and a separate entrance. Resort-style backyard features a newly finished pool with waterfall and nestled for views w lush grass for play & a fire

6132 W Alameda Road, Glendale
$920,000
5 Beds ⋅ 6 Baths ⋅ 7024258 MLS ⋅ 4,011 SqFt. ⋅ 85306 Zip Code
Truly exceptional 2025 residence in the gated Village at Thunderbird, ideally located near major healthcare centers & large employment hubs across the northwest Valley. Light-filled open floorplan w/ soaring 10-ft ceilings downstairs, 9-ft ceilings upstairs, & 3 large dual sliding doors opening to an expansive covered patio. Stunning chef's kitchen features quartz waterfall island w/ seating for 6, gleaming SS appliances, induction cooktop, custom lighting, butler pantry, huge walk-in pantry. Spacious ground-floor guest suite w/ full bath. Luxurious upstairs primary suite, 3 additional ensuite bedrooms, large loft. Energy-efficient high-velocity HVAC delivers superior comfort year-round, while a large private backyard offers endless potential for resort-style pool and custom landscaping. Enjoy relaxing with a cup of coffee in your spacious, inviting front courtyard! Home features a large, convenient upstairs laundry room with high end energy efficient washer and dryer. Very spacious four car tandem garage provides a huge amount of parking and storage space. The downstairs guest suite with full bath offers ideal flexibility for visitors or multigenerational living. The location of this elegant home is especially attractive for healthcare workers, aerospace employees, logistics workers, and professionals commuting to north Phoenix employment corridors because of the strong freeway connectivity nearby. Major medical facilities nearby include Banner Thunderbird Medical Center, Abrazo Arrowhead Campus, and St. Joseph's Westgate Medical Center. Major employers close to this beautiful community are Banner Health, Abrazo Health, Midwestern University, Honeywell Aerospace, USAA, and the new TSMC manufacturing campus. Also very close to endless shopping, dining, and entertainment. Truly an exceptional residence in a gorgeous new gated community.

5844 W Mauna Loa Lane, Glendale
$1,795,000
6 Beds ⋅ 6 Baths ⋅ 7002402 MLS ⋅ 4,652 SqFt. ⋅ 85085 Zip Code
Stunning views in every direction with mountain preserve to the east. Enjoy true main-level living with no stairs, while the lower guest level lives like a second home with 2 bedrooms, 2 baths, full kitchen, laundry, and its own 2-car garage. The main level offers a spacious great room with a magnificent fireplace and multiple patios. The island kitchen is ideal for entertaining with granite counters and knotty alder cabinetry. Property features a 3.5-car garage with workshop and deep bays, private well with two storage tanks, and a level area for horses on 2.33 acres. With two separate entrances to the upstairs and downstairs and their own private garage spaces, this would be ideal for multi-generational living or AirBnB.

619 E Briles Road, Phoenix
$688,000
5 Beds ⋅ 6 Baths ⋅ 6994110 MLS ⋅ 3,863 SqFt. ⋅ 85308 Zip Code
Zero electric bills & ultimate flexibility! This spectacular 5-bed, 5.5-bath basement home features a fully owned solar energy system with near-zero APS bills. Nestled on a premium lot with no rear neighbors, it backs directly to private ASU land for unmatched peace and privacy. The sprawling layout includes a detached casita with a private entrance and full bath--ideal for a home office, guest house, or rental income. Inside, enjoy soaring ceilings, fresh interior/exterior paint (2024), and brand-new luxury vinyl plank flooring. The chef's kitchen is a culinary dream, boasting granite countertops, stainless steel appliances, a breakfast bar, an island, and custom pull-out cabinetry (2024). The fully finished basement is an expansive, cozy subterranean sanctuary. Featuring a massive great room, two private master suites, and a half bath, it is perfect for a home theater, game room, or multi-generational living. Step outside to a newly landscaped backyard (2024) with a covered patio (2024) and security doors (2024). Turn-key peace of mind with major upgrades. Luxury, privacy, and massive financial savings--all in one rare package!

3932 W Salter Drive, Glendale
$2,200,000
4 Beds ⋅ 6 Baths ⋅ 6988552 MLS ⋅ 4,068 SqFt. ⋅ 85085 Zip Code
Built with advanced ICF (Insulated Concrete Form) construction, this custom new build features steel-reinforced concrete walls offering exceptional energy efficiency, durability, and sound insulation--an elevated building method rarely found in traditional homes. Located on over an acre in sought-after Desert Hills with no HOA, this thoughtfully designed single-level home offers an open floor plan with soaring ceilings, expansive windows, and high-end custom finishes. The gourmet kitchen will feature premium appliances, custom cabinetry, designer lighting, and a large island ideal for entertaining. The split primary suite includes a spa-inspired bath with a freestanding tub, oversized shower, and a walk-in closet with direct access to the laundry room with dual washers and dryers. Additional features include a private office, flex/den space, media room with wet bar, mudroom, and 3-car garage. Custom pool and landscaping currently under construction.

1320 E Sagebrush Drive, Phoenix
$1,740,000
12 Beds ⋅ 90 Baths ⋅ 6977241 MLS ⋅ 85022 Zip Code
Investor Special! Newer Build 6-Plex, each unit is individually titled. Every unit has a single detached garage and ample visitor parking. Ownership of your own enclave. The units are 2 bedroom, 1.5 bath, in-suite full size laundry, dedicated backyard, open floor plan and more. Fully leased out, strong and stable cash-flow, remarkable investment property.

2014 E Sweetwater Avenue, Phoenix
$3,700,000
6 Beds ⋅ 8 Baths ⋅ 6943333 MLS ⋅ 8,981 SqFt. ⋅ 85310 Zip Code
Built to inspire. Designed to stand apart. Perched high above the city lights on the hillside of the scenic Thunderbird Conservation Park, this remarkable 1.3-acre gated estate redefines what it means to come home. From the moment you arrive, you're greeted by breathtaking mountain views, timeless architecture, and an undeniable sense of privacy and prestige. Step inside and every inch feels intentional. Grand spaces, designer finishes, and natural light streaming through walls of glass connect you with panoramic views in every direction. When the sun dips below the horizon, the real magic begins. The romantic primary suite becomes your front-row seat to endless Sonoran sunsets, best enjoyed from your private veranda overlooking the serene valley below. Outside, the resort-style backyard rivals any five-star retreat with a sparkling pool, putting green, outdoor kitchen, fire pit, and inviting spaces perfectly designed for unforgettable gatherings with family and friends. If you're up for some adventure, explore over 1,100 acres of nature preserve at your doorstep with miles of hiking trails. With plenty of room to roam and spanning over 8,900 sq ft of inspired living, this estate delivers it all: a chef's dream kitchen, a lower-level living area perfect for guests or multigenerational living, a private theatre, fitness room, separate casita, and not one but two RV garage spaces, with parking for up to 14 cars for the ultimate in flexibility and freedom. This is more than a home, it's a statement. You've arrived. Come experience what elevated Sonoran Desert living truly looks like, and discover what sets this one of a kind home apart from the rest.

23380 N 61st Drive, Glendale
$2,499,900
4 Beds ⋅ 6 Baths ⋅ 6907709 MLS ⋅ 4,240 SqFt. ⋅ 85310 Zip Code
Let us start your dream home process today! This architectural showpiece is ready to build. VIEWS, VIEWS, VIEWS! Thoughtfully integrated into the hillside, this modern desert home embraces clean lines, expansive glass, and multiple outdoor spaces—each framing sweeping panoramic vistas. Offering 4 bedrooms and 5.5 baths, it features a gourmet chef's kitchen, stunning view decks, and a luxurious primary suite that delivers both comfort and drama. The highlight is the negative-edge resort pool that blends seamlessly into the horizon for a truly striking setting. Just minutes from Arrowhead Mall, top dining, and major sporting venues, this home brings together tranquility, style, and total convenience. with convenience. This is an extraordinary opportunity to own a one-of-a-kind luxury home in the desert foothills ready to begin construction now.

6131 W Alameda Road, Glendale

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