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$329,000
2 Beds 1 Baths 7067769 MLS 1,060 SqFt.
This is resort style living at its finest! Perfect lock and leave or year-round residence within steps of the Pointe Resort at the Peak where you'll enjoy dining discounts and access to their amazing amenities, including a waterpark, mini-golf, tennis, and more! Relax at the elevated neighborhood pools with incredible mountain views or explore the hiking trails just outside your door. This corner lot features a large wraparound patio with mountain views. Step inside to find a recently remodeled kitchen complete with white shaker cabinetry, quartz counters, a stylish tile backsplash, breakfast bar, and coffee nook. New LVP flooring upstairs. Recently renovated bathroom featuring a tiled walk-in shower, new vanity and fixtures. Spacious bedrooms. Custom paint. Don't miss this must see!

7640 N Dreamy Draw Drive Unit 3, Phoenix

$650,000
3 Beds 2 Baths 7061824 MLS 1,850 SqFt.
Welcome to this inviting home in the heart of North Central Phoenix. The updated interior features a stylish kitchen with new cabinetry and stainless steel appliances, refreshed bathrooms, and new flooring throughout. The spacious layout includes an oversized laundry room, two-car garage, and a generous 12x8-foot storage room. Outside, enjoy a backyard retreat with a sparkling pool and covered patio, ideal for relaxing or entertaining. The roof was replaced in 2025. The third bedroom is currently configured as a den and could be converted back with minor modifications. The under-roof laundry and storage areas also offer exciting potential for hobby room, workshop, or possible bedroom. Great location-few blocks from to Luci's, easy access to SR-51, walks on the canal & Madison schools

1202 E Northview Avenue, Phoenix

$625,000
6 Beds 6 Baths 7060894 MLS
9.74% Day-One Cap Rate--Exceptional Yield for a Single-Family Investment Absolute NNN Lease Structure--Tenant Reimburses Property Taxes and Insurance Contractual Annual Rent Increases Throughout the Initial Five-Year Lease Term Projected Cap Rate Increases to Approximately 10.43% by Year Five Newly Executed Lease Provides Contractual Rental Income Through December 2030 Tenant's Lease Obligations Are Supported by a Personal Guarantee More Than $40,000 in Recent Renovations and Capital Improvements Predictable Rental Income Backed by Phoenix Residential Real Estate Built-In Income Growth Without Renovation, Repositioning, or Intensive Management Rare Combination of a Double-Digit Forward Cap Rate 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

$410,000
2 Beds 2 Baths 7056028 MLS 1,092 SqFt.
Location, Location, Location! Seize the chance to own this charming 2-bedroom, 2-bath, 2 car garage with convenient elevator access in Monterey Ridge! You'll be delighted by the appealing open layout with high ceilings, abundant natural light, recessed lighting, classic plantation shutters, and a harmonious blend of soft carpeting and tile flooring. The gourmet kitchen comes with quartz counters, crisp white cabinetry, a mosaic tile backsplash, stainless steel appliances, chic pendant lighting, and a two-tier peninsula with a breakfast bar for casual meals. The cozy primary bedroom boasts a private balcony for a breath of fresh air, an ensuite with dual sinks, and a walk-in closet. Refrigerator, washer and dryer convey with sale.

17850 N 68th Street Unit 3072, Phoenix

$595,000
4 Beds 3 Baths 7055827 MLS 2,329 SqFt.
Beautiful 4 bedroom 3 bath on a HUGE lot in a quiet cul-de-sac. Home features 20 ft ceiling and abundance of natural light. Full bath and bedroom downstairs and 3 bedrooms and 2 full baths upstairs. 3 car garage features built-in storage and side RV gate entry and parking for 6 vehicles. Kitchen offers plenty of cabinet storage and beautiful granite countertops. Huge backyard features 2 covered patios and elevated gazebo for entertaining. Large Master suite features sitting room, balcony, dual closets and upgraded shower and dual sink vanity. Updated Dual pane windows make this terrific home much more energy efficient. 2 wood burning fireplaces and all rooms contain ceiling fans. Yard features several mature trees, low maintenance bushes, gorgeous pavers, and fresh gravel. NO HOA.

1932 E Morrow Drive, Phoenix

$363,000
3 Beds 2 Baths 7055783 MLS 1,423 SqFt.
Seller offering up to 3% Seller Concessions!! Beautifully maintained classic red brick home with timeless charm and modern updates! Situated on a desirable north/south exposure lot with no HOA, this move-in ready home features a remodeled kitchen (2014), updated bathrooms (2014), beautiful plank tile flooring, new carpet in all bedrooms (2025/26), new primary bath vanity (2025), new bay window (2026), new HVAC system (2026), and dual-pane windows. Enjoy a fully brick-fenced backyard with a covered patio, mature trees, lush grass, fire pit, orange tree, and custom catio. Rare extended-length one-car garage plus an RV gate and RV parking provide exceptional storage and flexibility. A wonderful blend of classic character, thoughtful updates, and everyday comfort!

4201 W Tuckey Lane, Phoenix

$470,000
3 Beds 3 Baths 7050826 MLS 2,028 SqFt.
Welcome to this beautifully updated end-unit townhome in the heart of Phoenix! This move-in ready home features 3 bedrooms, 2.5 bathrooms, an attached 2-car garage, plus all-new interior paint and carpet. The spacious primary suite offers a large walk-in closet and plenty of room to unwind. Located just 1 mile from the Biltmore, you'll enjoy easy access to premier shopping, restaurants, golf, and entertainment. With just 8 units in the community, this is the only home with its own private entrance, offering added privacy and a true single-home feel. Ample guest parking is conveniently located directly in front of the unit. The HOA covers roof and all exterior maintenance, making this an ideal low-maintenance home for a first-time buyer, investor, or anyone looking for a second home!

4140 N 21st Street Unit 6, Phoenix

$122,500
2 Beds 1 Baths 7039413 MLS 924 SqFt.
Investor Special! This townhouse offers a fantastic value-add opportunity for investors, cash buyers, or anyone looking to customize a home and build equity. While the property requires repairs and updating, it features a functional floor plan. Enjoy a private courtyard with access to your own washer and dryer. The first level features a kitchen with a walk-in pantry that overlooks the living area, creating an open and connected living space. Upstairs, you'll find two bedrooms and one full bathroom. Both bedrooms offer pleasant park views. Conveniently located near I-17 and US-60, providing easy access to Downtown Phoenix, major employers, shopping, dining, and entertainment. Don't miss this opportunity to renovate and unlock the property's full potential.

3346 W Las Palmaritas Drive, Phoenix

$299,500
3 Beds 1 Baths 7034655 MLS 999 SqFt.
PRIME CENTRAL PHOENIX OPPORTUNITY! This updated home sits on a generously sized lot and offers the perfect blend of modern upgrades and future potential. Step inside to tile flooring, fresh interior paint, abundant natural light, and new ceiling fans throughout. Kitchen includes modern countertops, SS appliances, and classic white cabinetry. Remodeled bathroom features a custom tiled walk-in shower, modern vanity, and contemporary finishes. Outside, the spacious backyard provides a blank slate with endless potential for an ADU, future improvements, entertaining, or RV parking. Ideally located just minutes from Downtown Phoenix, Sky Harbor Airport, Banner Medical, Phoenix Children's Hospital, major freeways, restaurants, parks, and local hotspots!

1904 E Harvard Street, Phoenix

$825,000
3 Beds 2 Baths 7025743 MLS 2,359 SqFt.
Beautiful light & bright townhouse in the highly desirable Arcadia area! This spacious 3-bed 2-bath end unit offers extra privacy and is perfectly situated next to a lush green grass area. The home has been freshly painted throughout, including professionally refinished cabinets for a clean, modern look. Additional updates include new carpet, interior doors, hinges, and door knobs. White plantation shutters throughout help keep the home cool while adding timeless style and charm. Ideally located with easy access to the airport, Scottsdale, and Central Phoenix, this home combines convenience with comfort. The A/C unit is only 2 years old, offering energy efficiency. Enjoy a spacious backyard perfect for entertaining while the resort-style community pool and recreation are just steps away. Master bedroom and Living room doors have upgraded mechanical shutters for security and keeps the home energy efficient.

4303 E Fairmount Avenue, Phoenix

$460,000
3 Beds 2 Baths 7017894 MLS 1,822 SqFt.
Fantastic home with OWNED solar and solar HEATED SALT water pool! Offering 3 beds, 2 baths, 2-car garage, 2 carport spaces, RV gate & parking. The interior showcases plantation shutters throughout, vaulted ceilings, a neutral palette, and wood-look flooring throughout. Functional floor plan showcasing a seamlessly flowing living & dining room, alongside a separate family room with sliding doors to the back. The impressive kitchen boasts LG SS appliances, granite counters, ample wood cabinets, travertine backsplash, a pantry, and a peninsula w/breakfast bar. The double-door main bedroom has outdoor access, a walk-in closet, & a private bathroom. Enjoy the spacious backyard oasis with a covered patio, Gazebo, storage shed, and a fenced pool! Newer HVAC Swamp Cooler and Solar Water Heater!

13019 N 36th Drive, Phoenix

$396,025
2 Beds 2 Baths 7012403 MLS 1,315 SqFt.
Toll Brothers new luxury condo available for immediate move-in. Resort-style amenities including a community center, fitness studio, pool, outdoor BBQs, firepit, outdoor gathering areas, and dog park. Single level home! A charming foyer welcomes you into the expansive great room and casual dining area that overlooks an expertly designed kitchen, complemented by wraparound counter and cabinet space, a large breakfast bar, and a roomy pantry. Secluded off the great room, the graceful primary bedroom suite is defined by a generous walk-in closet and a tranquil primary bath that features dual vanities, a deluxe shower, private water closet, and ample linen storage. A spacious secondary bedroom features a sizable closet as well as a shared hall bath. space, and one shares a hall bath, while the other has a private bath. Additional highlights of the Residence Four include easily accessible laundry, convenient everyday entry, and ample storage throughout.

2121 W Sonoran Desert Drive Unit 67, Phoenix

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