North Mountain Homes with 1 Space/Unit Parking Features

North Mountain Homes with 1 Space/Unit Parking Features

North Mountain is a charming neighborhood located in Phoenix, Arizona, specifically in Maricopa County. Known for its scenic beauty and serene atmosphere, North Mountain offers a peaceful retreat away from the hustle and bustle of the city.

This area is highly sought after for its stunning natural landscapes, including the majestic North Mountain Park, which provides ample opportunities for outdoor activities such as hiking, biking, and picnicking. Residents of North Mountain can enjoy breathtaking views of the surrounding mountains and enjoy the tranquility that nature has to offer.

When it comes to housing options, North Mountain boasts an array of homes with one space/unit parking features. Whether you are looking for a cozy apartment, a spacious townhouse, or a charming single-family home, you can find a variety of options that cater to your needs. With the convenience of one parking space per unit, residents can easily park their vehicles without the hassle of searching for parking spots.

Living in North Mountain provides residents with easy access to amenities such as shopping centers, restaurants, and entertainment venues. The neighborhood is also well-connected to major highways, making it convenient for commuters to travel to other parts of Phoenix.

If you are looking for a peaceful and picturesque neighborhood with homes featuring one parking space per unit, North Mountain is the perfect place for you. With its natural beauty and convenient amenities, this neighborhood offers a great quality of life for its residents.

Newest North Mountain Homes with 1 Space/Unit Parking Features

822 E Carol Avenue, Phoenix
$749,000
5 Beds ⋅ 4 Baths ⋅ 6952059 MLS
Fully occupied fourplex at the end of a cul-de-sac in East Sunnyslope, offered at $749,000. Three 1BR units and one 2BR unit feature slump-block construction, ceramic-tile interiors and private fenced patios or yards. A new asphalt-shingle roof with a reported transferable warranty and low-maintenance landscaping support ownership. Current OM underwriting shows $33,573 normalized NOI and a 4.48% cap rate; the market-rent pro forma shows $45,727 NOI and 6.11%. Convenient access to SR-51 and Central Phoenix employment, healthcare, shopping and recreation. No seller financing. Do not disturb tenants. Buyer to verify rents, expenses, condition, warranty and all information. 822 E Carol Avenue is a four-unit property in East Sunnyslope with three one-bedroom residences and one two-bedroom residence. All four are reported occupied. The approximately 1,776-SF building occupies an approximately 6,970-SF site. Features include slump-block construction, ceramic-tile interiors, private fenced patios or yards, low-maintenance desert landscaping and a new asphalt-shingle roof with a reported transferable warranty. The current OM uses its July 2026 rent schedule: $3,565 monthly base rent plus $225 monthly utility reimbursements, totaling $3,790. Annual base rent is $42,780 and reimbursements are $2,700, producing $45,480 gross potential income. A 3% economic vacancy allowance produces approximately $44,116 effective gross income, despite reported 100% physical occupancy. Normalized current expenses total $10,543: taxes $766, insurance $1,748, management $3,529, repairs $1,200, water/sewer/trash $2,300, landscaping $400 and other expenses $600. Current normalized NOI is $33,573, a 4.48% cap rate at the $749,000 asking price. These are underwriting assumptions and should be reconciled with current leases, collections and invoices. The illustrative market-rent case assumes $1,100 monthly for each one-bedroom unit and $1,400 for the two-bedroom unit. Reimbursements remain $2,700 annually; economic vacancy remains 3%; management remains 8% of effective gross income. Pro forma effective gross income is $57,327, expenses are $11,600 and NOI is $45,727, producing a 6.11% cap rate. Future rent changes are subject to existing leases and market conditions. The location offers access to SR-51, Central Phoenix employment, healthcare, retail and mountain recreation. Seller financing is not available. Please do not disturb tenants. 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.

822 E Carol Avenue, Phoenix

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