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$700,000
4 Beds 3 Baths 6991050 MLS 3,062 SqFt.
This expansive 3,062 sq. ft. home has been lightly lived in by a single, owner occupant of 35 years, contributing to its well-maintained condition and move-in ready appeal. The interior has been refreshed with new flooring, fresh paint, new lighting, and new ceiling fans throughout. The floor plan is designed for flexibility, featuring two large living areas and two dedicated eating areas including a dining room with an Arcadia door that opens to a balcony overlooking the backyard. The kitchen is bright and functional, centered around a large island with windows that look directly out over the pool. The home's 4-bedroom layout includes a substantial mother-in-law suite or secondary sitting room, complete with an additional walk-in closet and direct exterior exit--perfect for guests, home office or multi-generational living. The large primary bedroom serves as a spacious retreat with mountain views. The backyard features mature trees, refreshing pool, relaxing spa, and a gazebo for shaded entertaining. Situated on a generous lot, the property includes a large side yard and a convenient RV gate, offering plenty of room for toys and outdoor activities. No HOA! Key updates over the years include a new roof, HVAC with air scrubber, a resurfaced pool with Pebble Tec and a professional expansion that increased the home's square footage. Walk to Hidden Hills Elementary and Lookout Mountain Park w/Smart Play Areas, Tennis, Workout Stations & Volleyball. Enjoy hiking the numerous trails at Lookout Mountain. Centrally located with easy access to downtown Phoenix, Kierland Commons, Scottsdale Quarter, Desert Ridge, restaurants, 51, 101 and I17 freeways.

1843 E Sheena Drive, Phoenix

$656,000
5 Beds 3 Baths 6979795 MLS 2,214 SqFt.
BEAUTIFUL NORTH PHOENIX HOME WITH MOUNTAIN VIEWS! Welcome to 2106 E Friess Drive—a lovingly maintained, turnkey home in a quiet, well-established North Phoenix neighborhood. This recently renovated home offers a functional layout, high ceilings, abundant natural light, designer finishes, and mountain views from nearly every window. Recent improvements include a newer hot water heater, automatic irrigation system, new EV charging port, newer appliances, and a newer tile roof (2019, tuned up 2023), providing peace of mind and modern convenience. With five bedrooms, there's plenty of space for a home office, gym, guest rooms, or a studio. The lush backyard features herbs and mature fruit trees—including orange, tangelo, other citrus, and fig—along with an updated automatic irrigation system, creating a low-maintenance space ideal for relaxing, gardening, or entertaining. Located within walking distance to Lookout Mountain Park's playgrounds, tennis courts, and hiking trails, this home is perfect for outdoor Arizona living. Just minutes from the redeveloped Paradise Valley Mall, shopping, dining, and major freeways, it offers both convenience and the benefits of a quiet neighborhood.

2106 E Friess Drive, 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

$622,000
4 Beds 3 Baths 7041652 MLS 2,259 SqFt.
Down payment assistance available for qualified buyers -- own this fully remodeled North Phoenix Spanish Hacienda with little cash out of pocket, plus an optional renewable energy add-on that can lower the monthly payment. Set in the foothills just below Lookout Mountain Preserve, with 300+ acres of trails and a summit hike up the street an active buyer's backyard, minutes from Moon Valley's golf and country clubs and quick SR-51 access to downtown and Sky Harbor. Inside, a vaulted living room with exposed wood beams sets a warm, characterful tone, while oversized north-facing windows frame mountain views from multiple rooms and pull soft, even light through the home all day. The remodeled kitchen showcases new soft-close, dovetail cabinetry and Mona Lisa granite, opening to a den with a wet bar and rustic Saltillo tile for authentic Southwest warmth. The spa-style primary suite delivers an oversized walk-in shower with bench and full-length niche, plus a separate deck-set soaking tub. A light-filled enclosed sunroom -- a permitted addition with its own mini-split -- flexes as office, studio, gym, or guest room. New roof, new windows, and a Mediterranean-style neighborhood where this home truly belongs.

1802 E Crocus Drive, Phoenix

$615,000
4 Beds 3 Baths 6949034 MLS 2,214 SqFt.
Welcome to an inviting North Phoenix retreat where beautiful updates, warm character, and peaceful desert scenery come together effortlessly. Located in a desirable neighborhood near Lookout Mountain Park & Shadow Mountain, this home offers the advantage of being close to some of the area's best outdoor recreation. Step inside and you'll immediately feel the charm and spaciousness this home offers. Tongue-and-groove vaulted ceilings create a striking architectural backdrop, while the fireplace adds a cozy focal point. The custom wet bar brings an element of fun and makes the living space ideal for gatherings or relaxed evenings at home. The remodeled kitchen blends contemporary style with everyday function. Bright white cabinetry, modern hardware, quartz countertops nearly new stainless steel appliances, a cooktop range, built-in microwave & dishwasher give the space a fresh, modern feel. Refrigerator, washer, and dryer all stay, making move-in simple. Downstairs bedroom has access to the updated bathroom making it perfect for guests! Upstairs, both bathrooms have been tastefully updated. The primary suite stands out for its generous size, peaceful feel, AND has three spacious closets. A separate sitting area adds flexibility for reading, relaxing, or use as a personal retreat. The primary bath features a separate soaking tub and shower. The backyard is where this home truly shines. Designed for privacy and enjoyment, the outdoor space includes a sparkling pool, relaxing spa, and incredible mountain views that change beautifully throughout the day. It's a wonderful place to unwind, entertain, or simply enjoy the peaceful desert surroundings. Key improvements include newer upstairs flooring, a heat pump/AC installed in 2008, roof approximately 7 years old, and a transferable OneGuard home warranty for added confidence. Nearby Lookout Mountain Park enhances the home's appeal even further. Known for its scenic trails, panoramic valley views, open space, and desert beauty, offering plenty of opportunities for outdoor activities, whether you enjoy hiking, photography, or simply being surrounded by nature. Residents enjoy easy access to scenic trails, open desert landscapes, tennis courts, parks, and convenient nearby shopping and services. Additional recreation such as tennis courts and a nearby golf course area make the location even more convenient. With its inviting style, thoughtful upgrades, private outdoor retreat, and access to some of North Phoenix's most desirable natural spaces, this home delivers comfort, character, and exceptional value. Furnishings may be available on a separate bill of sale.

14269 N 22nd Street, Phoenix

$585,000
3 Beds 2 Baths 6967171 MLS 1,851 SqFt.
Tastefully updated and thoughtfully designed, this light and bright home sits on a generously sized lot with an expansive backyard ideal for entertaining and everyday enjoyment. Vaulted ceilings enhance the open floorplan, creating an airy, spacious feel throughout the main living areas. The expansive kitchen features new white cabinetry, quartz countertops, & a large center island, seamlessly opening to the family room highlighted by a beautifully tiled floor-to-ceiling fireplace. Two spacious living areas provide flexible options for relaxing or hosting, while fresh interior & exterior paint, along with new lighting, fans & fixtures, add a clean, modern touch. Both bathrooms have been fully remodeled with stylish finishes, while white cabinetry continues the cohesive design throughout. Step outside to the backyard, featuring newly installed sod, a covered patio, a paved walkway to the gazebo, and a sparkling poolperfect for Arizona living. Additional features include garage storage racks for added organization. This move-in-ready home blends comfort, style, and functionality in every detail. Walk to Hidden Hills Elementary and Lookout Mountain & Park w/Smart Play Areas, Hiking, Tennis, Workout Stations & Volleyball. Centrally located with easy access to downtown Phoenix, Kierland Commons, Scottsdale Quarter, Desert Ridge, restaurants, 51, 101 and I17 freeways.

1909 E Redfield Road, Phoenix

$525,000
4 Beds 2 Baths 6961468 MLS 1,750 SqFt.
Not sure if it gets any better than this! This move-in-ready 4-bedroom, 2-bath home truly checks every box! PREPAID SOLAR (NO PAYMENTS TO ASSUME, HAS WARRANTY), NEW ROOF (2025), NEW CARPET (2025), INTERIOR PAINT (2025), NEW HVAC (2020), NO HOA, and a POOL! Enjoy approximately $2,000+ per year in energy savings. Electric Bills average only $43/mo. Solar is grandfathered into netmetering and conveys to the buyer, making this home as efficient as it is inviting. Set on a desirable corner lot this home offers updated bathrooms, a bright and functional floor plan, and a backyard designed for Arizona living - whether you're cooling off in the pool, hosting weekend BBQs, or relaxing under the stars. With no HOA restrictions, you'll enjoy the freedom to truly make this home your own. Located in a prime, convenient area close to shopping, dining, and everyday amenities, this home delivers the perfect blend of comfort, savings, and lifestyle. Opportunities like this don't come around often - come see it today and fall in love!

2101 E Redfield Road, Phoenix

$525,000
4 Beds 3 Baths 6872232 MLS 2,345 SqFt.
Welcome Home to Lookout Mountain! Tucked away in the peaceful and established Lookout Mountain subdivision, this is a rare opportunity to write your family's next chapter. For the first time since it was built, this cherished home is ready for a new owner — and a fresh beginning. Imagine creating a space that's truly yours, designed to fit your family's lifestyle and personality. With plenty of room to remodel and customize, you can bring your vision to life — all while getting into the neighborhood under market value. Enjoy the serenity of being just moments from The Pointe Golf Club at Lookout Mountain, with stunning mountain views and trails nearby. Located in the sought-after Paradise Valley School District, it's an ideal setting for raising a family. Plus, with no HOA and an RV gate, you'll have the flexibility and freedom to make this home work for you. This is more than a house  it's a place to grow, dream, and build lasting memories. Don't miss your chance to make it yours. Lennox unit was installed 04-25-2024. The primary bathroom remodel was done in 2018. The carpet was installed in 2020. Will be professionally painted June 2nd, 2025.

1813 E Sheena Drive, Phoenix

$500,000
3 Beds 2 Baths 6939834 MLS 1,650 SqFt.
Beautifully updated single-level 3-bedroom, 2-bath home offering the perfect blend of comfort, warmth, and convenience. With 1,650 sq. ft. of inviting living space, new carpet and bathroom flooring, fresh paint, newer appliances, and a remodeled master shower, this home has all the essentials. Step outside to your private backyard oasis featuring a sparkling pool and shaded patio—ideal for family gatherings and weekend fun. Located in a friendly, established neighborhood just a short walk from Lookout Mountain Park, where hiking trails, scenic viewpoints, playgrounds, and picnic areas await. Perfect for growing families, first-time homebuyers, or those looking to downsize. Enjoy easy access to freeways, shopping, and dining. Great location! Homes like this in North Phoenix go fast!!

13826 N 20th Street, Phoenix

$485,000
4 Beds 2 Baths 6935785 MLS 1,750 SqFt.
Beautifully updated 4 bedroom, 2 bathroom home with 1,750 sq ft of living space on a 6,922 sq ft lot and no HOA. Located just one block from Lookout Mountain Preserve, this home offers easy access to hiking and biking trails, along with a nearby park featuring sand volleyball courts, tennis courts, and a playground. Interior updates include brand-new luxury vinyl plank flooring throughout the main living areas, carpet in the bedrooms, refinished kitchen cabinets with new quartz countertops, a new master bathroom vanity, fresh interior paint, and additional upgrades that make this home move-in ready. The spacious floor plan includes a welcoming living area with a fireplace, a bright kitchen with plenty of storage, and four well-sized bedrooms. Both the front and backyards feature low-maint low-maintenance desert landscaping, providing a clean and easy-care outdoor space. With no HOA restrictions, a prime location near outdoor recreation, and numerous recent improvements, this property is a great opportunity for buyers looking for a well-maintained home in a desirable neighborhood.

1814 E Crocus Drive, Phoenix

$480,000
4 Beds 2 Baths 7006107 MLS 1,750 SqFt.
Charming 4-bed, 2 bath, 2-car garage home nestled at the base of Lookout Mountain! Boasting approximately 1,750 square feet of living space on a generous 6,600-square-foot lot, this home offers room to grow and enjoy. A welcoming entry leads to a spacious layout with formal living and dining areas, ideal for everyday living and entertaining. The open family room flows seamlessly into the kitchen and dinette, creating a warm and inviting gathering space. The kitchen offers abundant cabinetry and durable tile flooring. Recent upgrades include fresh interior and exterior paint completed in 2026, giving the home a clean, updated feel. Step outside to a backyard designed for relaxation and enjoyment, complete with a sparkling pool and stunning views of Lookout Mountain.

2010 E Sheena Drive, Phoenix

$425,000
3 Beds 2 Baths 6968491 MLS 1,432 SqFt.
Situated on a spacious lot in the highly sought after red roof community at Lookout Mountain, this well-crafted home is ready for your personal touch and is priced to sell. A mix of desert and citrus landscape surrounds an open Saltillo tile patio with built-in seating. Beautiful mountain views from your kitchen window and just a short walk to Lookout Mtn. Park and Preserve. The park features 2 playgrounds, a large grass field, a beach volleyball court, tennis courts and stunning views of some of the Valley's most prominent mountains. The Preserve includes miles of trails and a mountain summit with 360 degree views of the greater Phoenix area. Surrounded by dining, shopping, award winning golf and more, this peaceful neighborhood is a hidden gem, not to be missed.

14225 N 20th Place, Phoenix

$420,000
3 Beds 2 Baths 6964561 MLS 1,193 SqFt.
Location, Location, Location! This charming North Phoenix home offers comfort, functionality, and an unbeatable location. Featuring 3 bedrooms and 2 bathrooms, the spacious floorplan welcomes you into a large great room with vaulted ceilings, laminate flooring and a cozy fireplace, The dining area has sliding glass doors that lead to an inviting backyard retreat. The kitchen is well-appointed with granite countertops, a double oven, and abundant cabinet space, making it ideal for everyday living and entertaining. The generous primary suite includes two closets, providing ample storage. Enjoy easy-care desert landscaping and cool off in the inviting play pool, perfect for Arizona living. Conveniently located near schools, shopping, dining, and quick access to SR-51.

13834 N 20th Street, Phoenix

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