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$700,000

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.

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

$625,000

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.

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

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.

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

$480,000

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.

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