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$1,275,000
4 Beds 3 Baths 7060943 MLS 3,309 SqFt.
Welcome to this beautifully updated home in Scottsdale's coveted ''Magic Zip Code'' 85254 -- NO HOA! This spacious two-story offers 4 beds, 3 baths, plus a dedicated office. One bedroom is downstairs, while the primary suite, 2 additional beds & a versatile loft await upstairs for extra flexibility. Featuring granite kitchen counters, a big window overlooking the backyard, and wood-look tile flooring throughout the main living areas. Ample storage and a 2-car garage. Step outside to a true backyard oasis with mature palm trees: a sparkling new pool with water feature, plus a separate play pool for the kids or shallow sunbathing -- all backing directly to a park, ideal for families and pet owners alike. Minutes to Kierland Commons, Scottsdale Quarter & Scottsdale Fashion Square.

5803 E Sandra Terrace, Scottsdale

$695,000
6 Beds 6 Baths 7060894 MLS
* **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

$228,500
2 Beds 2 Baths 7060868 MLS 948 SqFt.
Seize the chance to own this charming condo At the Union Hills Villas-BRAND NEW AC SYSTEM! Fall in love with the appealing open layout including high ceilings, a soothing fresh interior with a new re-paint, blinds, new carpet & padding, NEW plumbing & electrical fixtures throughout. Gourmet kitchen w/NEW granite counters & NEW white shaker cabinets, a mosaic tile full backsplash, NEW built-in SS appliances, pantry, large island, tile floors. The main bedroom suite has a walk-in closet and a private bathroom including new sink/vanity/toilet! All new ceiling fans, New hall bath vanity/sink/toilet! Balcony with views of the neighborhood. The community boasts a pool/spa, picnic spots, workout facility, BBQ area, & well-maintained common areas. Don't miss out on this fantastic opportunity

18416 N Cave Creek Road Unit 3017, Phoenix

$390,000
3 Beds 2 Baths 7060861 MLS 1,194 SqFt.
Stunning remodeled 3-bedroom condo featuring a cozy fireplace and durable LVP flooring installed over dual-layer sound-abatement underlayment for exceptional quiet. Dekton countertops throughout deliver premium, scratch- and heat-resistant surfaces. The spa-inspired primary bath boasts a custom shower with 4 in-wall body jets, 3 shower heads, and 5 spray modes for a true retreat experience. Addtl upgrades include dual-mode blinds throughout and modern convenience outlets with built-in USB-A and USB-C charging ports in most rooms. Occupancy available within 45 days of closing (so tenant can relocate), or as a turnkey investment opportunity. Currently leased to a reliable tenant at $3,000/mo through December 31, 2026, with the tenant having expressed interest in extending through April 30

4925 E Desert Cove Avenue Unit 257, Scottsdale

$490,000
3 Beds 2 Baths 7060769 MLS 1,644 SqFt.
Enjoy the best of Arizona living in this inviting North Phoenix home, tucked away in quiet neighborhood with a private backyard made for year-round enjoyment. Inside, the thoughtfully designed split floor plan offers 3 bedrooms and 2 full baths, equip with soaring vaulted ceilings, abundant natural light, and durable tile flooring throughout the main living areas. The kitchen seamlessly connects to the dining and living spaces and features stainless steel appliances, generous cabinetry, and a convenient breakfast bar for casual meals or entertaining. The spacious primary retreat offers dual closets and a private bath with a walk-in shower. Step outside to your own backyard oasis featuring a sparkling pool and low-maintenance desert landscaping, perfect for family and friends gather Complete with a 2-car garage and conveniently located just minutes from shopping, dining, parks, and freeway access, this home combines comfort, convenience, and everyday functionality.

16605 N 23rd Place, Phoenix

$725,000
4 Beds 3 Baths 7060743 MLS 2,300 SqFt.
Welcome to this beautifully upgraded Scottsdale residence, where modern comfort and an exceptional location come together. Four bedrooms, three bathrooms, and multiple living spaces give everyone room to spread out -- but the standout feature is a rare second private primary suite, created from the converted garage and complete with a full bathroom, mini-split climate control, and its own separate side entrance. That private entry is what turns flexible space into real opportunity: a luxurious guest retreat, a multigenerational living suite for parents or in-laws, a quiet home office set apart from the daily noise, or an income-producing short- or long-term rental. Altogether the home offers approximately 2,300 sq ft of livable space (buyer to verify). Inside, this one is truly move- Welcome to this beautifully upgraded Scottsdale residence, where modern comfort and an exceptional location come together. Four bedrooms, three bathrooms, and multiple living spaces give everyone room to spread out -- but the standout feature is a rare second private primary suite, created from the converted garage and complete with a full bathroom, mini-split climate control, and its own separate side entrance. That private entry is what turns flexible space into real opportunity: a luxurious guest retreat, a multigenerational living suite for parents or in-laws, a quiet home office set apart from the daily noise, or an income-producing short- or long-term rental. Altogether the home offers approximately 2,300 sq ft of livable space (buyer to verify). Inside, this one is truly move-in ready. Upgrades completed within the last five years include a new roof, a new HVAC system, a professionally resurfaced pool, and fresh interior and exterior paint, along with additional enhancements throughout. The kitchen and bathrooms were both updated as well, so the expensive, disruptive projects are already behind you -- you get to spend your first year here enjoying the house instead of renovating it. And then there's the address. The highly desirable 85254 "magical" zip code -- Phoenix taxes with a Scottsdale address -- puts you five minutes from Kierland Commons and Scottsdale Quarter, five minutes from the exciting redevelopment transforming the old Paradise Valley Mall site, and ten from Desert Ridge Marketplace. Premier shopping, dining, and entertainment sit in every direction. Commuters have it just as good: Mayo Clinic and American Express are both about five minutes away, with quick access to the 51 and the 101 when you need to go farther. Homes with this much flexibility don't sit long. Come see it.

5222 E Nisbet Road, Scottsdale

$499,000
4 Beds 2 Baths 7060606 MLS 1,353 SqFt.
Ready to fall in love with this beautiful home? POOL! RV GATE! NO HOA! Many updates to mention, new exterior and interior paint, quality kitchen cabinets 2018, tile floors t/out, recently resurfaced pool and pool pump, dual pane windows installed t/out, AC and water heater 2021, duct seal and insulation 2021, new door hardware and light fixtures, updated bathrooms. This home has been diligently maintained. Enjoy this open-concept floor plan that was updated to impress w/wine cooler, ample wood shaker cabinets, granite counters, a pantry, and recessed lighting. Spacious main bedroom has a triple-wide closet & a private bathroom. Professionally cleaned! Your private oasis is ready for you to move in! Great location! Secure your private tour today.

2208 E Hearn Road, Phoenix

$630,000
4 Beds 3 Baths 7060565 MLS 1,915 SqFt.
Welcome to this spacious two-story home featuring 4 bedrooms, 2.5 baths & an air-conditioned garage & flex room--ideal for an office, or workspace. Nestled on a quiet CUL-DE-SAC. This gardener's dream features plumeria (frangipani), crape myrtle, Meyer lemon & lime trees, thoughtfully designed & nurtured by a landscape architect. Over $30,000 in plants.Relax in the large & private covered patio with 3 dimmable fans/lights. Improvements include new interior & exterior paint, new blinds, a new roof with transferable warranty, a 50-gallon water heater & water softener with an additional tank & filter, a reverse osmosis system, & new garage door springs. Solar adds energy efficiency. Walk to Paradise Valley Community College; close to Desert Ridge, Mayo Clinic & freeways. WELCOME HOME!

3642 E Renee Drive, Phoenix

$95,000
3 Beds 2 Baths 7060309 MLS 1,568 SqFt.
Welcome to this beautifully updated 3-bedroom, 2-bath manufactured home located in the 55+ community of Sunrise Heights in North Phoenix. Featuring updated durable vinyl plank flooring and a nicely updated kitchen with all new cabinets, sink and countertops. The spacious floor plan includes large bedrooms with two rooms having walk-in closets. Enjoy year-round comfort with a newer A/C unit, while the outdoor storage shed offers additional space for tools, hobbies, or seasonal items. Some furniture is included, making this home even more move-in ready. Whether you're looking for a full-time residence or a seasonal retreat, you'll appreciate the low-maintenance lifestyle and welcoming community amenities and events. The community even offers a place to store your RV or boat!

1630 E John Cabot Road, Phoenix

$225,000
2 Beds 2 Baths 7060207 MLS 810 SqFt.
Investors, take note: Renters in place through February 2027. This beautiful, well-maintained condo has a newer washer-dryer and is wired for a security system. The floors and interior paint were redone in 2023, and the exterior paint was completed in 2025. There is plenty of storage space with two patio closets and three interior closets. This cozy condo is in the highly sought-after community of the Cliffs at North Mountain. The Cliffs has two community pools, one heated, heated spas, a clubhouse and a gym, and has on-site security. It's centrally located near I51, the new PV Mall, ASU West, Dream City Church, Hidden Hills Elementary, top-10-ranked BASIS Phoenix, and it's about 25 minutes to TSMC. This is a great money-making opportunity or make this bright condo your new home!

1720 E Thunderbird Road Unit 1040, Phoenix

$627,000
3 Beds 2 Baths 7060108 MLS 1,484 SqFt.
Tastefully updated 3-bedroom, 2-bath home located in the heart of everything Scottsdale & Paradise Valley have to offer! Designed w/ both style & functionality in mind, the kitchen serves as the heart of the home, featuring quartz countertops, oversized island, shaker cabinetry, a designer tile backsplash, woven pendant lighting, built-in wine storage & stainless steel appliances. The open-concept layout creates a seamless flow between the kitchen, dining & living areas, making everyday living & entertaining effortless. Step outside to your private backyard retreat, complete w/ a sparkling pool & multiple spaces to relax or gather w/ family & friends. Thoughtfully updated w/ timeless finishes throughout, this move-in-ready home perfectly blends comfort & Arizona indoor/outdoor lifestyle. The home was previously 4-bedrooms. The larger guest room was previously 2 separate rooms and can easily be converted back.

14644 N 43rd Place, Phoenix

$350,000
2 Beds 3 Baths 7059936 MLS 1,088 SqFt.
Welcome to the highly sought-after Magic Zip Code of 85254! This well-maintained 2-bedroom, 2.5-bath townhome features a spacious two-story layout with soaring ceilings, tile flooring throughout the main level, and a cozy fireplace. The kitchen offers brand-new stainless steel appliances, with a new dishwasher to be installed soon, ample cabinet space, and opens to a private fenced patio perfect for relaxing or entertaining. Upstairs, both bedrooms feature en-suite bathrooms, vaulted ceilings, and generous closet space. Enjoy covered parking, exterior storage, and access to the community pool, spa, and clubhouse. Ideally located just minutes from Kierland Commons, Scottsdale Quarter, Desert Ridge Marketplace, Mayo Clinic, Loop 101, and SR-51. Situated within the highly regarded Paradise Valley Unified School District, this home offers convenient access to shopping, dining, entertainment, and everything that makes Scottsdale's 85254 Magic Zip Code one of the Valley's most desirable places to live.

4901 E Kelton Lane Unit 1003, Scottsdale

$249,900
2 Beds 1 Baths 7059907 MLS 1,007 SqFt.
Welcome to a blast from the past. Over a thousand square feet with potential and location. One could gaze for days at the swimming pool and grassy area from the kitchen and dining room windows. The kitchen features stainless steel Frigidaire appliances including a refrigerator, glass top electric stove, dishwasher and built in microwave. The large living room has vaulted ceilings and it and the large master and second bedroom all have ceiling fans. No popcorn here. The north facing private, block fenced backyard has a large paver patio and walkway that allows direct access to your car. Whirlpool Duet Washer and Dryer included! Minutes away from Desert Ridge, PV, shopping, restaurants and schools with easy access to the 101, 51 and I-17. TSMC is about 15 miles away,

17225 N 16th Street N Unit 3, Phoenix

$900,000
7059905 MLS 1,800 SqFt.
The Hideaway is an exclusive offering: a private, gated collection of 70 luxury garage condominiums in Phoenix, Arizona. Built for owners who see their vehicles, boats, and collections as part of a curated lifestyle. Positioned at Cave Creek Road and the 101 Highway, The Hideaway pairs unmatched convenience with resort-caliber security and amenities, anchored by a three-story clubhouse designed specifically for owners. Each unit arrives as a turnkey gray shell with oversized 16' x 14' garage doors, 24'-26' of clear interior height, and a rooftop-mounted HVAC system, ready for owners to finish with a mezzanine, epoxy flooring, or bathroom, available only during this pre-construction phase. Unit sizes are 25x50, 30x55, and 30x60.

2714 E Mohawk Lane Unit 15, Phoenix

$825,000
7059904 MLS 1,650 SqFt.
The Hideaway is an exclusive offering: a private, gated collection of 70 luxury garage condominiums in Phoenix, Arizona. Built for owners who see their vehicles, boats, and collections as part of a curated lifestyle. Positioned at Cave Creek Road and the 101 Highway, The Hideaway pairs unmatched convenience with resort-caliber security and amenities, anchored by a three-story clubhouse designed specifically for owners. Each unit arrives as a turnkey gray shell with oversized 16' x 14' garage doors, 24'-26' of clear interior height, and a rooftop-mounted HVAC system, ready for owners to finish with a mezzanine, epoxy flooring, or bathroom, available only during this pre-construction phase. Unit sizes are 25x50, 30x55, and 30x60.

2714 E Mohawk Lane Unit 1, Phoenix

$515,000
3 Beds 2 Baths 7059838 MLS 1,401 SqFt.
Introducing this beautifully maintained North Phoenix home, where modern updates, energy efficiency, and pride of ownership create exceptional value. Fresh exterior and interior paint gives the home a bright, clean, and contemporary feel from the moment you step inside. The spacious primary suite features a beautifully remodeled bathroom (2024), offering a stylish and relaxing retreat. The kitchen is truly move-in ready with a full suite of appliances, all replaced in 2022. Enjoy peace of mind with numerous major updates, including a newer HVAC system, a water heater replaced in 2024, and new sunscreens on every window to improve comfort and energy efficiency. An owned solar system provides long-term savings on utility costs while adding significant value to the home. With its thoughtful upgrades, low-maintenance features, and desirable North Phoenix location, this home is ready for its next owner to move in and enjoy.

4337 E Campo Bello Drive, Phoenix

$950,000
3 Beds 2 Baths 7059742 MLS 1,980 SqFt.
Experience refined living in this absolutely immaculate home in the highly sought-after 85254 ''Magic Zip Code''! Thoughtfully updated with modern high-end finishes, this single-level 3 bed/2 bath home offers an open, inviting layout with a split floor plan that blends elegance with everyday comfort. The stunning backyard is a private retreat, featuring a sparkling pool, covered patio, putting green, and ample space for relaxing or entertaining. A new A/C installed in 2024 provides added value and efficiency. Ideally located near Kierland Commons, Scottsdale Quarter, the PV redevelopment, Desert Ridge, premier golf, dining, shopping, parks, and top-rated Paradise Valley District schools, this move-in ready home delivers the perfect balance of luxury, comfort, and convenience. Welcome home!

5519 E Grandview Road, Scottsdale

$699,000
3 Beds 2 Baths 7059365 MLS 1,649 SqFt.
Welcome to this beautifully updated home in the highly sought-after 85254 zip code! Conveniently situated between Desert Ridge and the exciting new Paradise Valley Mall development, this inviting residence offers both comfort and an unbeatable location. The open-concept kitchen and living area is designed for comfortable living and entertaining, featuring stylish quartz countertops, a sliding door, and a convenient doggy door leading outside. The living room also offers a cozy wood-burning fireplace, while vaulted ceilings and abundant natural light create a bright and spacious atmosphere throughout the home. The property offers dual washer and dryer hookups--one conveniently located in the garage and another in the third bedroom, providing added flexibility. Enjoy fantastic community amenities, including a swimming pool, two dog parks, and tennis courts, all located directly across the street from the home. With thoughtful updates, functional living spaces, and a prime location near shopping, dining, and future development, this home has so much to offerA

5013 E Waltann Lane, Scottsdale

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