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$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 รท $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

$5,998,000
6 Beds 7 Baths 7060852 MLS 7,524 SqFt.
Welcome to this stunning Modern Spanish masterpiece, tucked away on a quiet cul-de-sac in Scottsdale's prestigious Cactus Corridor. This exceptional luxury home, situated on 0.82 acres, seamlessly blends sophistication, comfort, and the natural beauty of its surroundings, offering a lifestyle of unparalleled elegance and tranquility. This home has recently gone through a major remodel/expansion. With 7,524 square feet of living space, this home features 6 ensuite bedrooms, 6.5 bathrooms, a game room, and 2 laundry rooms. Included in the bedrooms is an attached casita with kitchenette. Nestled against the scenic McDowell Mountains, this architectural gem enchants with its grand foyer and spacious living area, surrounded by French doors that open to the lush backyard and sparkling pool. Welcome to this stunning Modern Spanish masterpiece, tucked away on a quiet cul-de-sac in Scottsdale's prestigious Cactus Corridor. This exceptional luxury home, situated on 0.82 acres, seamlessly blends sophistication, comfort, and the natural beauty of its surroundings, offering a lifestyle of unparalleled elegance and tranquility. This home has recently gone through a major remodel/expansion. With 7,524 square feet of living space, this home features 6 ensuite bedrooms, 6.5 bathrooms, a game room, and 2 laundry rooms. Included in the bedrooms is an attached casita with kitchenette. Nestled against the scenic McDowell Mountains, this architectural gem enchants with its grand foyer and spacious living area, surrounded by French doors that open to the lush backyard and sparkling pool. The gourmet kitchen is truly a chef's dream, highlighted by marble island, top-of-the-line appliances, a walk-in pantry, and designer finishes that elevate both form and function. Step outside to your own resort-style oasis. The meticulously, lush landscaped backyard boasts a heated sparkling pool and spa, multiple covered patio, indoor/outdoor fireplace, grand fire pit, and ample space for outdoor dining and lounging.Whether hosting gatherings or enjoying peaceful Arizona sunsets, this outdoor space delivers year-round enjoyment. This extraordinary residence in Cactus Acres is the perfect blend of modern luxury-an exceptional opportunity to own a true desert retreat in one of the area's most coveted neighborhoods.

11745 N 99th Street, Scottsdale

$5,950,000
6 Beds 8 Baths 7060684 MLS 6,169 SqFt.
Just minutes from The Global Ambassador, your favorite Arcadia's spots, Phoenix Country Day School, and Arizona's premier golf courses and luxury resorts, this newly completed custom-designed estate by Ella Lee Homes in collaboration with Folklore Interior Design sits on a pristine 0.8-acre lot framed by breathtaking Camelback Mountain and Phoenix Mountain Preserve views. Ideally positioned in a sought-after neighborhood at the crossroads of Phoenix and Paradise Valley, this 6,169 sq ft home offers 6 beds, 6 full baths, 2 half baths, and a fully appointed detached guest house. The foyer sets the tone with Roman clay walls, custom paneling, and checkered tile flooring. White oak flooring extends throughout the thoughtfully designed open floor plan, where a formal dining room and spacious great room with a gas fireplace, custom built-ins, and expansive sliding glass doors open seamlessly to the resort-style backyard. The chef's kitchen and sunlit breakfast room create an effortless gathering space for everyday living and entertaining. Outfitted with Wolf and Sub-Zero appliances, the kitchen also features an oversized island, beverage refrigerator, and a fully equipped butler's pantry and prep kitchen complete with a coffee bar, sink, dishwasher, and additional refrigerator. The split floor plan is anchored by a private primary suite with direct backyard access, dual vanities, a soaking tub, oversized walk-in shower, private toilet, and an expansive custom walk-in closet with a center island and direct access to the laundry room. Every guest bedroom is en-suite with its own walk-in closet, while a separate family room offers flexible space for a teen lounge, playroom, game/media room, or fitness studio. Additional amenities include a four-car attached garage for the main house with epoxy flooring, a mudroom with a drop zone, and a laundry room with dual washer and dryer sets. Designed for Arizona living, the backyard features a heated pool and spa, covered patio, built-in BBQ station, dedicated pool bath, an expansive lawn, mature ficus hedges for privacy, fragrant rose gardens, and citrus trees. The detached one-bedroom guest house offers exceptional flexibility with its own living room, full kitchen with a gas cooktop, microwave, dishwasher, pantry, laundry, walk-in closet, and an attached two-car garage--ideal for guests, multigenerational living, or extended stays.

4119 E Stanford Drive, Phoenix

$1,550,000
6 Beds 5 Baths 7059968 MLS 3,706 SqFt.
Experience the best of Scottsdale living in this one-of-a-kind luxury home, perfectly positioned on a premium corner lot with breathtaking mountain and Arizona sunset views--and with no homes directly behind you for exceptional privacy. The location is truly hard to beat. Just minutes from Mayo Clinic, HonorHealth Scottsdale Shea Medical Center, the world-renowned BASIS Scottsdale Charter School, and the charming community of Fountain Hills, you'll enjoy convenient access to some of the area's finest healthcare, education, recreation, and outdoor activities. You'll also be surrounded by an incredible selection of Central Scottsdale restaurants, shopping, golf courses, hiking and biking trails, while enjoying quick access to the 101 Freeway, making it easy to reach Scottsdale Airpark, Kierland Commons, Scottsdale Quarter, Sky Harbor Airport, and virtually anywhere throughout the Valley. Offering 6 spacious bedrooms, 4.5 bathrooms, and an expansive floor plan designed for both everyday living and entertaining, this home blends luxury with comfort. The inviting living room showcases a beautiful fireplace and flows effortlessly into the chef's kitchen featuring rich wood cabinetry, granite countertops, stainless steel appliances, a large center island with breakfast bar, generous pantry, and abundant workspace. The adjoining family room creates the perfect gathering space for family and friends while opening seamlessly to the backyard. The private primary suite is a true retreat, complete with its own cozy fireplace, dual vanities, a relaxing garden tub, oversized walk-in shower, and an impressive walk-in closet. Step outside and discover your own Arizona resort. The backyard was designed for entertaining with an extended covered patio, heated pool and spa, built-in barbecue, outdoor fireplace, outdoor shower, five raised garden beds, and plenty of room to relax while enjoying spectacular mountain views and unforgettable sunsets. An RV gate with additional parking, circular driveway, mature desert landscaping, and an oversized three-car garage complete the package. Located within a highly desirable gated community, residents enjoy outstanding amenities including a community pool and spa, tennis courts, basketball and volleyball courts, playground, and clubhouse. As an added bonus, the seller is including the furniture at no additional cost if desired, making this a truly turnkey opportunity. Simply bring your suitcase and start enjoying the Scottsdale lifestyle from day one.

10450 N 117th Place, Scottsdale

$1,843,000
6 Beds 6 Baths 7059279 MLS 4,946 SqFt.
Tucked away in the private gated community of Foothills South, this custom Sedona home sits on a large .54 acre lot with sweeping views of the red rocks right in your front yard. Vaulted ceilings and skylights fill the main living areas with natural light, and stained concrete floors run through the great room and dining space. The main level offers 3,000 square feet of living space, while a separate 1,946 sqft, multi-generational 2 bedroom lower level guest quarters with its own entrance, kitchen, laundry and living area (complete with a cozy gas fireplace) gives you options most homes simply can't. 6 bedrooms and 6 baths total, with 4 bedrooms upstairs and 2 down. A separate office or studio space off the garage adds even more flexibility. The primary suite is its own retreat, complete with a private balcony perfect for watching the stars at night. The ensuite bath offers a jetted garden tub, a walk in shower, and its own private laundry. Both kitchens come equipped with everything you need to cook and entertain, including warming ovens and under cabinet lighting. The main kitchen also features a large island with bar seating for four. Incredible views throughout, plus a built-in shaft space, originally designed as a dumbwaiter, offers the potential to be converted into a future elevator. Step outside to your own oasis, anchored by a striking kiva-style outdoor fireplace and built-in BBQ grill. An 8 foot deep pool, tucked behind its own privacy wall, is made for gathering. Enjoy your mornings on the front deck while you take in the views. Add in a leased solar system for energy efficiency, and this home checks every box. Homes like this in Foothills South don't come around often. Come see it for yourself.

385 Foothills South Drive, Sedona

$599,990
6 Beds 4 Baths 7059238 MLS 3,478 SqFt.
What's Special: Secondary Bedroom with Attached Bath | Larger Lot | Larger Backyard | Close to Park | 3-Car Garage | Covered Patio | 1st Floor Primary Suite. New Construction - August Completion! Built by America's Most Trusted Home Builder. Welcome to the 45-RM5 at 14315 W Soft Wind Drive in Almeria at Rancho Mercado! This floorplan is a spacious two-story floor plan offering 3,478 square feet of thoughtfully designed living space. This home features six bedrooms, four bathrooms, and a three-car garage. At the heart of the home, the open concept great room and kitchen flow seamlessly together, with the dining area conveniently situated nearby. The expansive layout creates an inviting atmosphere with plenty of room for everyday living and hosting family and friends. The primary suite is located on the main floor and serves as a private retreat. The luxurious en suite bathroom features a separate soaking tub and shower, dual vanities, and a spacious walk-in closet. The second floor also includes additional bedrooms, a full bathroom, and a conveniently located laundry room, providing comfort and functionality throughout the home. Meandering walks along lush trails and competitive volleyball or basketball games can become your new normal. There's even a dog park for your furry friends! Enjoy the connectivity of a master-planned community. Beautiful trails connect a playground to sports courts and a dog park. Hello, natural light! There's no shortage of windows to enjoy the Arizona sunshine. Additional Highlights Include: garage service door, 42" upper cabinets in kitchen, GE Monogram 30" gas cooktop with single oven, and gas line for future dryer. MLS#7059238

14315 W Soft Wind Drive, Surprise

$2,264,300
6 Beds 5 Baths 7058299 MLS 5,188 SqFt.
TO BE BUILT - Custom estate home opportunity in the Contreras Farms community with horse privileges. This thoughtfully designed luxury residence offers 5,188 sq. ft. of living space with 6 bedrooms, 4.5 bathrooms, private office, fitness room, media room, game room, and expansive open-concept living areas. The gourmet kitchen features a large island, walk-in pantry, butler's pantry, and breakfast nook overlooking the spacious family room. The primary suite includes a spa-inspired bath and oversized walk-in closet. A finished basement provides ideal space for entertaining, guests, or multigenerational living. Complete with a covered patio, 3-car garage, and the opportunity to personalize finishes, features, and selections to create a home tailored to your needs. Built by VIP Homes, this proposed residence is designed with approximately 3,542 square feet on the main level and 1,646 square feet of finished basement space. The floor plan incorporates dedicated recreation and gathering areas, guest accommodations, flexible-use rooms, multiple storage areas, and a layout intended to support a variety of household needs. Additional planned features include a tankless water heater, covered outdoor living area, and attached three-car garage. Buyers may have the opportunity to select certain finishes, colors, fixtures, and design elements during the construction process, subject to builder guidelines, construction schedule, and applicable allowances. Home is proposed construction and may be modified subject to builder approval, engineering requirements, budget considerations, and local jurisdictional approvals. Floor plans, elevations, dimensions, specifications, materials, finishes, features, square footage, pricing, and available options are subject to change without notice. All renderings, marketing materials, and conceptual drawings are for illustrative purposes only and may not reflect the final construction. Buyer to independently verify all information deemed material to the purchase.

7385 S Sunnyvale Court, Queen Creek

$2,700,000
6 Beds 6 Baths 7057989 MLS 5,613 SqFt.
Just outside the gates of the Arizona Country Club, this beautifully appointed Mediterranean-inspired residence offers timeless architecture and exceptional craftsmanship. The 5,130-square-foot main home features six bedrooms, 5.5 bathrooms and a three-car garage, complemented by a private 483-square-foot, one-bedroom guest house ideal for visitors, extended stays or a home office. An impressive chef's kitchen with Viking and Sub-Zero appliances flows into generous gathering spaces filled with natural light. A spacious entry courtyard with a fireplace creates an inviting setting for indoor-outdoor living, while the primary retreat offers a peaceful escape with a luxurious, resort-style bathroom. This home is ideally located near exceptional dining, shopping and the Arizona Country Club. A custom wine room offers abundant storage for your collection, creating the perfect space to display and enjoy your favorite vintages. With 7 bedrooms and 6 baths in total-this home has it all. The thoughtfully designed floor plan offers spacious bedrooms, luxurious bathrooms, and flexible living areas to accommodate a variety of lifestyles. Quality finishes, rich wood cabinetry, and attention to detail are evident throughout every room. Located just minutes from premier dining, upscale shopping, golf courses, hiking trails, and top-rated schools, 5807 E. Orange Blossom Lane offers the perfect combination of luxury, comfort, and convenience in the heart of Phoenix. This is a rare opportunity to own a truly remarkable property in a highly sought-after location.

5807 E Orange Blossom Lane, Phoenix

$489,000
6 Beds 3 Baths 7057923 MLS 3,143 SqFt.
A home this size, this updated, and this move-in ready is not easy to find in Laveen. A fully remodeled 6-bedroom home in Laveen Farms with the space, updates, and lifestyle buyers are looking for without the long project list after closing. This move-in-ready 6-bedroom, 3-bath home offers over 3,100 sq ft, including a downstairs bedroom and full bathroom -- a layout that works beautifully for guests, multi-generational living, a home office, or anyone who wants extra flexibility. With fresh updates throughout and the major comfort items already handled, this home is ready for everyday living from day one. Inside, you'll find bright, open living spaces, updated finishes, and a kitchen designed for both function and gathering. The kitchen features granite countertops, stainless ste appliances, soft-close cabinets, a large island, and a walk-in pantry with plenty of storage. The home also includes a water softener and two new HVAC units, one 3-ton and one 5-ton, giving buyers peace of mind where it matters most in Arizona. Upstairs, the spacious primary suite offers a walk-in closet, dual sinks, soaking tub, and separate shower. Additional bedrooms and a large loft provide room for everyone to spread out, whether you need sleeping space, homework zones, gaming space, fitness area, or a second living room. Step outside to a backyard with a covered patio, mature landscaping, and room to enjoy Arizona evenings, pets, play, or weekend get-togethers. Located in Laveen Farms, the community adds even more to love with neighborhood amenities such as a lake, playground areas, splash pad, basketball court, walking and biking paths, greenbelts, and community park spaces. Enjoy the Laveen Farms lifestyle with a nearby Trailside Point Performing Arts Academy K-8. You're also close to shopping, dining, schools, South Mountain Preserve, and Loop 202 access, making it easy to enjoy both neighborhood living and everyday convenience. Big home. Fresh remodel. Downstairs bedroom and full bath. Two new HVAC units. Community lifestyle. This is the one Laveen buyers need to see.

6515 S 72nd Avenue, Laveen

$2,499,000
6 Beds 7 Baths 7055379 MLS 5,998 SqFt.
Set in one of Phoenix's premier luxury communities, this custom estate pairs designer finishes with exceptional entertaining space and picturesque mountain views. Just minutes from South Mountain Park's hiking and biking trails, golf, top-rated schools, dining, and freeway access, it offers a rare balance of privacy, convenience, and luxury. 6 bedrooms, 6.5 baths, and a wealth of flexible living spaces have been thoughtfully renovated with high-end updates while preserving the craftsmanship of a true custom home. Inside, soaring two-story ceilings, skylights, and abundant natural light create a bright, open atmosphere. Tile flooring runs through the main living areas, with hardwood in the office, gaming room, and fitness room. A fully integrated Control4 smart-home system and motorized dual shades (blackout and sheer) control lighting, music, TVs, security, cameras, and climate throughout. The dramatic great room centers on a floor-to-ceiling tiled fireplace framed by oversized windows, while glass stair railings and an open second-floor catwalk showcase the home's striking architecture. The chef's kitchen, fully remodeled in 2021, is the heart of the home: an oversized quartz island with breakfast bar, custom cabinetry, a Wolf 6-burner propane cooktop with griddle, Sub-Zero refrigerator, built-in Wolf steamer, double ovens, warming drawer, two dishwashers, and a customized walk-in pantry. The adjacent entertainment bar adds a beverage refrigerator, third dishwasher, premium ice maker, and direct access to a temperature-controlled 600-bottle wine room. Additional spaces include an executive office with built-ins, a fully equipped theater with projector and blackout velvet shades, a gaming room, an exercise room with French doors to the backyard, a large storage room, and a floored attic with built-in racks. The primary suite is a private retreat with French doors to the backyard, a spa bath with dual vanities, soaking tub, separate shower, water closet, and an oversized custom walk-in closet. Every secondary bedroom has its own walk-in closet. Outside, the resort-style backyard features a 2022 outdoor kitchen with built-in propane barbecue, cooktop, commercial refrigerator, hot water, extensive cabinetry, and a covered gazebo, plus a saltwater pool and mountain views. Recent upgrades include remodeled baths, pantry, and laundry (2025), new flooring and interior doors, three HVAC systems (2021), fresh interior paint (2025), and new bedroom carpet. Also notable: an oversized laundry room with one washer and two dryers, a three-car garage with built-in cabinetry and workbench, an RV gate with 50-amp hookup, stuccoed privacy walls, and a water softener. A rare opportunity to own a meticulously updated custom estate in one of Ahwatukee's most coveted neighborhoods.

12671 S Honah Lee Court, Phoenix

$735,000
6 Beds 4 Baths 7054903 MLS 3,066 SqFt.
Rarely does a property offer this much space, versatility, and opportunity in such a desirable Tempe location. With 5 bedrooms and 2.5 baths in the main home PLUS a detached 2/1 casita, this property is ideal for multigenerational living, guests, a home office, rental income potential, or Airbnb opportunities. Spanning approximately 3,066 square feet on an oversized lot, the home is loaded with upgrades including plantation shutters, exterior security shutters on both the main home and casita, tile flooring throughout the main living areas, granite countertops, custom cabinetry, and stainless steel appliances. The primary suite is conveniently located on the main level and features a large oversized shower with dual shower heads, while the remaining bedrooms are situated downstairs for added privacy. Two wood-burning fireplaces add warmth and character, including one in the main living area and another on the private primary suite balcony patio. Outdoor living is equally impressive with two balcony covered patios, an inviting fountain area, and professionally maintained zero-scape landscaping with front and back irrigation. The property also includes an RV gate and RV parking, a large storage shed, abundant storage throughout, garage cabinetry, and an epoxy-coated garage floor with an additional sink. The main house AC unit was installed in 2021 and the water heater in 2020. The attached casita offers its own separate entrance while still providing interior access to the main home. It includes granite tile countertops, a full bathroom, washer and dryer, and the flexibility to add a stove if desired. The casita AC unit was installed in 2018, and the water heater was replaced in 2017. Located near the canal for walking and jogging, and just minutes from shopping, dining, and freeway access, this property combines space, functionality, and a prime Tempe location with the added benefit of no HOA.

6847 S Alder Drive, Tempe

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