Listing Details:
Listing ID: 7061722
Updated: 9/14/2026 6:55pm
| Status | Active/For Sale |
| Days On Market | 40 |
| Taxes | $4,198.00 |
| HOA | N/A |
| Type | N/A |
| Open Parking | 12 |
| Year Built | 1987 |
| Lot Size | 0.00 |
| County | Maricopa |
| Listed By | Gerchick Real Estate |
Description:
Eight-unit Phoenix multifamily investment under one Absolute NNN master lease. Offered at $1,625,000 with current Year-2 base rent and NOI of $127,200, a 7.83% cap rate. Six 1BR and two 2BR units across three buildings. Tenant pays taxes, insurance, utilities and operating expenses. Lease runs through 8/31/2030 with $100 monthly base-rent increases at each remaining lease-year anniversary, two five-year options, a personal guarantee and first right of refusal. Interior renovations, gated courtyard, on-site laundry and three storage rooms enhance the property. No seller financing. Do not disturb tenants. Buyer to verify all information.
Property Location:
Listed By: Gerchick Real Estate | Linda Gerchick, CCIM, Designated Broker 602-688-9279
Source: ARMLS
All information should be verified by the recipient, and none is guaranteed as accurate by ARMLS.
