Phoenix Homes with No Carry New Financing

Phoenix Homes with No Carry New Financing

Welcome to Phoenix, Arizona – a vibrant city that perfectly blends the beauty of the Southwest with a thriving urban landscape. Nestled in Maricopa County, Phoenix is known for its stunning desert scenery, year-round sunshine, and a rich cultural tapestry that attracts residents and visitors alike. With a population that continues to grow, this dynamic city offers a unique lifestyle that combines outdoor adventure, entertainment, and a strong sense of community.

Phoenix is a haven for those seeking homes with no carry new financing options. This means that buyers can enjoy the benefits of straightforward purchasing without the complexities of traditional financing. Imagine stepping into your new home with ease, ready to embrace all that this incredible city has to offer. Whether you’re looking for a modern condo in the heart of downtown or a charming single-family home in a quiet neighborhood, Phoenix has something for everyone.

The city is renowned for its outdoor activities, with stunning hiking trails, golf courses, and parks that invite you to explore the natural beauty of the Sonoran Desert. The vibrant arts scene, delicious culinary offerings, and an array of sporting events make Phoenix a lively place to call home. Plus, with a strong economy and diverse job opportunities, it’s no wonder that so many are choosing to settle in this sun-kissed city.

Discover the joys of living in Phoenix, where your dream home awaits, and the possibilities are endless. Embrace a lifestyle filled with sunshine, adventure, and community spirit!

Newest Phoenix Homes with No Carry New Financing

$1,625,000
10 Beds 8 Baths 7061722 MLS
8939 N 8th Street offers investors the opportunity to acquire a fully leased, eight-unit multifamily property operating under a five-year Absolute NNN master lease with an established tenant. The lease provides predictable income, annual rent increases and minimal landlord responsibilities. The tenant has demonstrated exceptional reliability by consistently paying rent on time, carefully maintaining the property and investing its own funds into exterior painting and landscaping. These tenant-funded improvements have further enhanced the property's curb appeal and long-term value. Financial Highlights Asking Price: $1,625,000 Actual Year 2 Cap Rate: 7.83% Year 2 Base Rent: $10,600 per month Annual Base Rent: $127,200 Annual Tax and Insurance Reimbursements: $12,577.32 Total Annual Lease Payment: $139,777.32 Scheduled Annual Base-Rent Increase: $1,200 Price Per Unit: $203,125 September 1, 2026 payment received Lease Highlights Five-year Absolute NNN master lease Initial lease term: September 1, 2025 through August 31, 2030 Approximately four years remain on the initial lease term Base rent increases by $100 per month at the beginning of each remaining lease year Two additional five-year renewal options Personal guarantee First right of refusal Tenant responsible for property taxes, insurance, utilities, maintenance and day-to-day property operations Property Details The property contains eight residential units consisting of: Six one-bedroom/one-bathroom units Two two-bedroom/one-bathroom units On-site laundry room Three separate storage rooms Appliances in every unit Gated access and privacy wall Attractive paver patio with television and electrical outlets Approximately 4,461 square feet of building area The former office has been converted into the eighth residential unit, creating a complete eight-unit residential configuration with no remaining office space. Renovations and Improvements The property underwent extensive interior renovations in 2024, including improvements to the apartment interiors and bathrooms. Additional property improvements include: Exterior painting completed by the tenant Landscaping improvements completed by the tenant Updated apartment interiors Renovated bathrooms Security gate Privacy wall Paver patio Updated mailboxes Well-maintained common areas Investment Opportunity This offering combines an Absolute NNN lease, an actual 7.83% Year 2 cap rate, contractual rent growth and a tenant that actively reinvests in the property. A recent appraisal supports the asking price, providing additional documentation for prospective investors.

8939 N 8th Street, Phoenix

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