Phoenix Homes with Other Parking Features

Phoenix Homes with Other Parking Features

Welcome to Phoenix, Arizona, a vibrant city that seamlessly blends the allure of the desert with the comforts of modern living. As the state capital and the fifth most populous city in the United States, Phoenix is a thriving hub known for its stunning landscapes, rich cultural heritage, and an array of outdoor activities. With over 300 sunny days a year, residents enjoy a warm climate that invites them to explore the breathtaking hiking trails of the nearby Camelback Mountain or relax in one of the many picturesque parks.

Located in Maricopa County, Phoenix boasts a diverse real estate market that caters to a variety of lifestyles and preferences. Whether you're seeking a contemporary condo downtown or a spacious family home in the suburbs, you'll find an impressive selection of properties to choose from. One standout feature of many homes in the area is their unique parking options, which cater to the needs of residents who value convenience and accessibility.

Homes with additional parking features are prevalent in Phoenix, offering residents the flexibility to accommodate multiple vehicles, recreational toys, or guest parking. Whether you need a spacious garage, a carport, or a dedicated driveway, you'll find plenty of options that enhance your living experience.

In Phoenix, you're not just investing in a home; you're embracing a lifestyle filled with adventure, culture, and community. Discover the charm of this dynamic city and find the perfect home that suits your needs and aspirations. Welcome to your new beginning in Phoenix!

Newest Phoenix Homes with Other Parking Features

8939 N 8th Street, Phoenix
$1,550,000
10 Beds ⋅ 8 Baths ⋅ 7061722 MLS
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 8.21% 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. Acquire eight residences supported by a single Absolute NNN master lease in Phoenix's Sunnyslope/North Mountain area. The property includes six one-bedroom/one-bath units and two two-bedroom/one-bath units in three one-story buildings. Reported building area is approximately 4,461 SF on approximately 14,257 SF of land. The initial lease began September 1, 2025 and expires August 31, 2030. Current Year-2 base rent, effective September 1, 2026, is $10,600 monthly or $127,200 annually. Annual NNN reimbursements total $12,577.32, comprising $4,040.40 for taxes and $8,536.92 for insurance. Total annual rent plus reimbursements is $139,777.32. Matching reimbursed expenses are $12,577.32, leaving $127,200 NOI and a 8.21% cap rate at the $1,550,000 asking price. These are annualized current lease-year figures. Monthly base rent increases to $10,700 on September 1, 2027, $10,800 on September 1, 2028 and $10,900 on September 1, 2029. Year-5 annual base rent is $130,800. cap rate at the current asking price under the stated NNN structure. Two five-year renewal options, a personal guarantee and a first right of refusal are reported. Renewal options are not exercised lease terms. Features include extensive 2024 interior renovations, tenant-funded exterior paint and landscaping, gated access, a privacy wall, paver courtyard, an on-site laundry room and three storage rooms. Nearby services include healthcare, public transportation, shopping and North Mountain recreation. Seller financing is not available. Please do not disturb residents. Complete tenant leases are provided only after the property is under contract to protect tenant privacy. Disclaimer: Information is believed reliable but is not guaranteed. Buyer must independently verify all facts, figures, income, expenses, leases, occupancy, measurements, condition, zoning and permitted uses. Pro forma rents, returns and financing illustrations are estimates, not guarantees. Offering is subject to errors, omissions, prior sale, changes in price or terms and withdrawal without notice.

8939 N 8th Street, Phoenix

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