Phoenix Homes with No Carry New Financing

Phoenix Homes with No Carry New Financing

Welcome to Phoenix, Arizona – the vibrant heart of the Southwest! Nestled in Maricopa County, this sprawling city boasts a unique blend of urban sophistication and breathtaking natural beauty. With its stunning desert landscapes, year-round sunshine, and a rich cultural tapestry, Phoenix is not just a place to live; it’s a lifestyle waiting to be embraced.

Phoenix is renowned for its diverse neighborhoods, each offering a unique flavor and charm. From the bustling downtown area filled with trendy eateries and art galleries to the serene suburbs adorned with lush parks and family-friendly amenities, there’s a perfect spot for everyone. The city’s strong economy, fueled by sectors such as technology, healthcare, and tourism, ensures ample job opportunities and a bright future for its residents.

For homebuyers seeking a seamless purchasing experience, Phoenix presents an attractive option with homes available that feature no carry new financing. This means you can step into your dream home without the hassle of traditional financing hurdles. Whether you’re looking for a chic modern condo with sweeping city views or a cozy single-family home nestled in a quiet neighborhood, the Phoenix real estate market has something to offer every buyer.

Imagine waking up to the stunning sunrises over the mountains, enjoying outdoor adventures in the nearby Sonoran Desert, and experiencing the warmth of community that Phoenix residents cherish. With its appealing climate, vibrant culture, and welcoming neighborhoods, Phoenix is more than just a city – it’s a place where you can truly thrive. Come explore your future in this dynamic desert oasis!

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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