Phoenix Homes with No Carry New Financing

Phoenix Homes with No Carry New Financing

Welcome to Phoenix, Arizona – a vibrant oasis in the heart of Maricopa County, where the sun shines bright over stunning desert landscapes and a rich tapestry of culture and community. Known for its warm climate, Phoenix is not just the state capital; it’s a thriving metropolis that combines the charm of the Southwest with modern amenities and conveniences.

Phoenix boasts a diverse array of neighborhoods, each offering its own unique character and appeal. From the bustling downtown with its chic restaurants and art galleries to the tranquil suburbs adorned with picturesque parks, there’s something for everyone in this dynamic city. Outdoor enthusiasts will revel in the abundance of hiking trails, golf courses, and breathtaking desert scenery that surrounds the area, while sports fans can cheer for the Phoenix Suns or Arizona Diamondbacks at their respective arenas.

For those seeking to invest in a home without the complexities of carry new financing, Phoenix presents an excellent opportunity. The real estate market here is booming, with a variety of properties available that cater to different lifestyles and budgets. Whether you’re looking for a cozy bungalow or a modern family home, you can find an array of options that allow for seamless purchasing without the hassle of carry financing.

With its thriving economy, excellent schools, and a strong sense of community, Phoenix is not just a place to live; it’s a place to thrive. Explore the possibilities of making this sun-kissed city your new home today!

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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