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1927 E Crocus Dr
Phoenix, AZ 85022 North Mountain

$850,000 USD

Specialty For Sale  •  2,019 SF

Property Details

  • Property Type Specialty
  • Total Building Size 2,019 SF
  • Lot Size 0.22 AC
  • Building Class B
  • Year Built 1985
  • Zoning R-1-6
27 Transit Score
29 Walk Score

Highlights

Fully leased NNN investment with zero landlord responsibilities, Strong, experienced tenant with a proven operating track record
Approximately $40,000 in recent capital improvements completed
5-year NNN lease in place with two additional 5-year renewal options, Long-term income security with built-in growth
Initial rent of $5,200/month with contractual $100/month annual increases
7.34% cap rate at acquisition with rising cap on cost each year, Turn-key, stabilized asset ideal for passive investors
Tenant responsible for taxes, insurance, utilities, pool service, and maintenance, Perfect for hands-off buy-and-hold ownership

Property Flyers

Amenities

  • Air Conditioning
  • Smoke Detector

Public Transportation

AirportDriveWalkDistance
Phoenix Sky Harbor International 28 min - 17.6 mi
Phoenix-Mesa Gateway 62 min - 44.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Linda Gerchick 602-688-9279 Gerchick Real Estate
Linda Gerchick 602-688-9279 Gerchick Real Estate