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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

• Nearly 8% Day-One Yield — In a Single-Family Asset Class • Absolute NNN — Zero Landlord Expense Exposure to Taxes & Insurance
• Contractual Rent Growth Locked In for 5 Years • 8.53% Yield on Cost by Year 5 — Without Repositioning Risk
• Freshly Executed Lease — Income Secured Through 2030 • Personal Guarantee Backing the Lease Obligation
• Over $40K in Renovations — Capital Risk Already Absorbed • Bond-Like Income Stream Backed by Hard Real Estate
• Structured Upside Without Operational Intensity
• Rare Opportunity: Institutional Yield in a Residential Wrapper

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