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About the Listing gerc01 - lg056
Turn-Key, Hands-Off Investment with Proven Operator | Phoenix, AZ This is a rare, fully leased, NNN investment opportunity ideal for investors seeking predictable cash flow with zero day-to-day landlord responsibilities. The property is a 4-bedroom, 3-bathroom home with a pool, operating successfully as a licensed transitional housing facility with a strong, experienced tenant and documented operating history. The Seller has invested approximately $40,000 in recent upgrades, resulting in a modern, well-maintained, and highly functional property. With the tenant fully in place and operations stabilized, this offering is perfect for a truly passive investor. Important to see supplement The property is secured by a 5-year NNN lease at $5,200 per month, with annual rent escalations of $1,200 per year in Years 2 through 5, providing built-in income growth. The lease also includes two (2) additional 5-year renewal options, offering long-term stability and downside protection. Landlord Responsibilities: NONE. The tenant is responsible for prorated property taxes, insurance, utilities, pool maintenance, property upkeep, and all operational expenses, allowing ownership to enjoy hands-off income with no management burden. Backed by a tenant with a very strong track record, this investment delivers durable cash flow, annual rent growth, and long-term lease securityan ideal solution for investors prioritizing stability, simplicity, and predictability. Why This Works for Investors Fully leased, stabilized NNN investment Annual rent escalations already built into the lease Two 5-year renewal options for long-term income Experienced, credit-worthy tenant with a strong operating history No landlord responsibilities truly passive ownership Recent capital improvements already completed Immediate cash flow with upside escalations are $100/month each year (=$1,200/year), then the rent schedule is: Year 1: $5,200/mo Year 2: $5,300/mo Year 3: $5,400/mo Year 4: $5,500/mo Year 5: $5,600/mo Assuming this is true NNN (rent H NOI because tenant covers the expenses), here are the cap rates on a $850,000 price: Cap Rate by Year (Price = $850,000) Year Monthly Rent Annual NOI Cap Rate 1 $5,200 $62,400 7.34% 2 $5,300 $63,600 7.48% 3 $5,400 $64,800 7.62% 4 $5,500 $66,000 7.76% 5 $5,600 $67,200 7.91%
Listing Highlights
Status
Pending
Days on Site
5
Property Type
Multi-Family
MLS ®
6971140
Year Built
1986
Total Square Footage
0
Lot/Acreage
N/A
Interior Details
- Bedrooms: 6
- Bathrooms: 1 Full
- Appliances:
- Air Cond: Ceiling Fan(s),Heat Pump,Individual
- Heating: Individual,Heat Pump
- Fireplaces:
- Floor: Ceramic Tile
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Individual Meter
Exterior Details
- Garage Capacity: N/A
- Roof: Tile
- Others:
- Sewer: Public Sewer
- Parking Features: Garage Door Opener,>1 Space Per Unit,On Street
Financial Details
- Tax Amount: $2,590
- Taxes w/Assessments: N/A
- Tax/Property ID: 214-50-196
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
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Questions About..
1927 E Crocus Dr Phoenix, AZ 85022
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