Phoenix Homes with Free Parking Features

Phoenix Homes with Free Parking Features

Welcome to Phoenix, Arizona, a vibrant city that perfectly blends urban sophistication with breathtaking natural beauty. Nestled in Maricopa County, Phoenix is renowned for its stunning desert landscapes, year-round sunshine, and a rich cultural tapestry that offers something for everyone. Whether you’re an outdoor enthusiast, a foodie, or an art lover, this dynamic city caters to all lifestyles.

One of the standout features of homes in Phoenix is the availability of free parking, a rare gem in many bustling urban areas. Imagine coming home after a long day and effortlessly parking your vehicle without the stress of searching for a spot or incurring additional fees. Many residences in this thriving city come equipped with ample parking options, allowing you to enjoy the convenience and peace of mind that free parking brings.

In addition to the practical benefits, homes with free parking often boast spacious layouts and modern amenities, making them perfect for families, professionals, or anyone seeking a comfortable living space. The neighborhoods in Phoenix are as diverse as its residents, with charming communities featuring parks, schools, and shopping nearby.

Moreover, living in Phoenix means having access to a wealth of recreational activities. From hiking the iconic Camelback Mountain to exploring the vibrant downtown area filled with art galleries and restaurants, the city's offerings are endless.

Whether you’re looking to buy your first home or seeking an investment property, Phoenix's real estate market is thriving. Discover the perfect home with free parking today, and embrace the sunny lifestyle that awaits you in the heart of Arizona!

Newest Phoenix Homes with Free Parking Features

$1,625,000
10 Beds 8 Baths 7061722 MLS
Eight-unit Phoenix multifamily investment under one Absolute NNN master lease. Offered at $1,625,000 with current Year-2 base rent and NOI of $127,200, a 7.83% cap rate. Six 1BR and two 2BR units across three buildings. Tenant pays taxes, insurance, utilities and operating expenses. Lease runs through 8/31/2030 with $100 monthly base-rent increases at each remaining lease-year anniversary, two five-year options, a personal guarantee and first right of refusal. Interior renovations, gated courtyard, on-site laundry and three storage rooms enhance the property. No seller financing. Do not disturb tenants. Buyer to verify all information. Acquire eight residences supported by a single Absolute NNN master lease in Phoenix's Sunnyslope/North Mountain area. The property includes six one-bedroom/one-bath units and two two-bedroom/one-bath units in three one-story buildings. Reported building area is approximately 4,461 SF on approximately 14,257 SF of land. The initial lease began September 1, 2025 and expires August 31, 2030. Current Year-2 base rent, effective September 1, 2026, is $10,600 monthly or $127,200 annually. Annual NNN reimbursements total $12,577.32, comprising $4,040.40 for taxes and $8,536.92 for insurance. Total annual rent plus reimbursements is $139,777.32. Matching reimbursed expenses are $12,577.32, leaving $127,200 NOI and a 7.83% cap rate at the $1,625,000 asking price. These are annualized current lease-year figures. Monthly base rent increases to $10,700 on September 1, 2027, $10,800 on September 1, 2028 and $10,900 on September 1, 2029. Year-5 annual base rent is $130,800, equivalent to an 8.05% cap rate at the current asking price under the stated NNN structure. Two five-year renewal options, a personal guarantee and a first right of refusal are reported. Renewal options are not exercised lease terms. Features include extensive 2024 interior renovations, tenant-funded exterior paint and landscaping, gated access, a privacy wall, paver courtyard, an on-site laundry room and three storage rooms. Nearby services include healthcare, public transportation, shopping and North Mountain recreation. Seller financing is not available. Please do not disturb residents. Complete tenant leases are provided only after the property is under contract to protect tenant privacy. Disclaimer: Information is believed reliable but is not guaranteed. Buyer must independently verify all facts, figures, income, expenses, leases, occupancy, measurements, condition, zoning and permitted uses. Pro forma rents, returns and financing illustrations are estimates, not guarantees. Offering is subject to errors, omissions, prior sale, changes in price or terms and withdrawal without notice.

8939 N 8th Street, Phoenix

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