Phoenix Homes with Free Parking Features

Phoenix Homes with Free Parking Features

Welcome to Phoenix, Arizona, a vibrant city nestled in the heart of Maricopa County. Known for its stunning desert landscapes, year-round sunshine, and a rich cultural tapestry, Phoenix offers a unique blend of urban sophistication and outdoor adventure. With a population of over 1.7 million, it is one of the fastest-growing cities in the United States, making it an exciting place to call home.

In Phoenix, you’ll discover a diverse range of neighborhoods, each brimming with character and charm. From the bustling downtown area, filled with trendy restaurants and art galleries, to the serene suburbs that boast beautiful parks and family-friendly amenities, there's something for everyone. The city is also renowned for its outdoor activities, with numerous hiking trails, golf courses, and stunning vistas just waiting to be explored.

When it comes to finding your perfect home in Phoenix, you’ll be delighted to know that many properties come equipped with the highly sought-after feature of free parking. This is a significant advantage, especially in a city where accessibility and convenience are paramount. Whether you’re looking for a cozy apartment in the heart of the city or a spacious single-family home in a tranquil neighborhood, you can enjoy the peace of mind that comes with having your own dedicated parking space.

Embrace the Phoenix lifestyle and explore the diverse real estate options available, where comfort meets convenience. Your new home with free parking awaits in this beautiful desert oasis!

Newest Phoenix Homes with Free Parking Features

$1,550,000
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 8.21% 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 8.21% cap rate at the $1,550,000 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. 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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