Phoenix Homes with Barbecue Community Features

Phoenix Homes with Barbecue Community Features

Welcome to Phoenix, Arizona – a vibrant city that perfectly blends the beauty of the desert with a bustling urban lifestyle. As the fifth-largest city in the United States, Phoenix is renowned for its stunning year-round sunshine, breathtaking mountain ranges, and a rich cultural scene that invites exploration. From the historic sites of Old Town Scottsdale to the modern art galleries in downtown, this city offers something for everyone.

Nestled in Maricopa County, Phoenix boasts a diverse range of neighborhoods, each with its own unique charm. Whether you're looking for a cozy home in a family-friendly community or a chic loft in the heart of the city, Phoenix has it all. One of the standout features of many homes in this area is the inclusion of barbecue community amenities. Imagine spending your weekends hosting friends and family in your backyard or at a communal barbecue area, surrounded by the warm Arizona sun and stunning desert landscapes.

These barbecue community features not only enhance your living experience but also foster a sense of camaraderie among neighbors. Enjoy the convenience of grilling up your favorite meals while soaking in the vibrant atmosphere of Phoenix. With a plethora of parks, hiking trails, and outdoor activities at your doorstep, your home will be the perfect launchpad for adventure and relaxation alike.

Discover the joy of living in Phoenix, where every day feels like a vacation, and the community spirit is as warm as the sun that shines upon it. Embrace the lifestyle you’ve always dreamed of, complete with the perfect home for entertaining and enjoying life to the fullest.

Newest Phoenix Homes with Barbecue Community Features

8939 N 8th Street, Phoenix
$1,450,000
10 Beds ⋅ 8 Baths ⋅ 7061722 MLS
Price reduced to $1,450,000. Fully occupied Phoenix eight-unit property on one Absolute NNN master lease. Year 2 base rent of $127,200 annually supports an 8.77% lease-basis cap at the new price. Tenant pays taxes, insurance, utilities, maintenance and operations per the lease. Initial term through August 31, 2030, plus two five-year renewal options. Now offered at $1,450,000, 8939 N 8th Street is a fully occupied eight-unit multifamily property in North Phoenix under one Absolute NNN master lease. The property comprises six one-bedroom and two two-bedroom units, with extensive interior renovations completed in 2024. The lease provides $10,600 per month in Year 2 base rent, or $127,200 annually, supporting an 8.77% Year 2 lease-basis cap rate at the new asking price. Base rent increases by $100 per month at the start of each remaining lease year, reaching $130,800 annually in Year 5, equivalent to a 9.02% lease-basis cap rate at the new price. The initial lease runs through August 31, 2030, with two additional five-year renewal options, a personal guarantee and a first right of refusal. Under the Absolute NNN lease, the tenant is responsible for property taxes, insurance, utilities, maintenance and property operations, subject to the executed lease. The property includes three single-story buildings, 12 parking spaces, an on-site laundry room, three storage rooms, gated access and a paver courtyard. Seller financing is unavailable. Cap rates use annual base rent divided by the asking price under the stated lease economics. Tax and insurance reimbursements are excluded from the cap calculation. Buyers should independently verify lease terms, collections, expenses and property information. Executed leases are provided under contract. Please arrange tours through the listing broker. HIGHLIGHTS - New asking price $1,450,000, or $181,250 per unit. - 8.77% Year 2 lease-basis cap on $127,200 in annual base rent. - Absolute NNN master lease across all eight units. - Tenant responsible for taxes, insurance, utilities, maintenance and operations per the lease. - $100 monthly step-up at the start of each remaining lease year. - Initial term through August 31, 2030, plus two five-year renewal options. - Six one-bedroom units and two two-bedroom units. - Extensive 2024 interior renovations, gated courtyard, laundry, storage and 12 parking spaces.

8939 N 8th Street, Phoenix

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