Phoenix Homes with No Carry New Financing

Phoenix Homes with No Carry New Financing

Welcome to Phoenix, Arizona – a vibrant city where the sun shines nearly every day of the year, and a rich tapestry of culture, outdoor adventures, and modern conveniences awaits. As the state capital and the fifth-largest city in the United States, Phoenix is renowned for its stunning desert landscapes, sprawling golf courses, and a booming real estate market that attracts families, professionals, and retirees alike.

Nestled in Maricopa County, Phoenix offers a unique blend of urban sophistication and natural beauty. With a diverse array of neighborhoods, from the trendy arts district of Roosevelt Row to the family-friendly suburbs of Ahwatukee, there’s a perfect home for everyone. Residents enjoy a plethora of amenities, including world-class dining, shopping, and entertainment, alongside breathtaking hiking trails and picturesque parks.

One of the exciting opportunities in Phoenix real estate is the availability of homes with no carry new financing options. This means that buyers can explore a range of properties without the burden of complicated financing arrangements, making homeownership more accessible than ever. Whether you’re seeking a sleek downtown condo or a spacious family home in a quiet community, the Phoenix market is ripe with possibilities.

Embrace the warm Arizona sun and the welcoming spirit of Phoenix. With its robust economy, excellent schools, and a plethora of recreational activities, this city is not just a place to live; it’s a lifestyle. Discover your dream home in Phoenix today and experience all that this extraordinary city has to offer!

Newest Phoenix Homes with No Carry New Financing

6 Beds ⋅ 4 Baths ⋅ 7071032 MLS

Amazing investment opportunity to own this brand-new duplex! Each unit features 3 bedrooms and 2 bathrooms with high-end finishes throughout, including stainless steel appliances, luxury vinyl flooring, quartz countertops in the kitchens and bathrooms, and brand-new stackable washer/dryers. Each unit also includes a covered parking space, with additional guest parking available. A turfed common area between the buildings provides a great space for pets and outdoor enjoyment. Perfect for a first-time homebuyer looking to house hack or an investor seeking a low-maintenance property with a desirable unit mix, luxury finishes, and strong cash flow potential.

4037 S 12th Street, Phoenix

6 Beds ⋅ 4 Baths ⋅ 7070756 MLS

Great investment opportunity in the heart of Phoenix! Features 4 units: a 2-bedroom/1-bath home with front and back yards and a driveway rented at $1,550/month, plus 3 units in a separate building--a studio ($950/month), 1-bedroom/1-bath ($1,000/month), and 2-bedroom/1-bath ($1,500/month). Total rents are $5,000/month. New roof in 2021. New exterior paint in 2026. Tenants pay gas/electric. Owner pays water, sewer, and trash. Drive by only. Do NOT disturb tenants. Property will be shown after accepted LOI/Contract.

2228 N 20th Street, Phoenix

6 Beds ⋅ 4 Baths ⋅ 7069832 MLS

Extremely rare newer vintage duplex on over 0.5 acre parcel with the opportunity of adding additional units, McKinley II presents a unique value-add multifamily offering. Built in 2004 and consisting of 2 oversized 3-bed, 1-bath floorplans averaging 1,100 SF, future ownership will have the opportunity to complete a renovation program to capture rent premiums already achieved in the the market and build additional unit(s) on the parcel. Alternatively, the property is well positioned for an owner-occupied investment approach. ***PROPERTY IS CURRENTLY VACANT. LEASING WILL COMMENCE BY MID-SEPTEMBER.

2142 E Mckinley Street, Phoenix

4 Beds ⋅ 2 Baths ⋅ 7069799 MLS

Uniquely located immediately behind Phoenix Children's Hospital just west of the SR-51 Freeway, Cambridge II presents a unique value-add duplex offering. Built in 1986 and consisting of 2 x 2-bed, 1-bath floorplans averaging 672 SF, future ownership will have the opportunity to complete a renovation program to capture rent premiums already achieved in the the market. Alternatively, the property is positioned well for short-term renting for traveling nurses (given it's proximity to Phoenix Children's Hospital) and/or an owner-occupied investment approach. ***PROPERTY IS CURRENTLY VACANT. LEASING WILL COMMENCE BY MID-SEPTEMBER.

1702 E Cambridge Avenue, Phoenix

40 Beds ⋅ 40 Baths ⋅ 7069727 MLS

2121 W Adams Street, Phoenix

2 Beds ⋅ 2 Baths ⋅ 7069355 MLS

Excellent multifamily opportunity in the Oakland Historic District near Downtown Phoenix. This duplex features two 1 bedroom / 1 bathroom units, each offering 525 square feet with hardwood floors and functional living space. Both units include their own washer and dryer on separate sides of the building, providing added convenience for residents. The property is fully fenced with parking inside the fencing and sits on a generous 6,375 square foot lot with a large backyard. Additional property features include individually metered electricity, concrete tilt-up frame construction, and R-5 zoning with county multifamily high-density zoning. Conveniently located near Downtown Phoenix, ASU Downtown, light rail, and area amenities, this property offers strong rental appeal and excellent long term investment potential.

1513 W Taylor Street Unit A and B, Phoenix

4 Beds ⋅ 4 Baths ⋅ 7067660 MLS

1625 W Fillmore St is a 4-unit property being sold together with the parcel next door at 1629 W Fillmore St, for a combined 8-unit transaction. All units are 1-bed/1-bath, individually metered for electric, and 100% occupied. 1625 was rebuilt in 2023 with permits, including new roof, HVACs, electrical panels, and sewer line. 1629 features three units with updated kitchens and appliances plus two new HVAC systems. Value-add opportunity to increase rents to market rate on the next turn of leases. Laundry facility on-site & covered parking for each unit. Centrally located near Downtown Phoenix, ASU's Downtown campus, and the Roosevelt Row Arts District, with easy access to I-10 and I-17 and minutes from Sky Harbor Airport.

1625 W Fillmore Street, Phoenix

4 Beds ⋅ 4 Baths ⋅ 7067657 MLS

1629 W Fillmore St is a 4-unit property being sold together with the parcel next door at 1625 W Fillmore St, for a combined 8-unit transaction. All units are 1-bed/1-bath, individually metered for electric, and 100% occupied. 1625 was rebuilt in 2023 with permits, including new roof, HVACs, electrical panels, and sewer line. 1629 features three units with updated kitchens and appliances plus two new HVAC systems. Value-add opportunity to increase rents to market rate on the next turn of leases. Laundry facility on-site & covered parking for each unit. Centrally located near Downtown Phoenix, ASU's Downtown campus, and the Roosevelt Row Arts District, with easy access to I-10 and I-17 and minutes from Sky Harbor Airport.

1629 W Fillmore Street, Phoenix

8 Beds ⋅ 4 Baths ⋅ 7062340 MLS

The 15th Street fourplex consists of four 2-bedroom, 1-bath units, each approximately 650 square feet. Average rents are $1,107 per unit, producing gross annual income of approximately $53,160. Operating expenses are low, with the owner responsible only for water, sewer, and trash. Three of the four units have been renovated, and two HVAC systems have been replaced within the last 2-4 years. Located in the highly desirable Garfield Historic District, the property offers historic charm, excellent walkability, and close proximity to Roosevelt Row, making it an attractive investment with strong long-term upside in one of downtown Phoenix's most sought-after neighborhoods.

377 N 15th Street, Phoenix

10 Beds ⋅ 8 Baths ⋅ 7061722 MLS

8939 N 8th Street offers investors the opportunity to acquire a fully leased, eight-unit multifamily property operating under a five-year Absolute NNN master lease with an established tenant. The lease provides predictable income, annual rent increases and minimal landlord responsibilities. The tenant has demonstrated exceptional reliability by consistently paying rent on time, carefully maintaining the property and investing its own funds into exterior painting and landscaping. These tenant-funded improvements have further enhanced the property's curb appeal and long-term value. Financial Highlights Asking Price: $1,625,000 Actual Year 2 Cap Rate: 7.83% Year 2 Base Rent: $10,600 per month Annual Base Rent: $127,200 Annual Tax and Insurance Reimbursements: $12,577.32 Total Annual Lease Payment: $139,777.32 Scheduled Annual Base-Rent Increase: $1,200 Price Per Unit: $203,125 September 1, 2026 payment received Lease Highlights Five-year Absolute NNN master lease Initial lease term: September 1, 2025 through August 31, 2030 Approximately four years remain on the initial lease term Base rent increases by $100 per month at the beginning of each remaining lease year Two additional five-year renewal options Personal guarantee First right of refusal Tenant responsible for property taxes, insurance, utilities, maintenance and day-to-day property operations Property Details The property contains eight residential units consisting of: Six one-bedroom/one-bathroom units Two two-bedroom/one-bathroom units On-site laundry room Three separate storage rooms Appliances in every unit Gated access and privacy wall Attractive paver patio with television and electrical outlets Approximately 4,461 square feet of building area The former office has been converted into the eighth residential unit, creating a complete eight-unit residential configuration with no remaining office space. Renovations and Improvements The property underwent extensive interior renovations in 2024, including improvements to the apartment interiors and bathrooms. Additional property improvements include: Exterior painting completed by the tenant Landscaping improvements completed by the tenant Updated apartment interiors Renovated bathrooms Security gate Privacy wall Paver patio Updated mailboxes Well-maintained common areas Investment Opportunity This offering combines an Absolute NNN lease, an actual 7.83% Year 2 cap rate, contractual rent growth and a tenant that actively reinvests in the property. A recent appraisal supports the asking price, providing additional documentation for prospective investors.

8939 N 8th Street, Phoenix

6 Beds ⋅ 6 Baths ⋅ 7060894 MLS

9.74% Day-One Cap Rate--Exceptional Yield for a Single-Family Investment Absolute NNN Lease Structure--Tenant Reimburses Property Taxes and Insurance Contractual Annual Rent Increases Throughout the Initial Five-Year Lease Term Projected Cap Rate Increases to Approximately 10.43% by Year Five Newly Executed Lease Provides Contractual Rental Income Through December 2030 Tenant's Lease Obligations Are Supported by a Personal Guarantee More Than $40,000 in Recent Renovations and Capital Improvements Predictable Rental Income Backed by Phoenix Residential Real Estate Built-In Income Growth Without Renovation, Repositioning, or Intensive Management Rare Combination of a Double-Digit Forward Cap Rate and Residential Real Estate ABSOLUTE NNN SINGLE-TENANT INVESTMENT 5-Year Lease | Built-In Rental Growth | 9.74% Year 1 Cap Rate POSITIONING Bond-Like Income Secured by Real Estate Absolute Triple NNN lease structure Newly executed 5-year lease commencing January 1, 2026 Personal guarantee Two additional 5-year renewal options Monthly base rent increases by $100 each year Tenant's first right of refusal ASKING PRICE: $695,000 EXECUTIVE SUMMARY Gerchick Real Estate is pleased to present a fully stabilized, single-tenant Absolute NNN investment secured by a newly executed 5-year lease. In addition to base rent, the tenant reimburses the landlord for property taxes and insurance, creating a predictable and largely passive income stream. This investment offers: Immediate cash flow Contractual annual rent growth Minimal landlord responsibility Personal guarantee Long-term renewal potential Strong initial and forward yields The property's value is driven by its contractual income stream. This is not an owner-occupant comparable-sale opportunity--it is a yield-focused real estate acquisition. FINANCIAL OVERVIEW Year 1 Income Base Rent: $5,200 per month NNN Reimbursements: $440.25 per month Total Monthly Income: $5,640.25 Total Annual Income: $67,683 Year 1 Cap Rate Purchase Price: $695,000 $67,683 ÷ $695,000 = 9.74% YEAR 1 CAP RATE: 9.74% FORWARD YIELD GROWTH Lease Year Annual Income Yield on Original Purchase Price Year 1 $67,683 9.74% Year 2 $68,883 9.91% Year 3 $70,083 10.08% Year 4 $71,283 10.26% Year 5 $72,483 10.43% By Year 5, the annual yield increases to approximately 10.43% based on the original $695,000 purchase price. FIVE-YEAR CASH-FLOW PROJECTION Assuming an all-cash purchase at $695,000: Lease Year Projected Gross Income Year 1 $67,683 Year 2 $68,883 Year 3 $70,083 Year 4 $71,283 Year 5 $72,483 Total $350,415 TOTAL PROJECTED FIVE-YEAR GROSS INCOME: $350,415 The projected five-year gross income equals approximately 50.42% of the purchase price, providing investors with the potential to recover more than half of the original acquisition cost through gross income during the initial lease term alone. LEASE ABSTRACT Lease commencement: January 1, 2026 Initial lease term: 5 years Renewal options: Two additional 5-year terms Base-rent increases: $100 per month annually Guarantee: Personal guarantee First right of refusal: Provided to tenant Property taxes: Reimbursed by tenant Property insurance: Reimbursed by tenant Lease structure: Absolute NNN INVESTMENT THESIS Why This Asset Performs Attractive 9.74% initial cap rate Contractual annual rent increases Forward yield exceeding 10% beginning in Year 3 Personal guarantee helps reduce investment risk Minimal ongoing management burden Annual increases provide a hedge against inflation Strong Phoenix location Potential for future cap-rate compression Contractual income secured by underlying real estate Two additional 5-year renewal options This structure may appeal to private investors, 1031 exchange buyers, family offices, and yield-focused purchasers seeking stable real estate income without the management demands of a traditional residential rental. BUYER REQUIREMENTS The Seller recognizes that traditional residential appraisal methodology may not fully reflect the value of the property's contractual income stream. All offers must: Be submitted as an all-cash purchase; or Waive the appraisal contingency; and Include acceptable proof of funds This is an income-driven acquisition. DISCLAIMER All information contained herein has been obtained from sources deemed reliable but is not guaranteed. Buyer shall independently verify all information, including but not limited to lease terms, rental income, reimbursements, expenses, property condition, zoning, square footage, and all other material facts.

1927 E Crocus Drive, Phoenix

6 Beds ⋅ 50 Baths ⋅ 7060645 MLS

These 2 NEW BUILD single family homes or on 1 lot. 1 APN number, same financing as a duplex. Come and see these amazing 3 BR 2.5 bath single family homes. 20 Foot Ceilings, Luxury flooring, modern kitchen and so much more. Backyards over 1000 SF. Garage for 2 cars plus driveway for more. Balcony on front and back makes these contemporary homes and amazing purchase, especially for a first time investor! No HOA! so much more to see.

2051 E Michigan Avenue E Unit 1, Phoenix

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