Phoenix Homes with See Remarks Community Features

Phoenix Homes with See Remarks Community Features

Welcome to Phoenix, Arizona – a vibrant city that perfectly blends the allure of the desert with the conveniences of urban living. Nestled in Maricopa County, Phoenix is known for its stunning desert landscapes, year-round sunshine, and a rich cultural tapestry that attracts residents and visitors alike. With a population that continues to grow, this dynamic city offers a range of amenities, outdoor activities, and a thriving economy, making it an ideal place to call home.

One of the standout features of living in Phoenix is the variety of communities available, including those that boast remarkable community features. Homes within the See Remarks community are designed with the modern homeowner in mind, offering a harmonious blend of comfort, style, and convenience. Residents enjoy access to beautifully landscaped parks, state-of-the-art fitness centers, and inviting community pools that are perfect for relaxation and socializing.

Moreover, the See Remarks community fosters a sense of belonging, with organized events and activities that encourage neighbors to connect and create lasting friendships. Whether you're an outdoor enthusiast seeking hiking trails and biking paths or a foodie eager to explore local dining options, Phoenix has it all.

With its warm climate, diverse neighborhoods, and a plethora of recreational opportunities, Phoenix stands out as a premier destination for those looking to invest in a home that offers not just a place to live, but a lifestyle to embrace. Discover the charm of Phoenix and the welcoming embrace of the See Remarks community – your new beginning awaits!

Newest Phoenix Homes with See Remarks Community Features

$1,625,000
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

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