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 the stunning beauty of the desert landscape. As the fifth-largest city in the United States, Phoenix is known for its warm climate, rich cultural heritage, and a plethora of outdoor activities. Nestled in Maricopa County, this sun-soaked metropolis boasts a thriving economy, diverse neighborhoods, and a strong sense of community, making it an ideal place to call home.

One of the standout features of homes in Phoenix is the availability of properties with free parking. In a city where convenience is key, having your own dedicated parking space can significantly enhance your living experience. Whether you're commuting to work, heading out for a day of exploration, or simply returning home after a long day, free parking alleviates the stress of finding a spot in the bustling urban environment.

Phoenix's neighborhoods offer a variety of housing options, from charming single-family homes to modern condos, all designed to cater to different lifestyles and preferences. Many of these homes come equipped with ample parking, allowing you to enjoy the freedom of coming and going without the hassle of parking fees or street restrictions.

Beyond the comforts of home, residents of Phoenix enjoy an array of attractions, from the stunning Desert Botanical Garden to the vibrant arts scene in Roosevelt Row. With its unique blend of culture, convenience, and outdoor adventure, Phoenix is not just a city—it's a lifestyle waiting to be embraced. Discover your perfect home in Phoenix today, where free parking is just one of the many perks of living in this dynamic city!

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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