Phoenix Homes with On Street Parking Features

Phoenix Homes with On Street Parking Features

Welcome to Phoenix, Arizona, a vibrant city that perfectly blends urban sophistication with the warmth of the desert landscape. Nestled in Maricopa County, Phoenix is renowned for its stunning sunsets, diverse culture, and an array of outdoor activities. With over 300 days of sunshine each year, residents enjoy a lifestyle filled with adventure, from hiking the scenic trails of South Mountain Park to exploring the rich history of the Desert Botanical Garden.

For those seeking a home in this sun-soaked city, you’ll find a variety of properties that cater to your lifestyle needs. One of the standout features of many homes in Phoenix is the availability of on-street parking. This is especially beneficial in a city where outdoor gatherings and community events are a way of life. Imagine hosting barbecues with friends or enjoying a quiet evening under the stars, all while having the convenience of easy parking right outside your door.

Phoenix’s neighborhoods are as diverse as its residents, offering everything from charming historic districts to modern developments. Whether you’re drawn to the bustling energy of downtown or the serene surroundings of the suburbs, you’ll find homes that not only provide comfort but also a sense of community. With ample on-street parking, you can enjoy the freedom of inviting friends and family over without the stress of parking woes.

Experience the charm of Phoenix, where each neighborhood tells a story, and your dream home awaits. Embrace the sun, the warmth, and the welcoming spirit of this beautiful city!

Newest Phoenix Homes with On Street Parking Features

6 Beds ⋅ 6 Baths ⋅ 7060894 MLS

* **9.74% Day-One Cap Rate -- Exceptional Yield in a Single-Family Asset** * **Absolute NNN Structure -- Tenant Reimburses Property Taxes and Insurance** * **Contractual Rental Growth Built Into the Initial 5-Year Lease Term** * **Forward Yield Increases to Approximately 10.43% by Year 5** * **Newly Executed Lease Provides Contractual Income Through 2030** * **Personal Guarantee Supports the Tenant's Lease Obligations** * **More Than $40,000 in Recent Renovations and Capital Improvements** * **Predictable Income Stream Secured by Phoenix Real Estate** * **Built-In Upside Without Renovation, Repositioning, or Intensive Management** * **Rare Combination of Double-Digit Forward Yield 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

Desert Jewel is an 11-unit, garden-style apartment community built in 1960 and renovated in 2017, located in the highly desirable Arcadia-Lite submarket of Phoenix. The property is individually metered for electricity and offers ample resident parking, including a covered carport. The unit mix consists of (2) 1-bed/1-bath, (2) 2-bed/1-bath, and (7) 2-bed/2-bath units averaging 823 SF. Current interior renovations feature stainless steel appliances, kitchen islands, updated light fixtures, and in-suite washer & dryer. A light value-add opportunity remains through exterior renovations. Ideally positioned just minutes from Biltmore Fashion Park, Camelback Mountain hiking trails, Biltmore Golf Club, and Downtown Phoenix. Seller recently replaced underground sewer line.

2947 N 39th Street, Phoenix

hree at Taylor Located in the heart of the rapidly revitalizing Phoenix, this well-positioned triplex offers an exceptional opportunity for both investors and owner-occupants seeking strong rental demand and long-term appreciation. Situated in the desirable Garfield Historic District area, the property benefits from its proximity to downtown employment hubs, dining, arts, and entertainment. The property features one 2 bedroom and two 1 bedroom units , providing diversified income potential in one of Phoenix's most active rental corridors. Tenants enjoy convenient access to Arizona State University's downtown campus, major medical centers including Banner - University Medical Center Phoenix, and cultural attractions such as the Phoenix Art Museum. Commuting is seamless with nearby acces to the Valley Metro Light Rail, connecting residents throughout the metro area. Currently rented below markets at $925, $950 & one vacant unit Market rents are $1,050 to $1,250 Each unit offers functional layouts with comfortable living spaces, remodeled making the property attractive for long-term tenants or potential short-term rental strategies where permitted. The central location places residents minutes from downtown Phoenix restaurants, nightlife, and employment centers while maintaining the neighborhood charm of one of the city's most established districts. Whether you're expanding a rental portfolio or seeking a property with strong income potential in a high-growth urban market, this triplex presents a compelling opportunity in one of Phoenix's most desirable investment corridors. All facts and figures are approximate buyer verify MLS information

2142 E Taylor Street Unit 1, Phoenix

This turnkey fourplex is located in North Phoenix & features large 915sqft units which are all 2 bed/2 bath. The unit interiors were fully remodeled in 2022 which included: new flooring; new kitchen cabinets & countertops; all new kitchen appliances; new bathroom vanities, plumbing fixtures, & more. The in-suite washers & dryers will also convey. The lower units have private patios & the upper units have private balconies. The lot size is very large and parking is plentiful. Lookout Mountain is nearby as well as the 51 freeway for easy access. Major employers nearby include Paradise Valley Unified School District, North Mountain Medical Center & Walmart Supercenter. The property is not governed by an HOA. Drive by only...please do not disturb tenants.

2726 E Beck Lane, Phoenix

1144 E Yuma St is a 14-unit multifamily property in Phoenix's Central City South neighborhood, built in 1942 and positioned as a value-add opportunity with substantial lease-up potential due to its current low occupancy. The unit mix of studios, one-bedroom units, and a single two-bedroom unit is well suited to the area's workforce renter base, and the property benefits from individually metered utilities. Its location near Downtown Phoenix, Sky Harbor Airport, major freeways, light rail access, and ongoing transit-oriented development supports its appeal to tenants seeking convenience and access to major employment centers.

1144 E Yuma Street E Unit 1-14, Phoenix

Excellent four-unit multifamily investment property in the Phoenix metro area, minutes from Downtown Phoenix and the Sports Center. Updated in 2022, this well-maintained complex offers strong cash-flow potential with estimated annual income of approximately $50,000. Features include four spacious units with separate bedrooms (no studios), tile flooring throughout, in-unit laundry, and all appliances included, including refrigerators, washers, and dryers. Each unit has dedicated storage and assigned parking. Additional highlights include security doors and windows, privacy fencing, no HOA, Phoenix city tax municipality, and eligibility for subsidized housing programs. A low-maintenance, turnkey investment opportunity in a desirable location.

1438 E Adams Street, Phoenix

Step into a century of character ! A Live -Work -Play opportunity in Midtown Phoenix with proven income stream. 2 homes on 1 lot! Multi Generational Living or Student off campus housing - so many options! Built in 1920, this rare International Modern-style residence is one of Phoenix's most compelling live-work-invest opportunities. Nestled in the historic Longview neighborhood adjacent to the storied Idylwild Historic District and the Historic Phoenix Country Club Golf Course. The property is currently operating as a successful short-term and corporate rental, consistently booked by convention-goers and business travelers drawn to Downtown Phoenix year-round. The main house offers 3-bedrooms and 2-bathrooms with a loft (loft is only room on 2nd level) and has been thoughtfully updated while honoring its historic roots. Soaring vaulted ceilings in the great room draw the eye to dramatic skylights that flood the space with natural light, while a striking spiral iron staircase ascends to an open loft - the kind of feature guests photograph and rave about in reviews. The upgraded kitchen leans fully into the industrial aesthetic with an oversized island and breakfast bar. Updated SS appliances, vent hood and modern tile design embellish the walls with open shelving to display your prized serve ware! down the hall, the primary suite features a spanish inspired tiled bathroom with dual vanity, custom tiled shower with glass enclosure and a custom closet organizer. Pay attention to the details- wood panel trim, fun lighting, ceiling fans and an electric wall fireplace to set the ambiance and warm the room! The casita is a game changer! The former 5-car garage was reimagined in 2023 into a polished 2-bedroom, 1-bath casita complete with a spacious living area, oversized kitchenette with island, and in-unit laundry- everything a corporate guest needs for an extended stay. Its private entrance and front patio make it completely independent from the main house. A generous adjacent storage room is already primed for conversion to a 1-car garage -- just add the door. You could live in the casita and rent the main house or rent the casita as side income- or maybe you have extended family, in laws quarters, student housing- the possibilities are endless! The backyard delivers the kind of wow factor that earns five-star reviews. A versatile bonus structure -- game room, she-shed, or private lounge -- features barn-door windows, a built-in bar, true indoor/ outdoor feel, dedicated A/C wall unit, and full electrical. Open it up for a festive indoor-outdoor flow or close it down for a private retreat. The covered patio ties it all together for seamless alfresco entertaining that guests will not forget. The outdoor pergola is complete with fan misting system and party lighting. Are you looking for that urban walkability? This property is walkable to public transit , restaurants and more! Surrounded by some of Phoenix's best dining, this address scores a 10 for urban living. Minutes to Downtown Phoenix's convention center and major corporate destinations, the property draws a consistent stream of professionals, event attendees, and extended-stay guests who return again and again. The adjacent Idylwild and prestigious Phoenix Country Club neighborhood and Crystal Towers Executive Condo complex adds to the area's historic prestige and curb appeal. This property practically runs itself. Its location is a short-term rental operator's dream -walkable to public transit, minutes from Downtown Phoenix's convention center, restaurants, and corporate hubs, and surrounded by the kind of historic charm that commands premium nightly rates. The main house and casita function as completely independent units, offering maximum scheduling flexibility: rent both simultaneously, live in one while renting the other, or continue the turnkey operation as-is. Vacancy is rarely a concern here. Hurry this one is a gem!

1058 E Whitton Avenue, Phoenix

Cochise Drive fourplex consists of ALL 2 Bed/1 Bath units approximately 700 SF Each with washer/dryers, carport, and private yards. Most of the tenants have been their for 3+ years. Current rents: ALL at $1,400. Sewer line down to city line was completely redone. Drive-by only until accepted contract or LOI.

1328 W Cochise Drive, Phoenix

Turnkey income today with exceptional upside for tomorrow. This unique multifamily opportunity features 2 detached single-family homes, each leased at $2,800/mo. and designed with modern finishes that drive strong tenant demand. Tenants pay water, sewer, and electric, keeping operating expenses low while maximizing cash flow. Each residence offers 3 bed, 2.5 bath, attached 2-car garage, open living spaces, quartz countertops, stainless steel appliances, and contemporary design. Future appreciation and income potential are enhanced by the opportunity to add an ADU to each home (buyer to verify). Prime location near the Biltmore Corridor, SR-51, major employers, shopping, and dining. A rare combination of stable income, low expenses, and long-term value-add potential. Drive by only.

2324 E Oak Street, Phoenix

Rare opportunity to acquire a fully occupied 5 Unit income-producing property consisting of three separate freestanding buildings on one parcel in the rapidly improving Central Phoenix corridor. This property features a diverse unit mix, extensive recent renovations, and long-term tenants paying premium rents. Current Gross Income: $76,560 ($6,380/Mo) Cap Rate: 11+% 2023 Renovations: New flooring, Updated plumbing, Sewer improvements, Interior paint, Exterior paint, Bathroom remodels, Kitchen upgrades. 2025 Improvements: New electrical wiring, New electrical panels with green tags, new addition/extension.

2002 W Jefferson Street, Phoenix

Exceptional investment opportunity featuring a total of seven units, including a single-family residence & eligible for residential financing. This triplex must be sold with the adjacent fourplex (MLS # 7039046), creating a seven-unit investment portfolio. Located near GCU, the freeway, shopping, and other amenities, this property offers strong tenant appeal. The single-family residence features a full-size laundry room. All units were renovated between 2019 and 2020. Improvements include new sewer and water lines, upgraded electrical service, interior and exterior paint, roofs replaced on both triplexes in 2024, and a new roof on the single-family residence in 2020. Well-maintained property with numerous updates throughout. See Documents tab for details. Buyer to verify all information.

2620 W Pierson Street, Phoenix

Exceptional investment opportunity featuring a total of seven units, including a single-family residence & eligible for residential financing. This fourplex must be sold with the adjacent triplex (MLS #7039047), creating a seven-unit investment portfolio. Located near GCU, the freeway, shopping, and other amenities, this property offers strong tenant appeal. The single-family residence features a full-size laundry room. All units were renovated between 2019 and 2020. Improvements include new sewer and water lines, upgraded electrical service, interior and exterior paint, roofs replaced on both triplexes in 2024, and a new roof on the single-family residence in 2020. Well-maintained property with numerous updates throughout. See Documents tab for details. Buyer to verify all information.

2616 W Pierson Street, Phoenix

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