Phoenix Homes with See Remarks Community Features

Phoenix Homes with See Remarks Community Features

Welcome to Phoenix, Arizona – a vibrant city that perfectly blends urban sophistication with the stunning beauty of the Sonoran Desert. As the fifth-largest city in the United States, Phoenix boasts a rich tapestry of cultural diversity, outdoor adventures, and a thriving economy. With over 300 sunny days a year, residents enjoy an enviable climate that invites year-round outdoor activities, from hiking in the nearby Camelback Mountain to exploring the lush landscapes of Desert Botanical Garden.

Within this dynamic city lies the charming community of Homes with See Remarks, nestled in the heart of Maricopa County. This neighborhood is not just a place to live; it’s a lifestyle. The community features an array of amenities designed to foster connection and recreation, including beautifully landscaped parks, inviting walking trails, and community pools perfect for soaking up the Arizona sun.

The homes within this community reflect a range of architectural styles, from modern designs to classic Southwestern charm. Each residence is thoughtfully designed to enhance comfort and functionality, making it an ideal choice for families, professionals, and retirees alike.

Living in Homes with See Remarks means being part of a close-knit community where neighbors become friends and memories are created. With easy access to local shopping, dining, and entertainment, residents can enjoy the best of Phoenix living while embracing the warmth and hospitality that this city is known for. Discover your dream home in this exceptional community and experience all that Phoenix has to offer!

Newest Phoenix Homes with See Remarks Community Features

$1,625,000
10 Beds 8 Baths 7061722 MLS 85020 Zip Code
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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