1927 E Crocus Drive, Phoenix, AZ 85022
Local realty services provided by:Better Homes and Gardens Real Estate S.J. Fowler
Listed by: linda s gerchick
Office: gerchick real estate
MLS#:6971140
Source:ARMLS
Price summary
- Price:$850,000
About this home
Turn-Key, Hands-Off Investment with Proven Operator | Phoenix, AZ
This is a rare, fully leased, NNN investment opportunity ideal for investors seeking predictable cash flow with zero day-to-day landlord responsibilities. The property is a 4-bedroom, 3-bathroom home with a pool, operating successfully as a licensed transitional housing facility with a strong, experienced tenant and documented operating history.
The Seller has invested approximately $40,000 in recent upgrades, resulting in a modern, well-maintained, and highly functional property. With the tenant fully in place and operations stabilized, this offering is perfect for a truly passive investor. Important to see supplement The property is secured by a 5-year NNN lease at $5,200 per month, with annual rent escalations of $1,200 per year in Years 2 through 5, providing built-in income growth. The lease also includes two (2) additional 5-year renewal options, offering long-term stability and downside protection.
Landlord Responsibilities: NONE.
The tenant is responsible for prorated property taxes, insurance, utilities, pool maintenance, property upkeep, and all operational expenses, allowing ownership to enjoy hands-off income with no management burden.
Backed by a tenant with a very strong track record, this investment delivers durable cash flow, annual rent growth, and long-term lease securityan ideal solution for investors prioritizing stability, simplicity, and predictability.
Why This Works for Investors
Fully leased, stabilized NNN investment
Annual rent escalations already built into the lease
Two 5-year renewal options for long-term income
Experienced, credit-worthy tenant with a strong operating history
No landlord responsibilities truly passive ownership
Recent capital improvements already completed
Immediate cash flow with upside
escalations are $100/month each year (=$1,200/year), then the rent schedule is:
Year 1: $5,200/mo
Year 2: $5,300/mo
Year 3: $5,400/mo
Year 4: $5,500/mo
Year 5: $5,600/mo
Assuming this is true NNN (rent H NOI because tenant covers the expenses), here are the cap rates on a $850,000 price:
Cap Rate by Year (Price = $850,000)
Year Monthly Rent Annual NOI Cap Rate
1 $5,200 $62,400 7.34%
2 $5,300 $63,600 7.48%
3 $5,400 $64,800 7.62%
4 $5,500 $66,000 7.76%
5 $5,600 $67,200 7.91%...
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Home facts
- Year built:1986
- Listing ID #:6971140
- Updated:April 24, 2026 at 02:54 PM
Rooms and interior
- Flooring:Ceramic Tile
Heating and cooling
- Cooling:Ceiling Fan(s), Heat Pump, Individual Cooling
- Heating:Heat Pump, Individual Heating
Structure and exterior
- Year built:1986
- Construction Materials:Block, Painted, Stucco
Utilities
- Water:City Franchise, Individual Meter
Finances and disclosures
- Price:$850,000
- Tax amount:$2,590 (2025)
Parking
- Total parking spaces:4
- Parking description:Free Parking, More Than 1 Parking Space/Unit, Paved
- Garage:Yes
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.New listings near 1927 E Crocus Drive
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