1927 E Crocus Drive, Phoenix, AZ 85022

Local realty services provided by:Better Homes and Gardens Real Estate S.J. Fowler
1927 E Crocus Drive,Phoenix, AZ 85022
$850,000
Virtual Tour
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Pending
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

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with a BHGRE®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a BHGRE®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (CENTURY 21® , Coldwell Banker® , Corcoran® , ERA® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1986
  • Listing ID #:6971140
  • Updated:January 23, 2026 at 10:05 AM

Heating and cooling

  • Cooling:Ceiling Fan(s), Heat Pump, Individual Cooling
  • Heating:Heat Pump, Individual Heating

Structure and exterior

  • Year built:1986

Utilities

  • Water:Individual Meter

Finances and disclosures

  • Price:$850,000
  • Tax amount:$2,590
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