Explore Homes for Sale in Phoenix, AZ

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Discover Your Dream Home: Homes for Sale in Phoenix, AZ

Explore a diverse selection of homes for sale in Phoenix, Arizona. From modern condos in vibrant downtown areas to spacious family homes in quiet suburban neighborhoods, Stockbridge Real Estate offers a variety of properties to suit every lifestyle and budget. Find your perfect Phoenix residence today!

Phoenix Real Estate: An Overview

Phoenix, Arizona, offers a unique blend of urban excitement and outdoor recreation. As you consider homes for sale, it's important to understand the diverse neighborhoods and housing options available throughout the city.

Exploring Phoenix Neighborhoods

Each neighborhood in Phoenix boasts its own distinct character. Whether you're drawn to the arts and culture of Roosevelt Row, the upscale dining and shopping in Scottsdale (a nearby city), or the family-friendly atmosphere of Ahwatukee, you'll find a community that resonates with your personal preferences.

Types of Homes Available

The Phoenix real estate market features a wide array of property types, including single-family homes, condos, townhouses, and luxury estates. As you search for homes for sale, consider the space, amenities, and location that best meet your needs.

Finding the Right Home for You

Navigating the Phoenix real estate market can be a rewarding experience. Stockbridge Real Estate is here to guide you through the process and help you find the perfect home for sale.

Understanding Your Needs

Before beginning your home search, take the time to assess your lifestyle, budget, and priorities. This will help you narrow your search and focus on properties that align with your specific requirements.

Working with Stockbridge Real Estate

Stockbridge Real Estate provides expert guidance and support throughout your home buying journey. We can help you identify promising properties, negotiate offers, and navigate the closing process with confidence. We are here to help you find the perfect home for sale.

The Benefits of Living in Phoenix

Phoenix offers a vibrant lifestyle with a thriving economy and abundant opportunities. As you explore homes for sale, consider the many benefits of living in this dynamic city.

A Growing Economy

Phoenix boasts a strong and diverse economy, with opportunities in various industries, including technology, healthcare, and finance. This economic stability makes Phoenix an attractive place to live and invest in real estate.

Outdoor Recreation

With its sunny weather and stunning desert landscapes, Phoenix provides endless opportunities for outdoor recreation. From hiking and biking to golfing and swimming, there's always something to do in the great outdoors.

Newest Homes for Sale in Phoenix, AZ

$695,000
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 รท $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

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