USAAZPhoenixCave Creek Unit 31927 E Crocus Dr

1927 E Crocus Dr, Phoenix, AZ

Real Estate

For Sale

Listed price in listed location currency (USD).

$850,000

004

MLS® 6971140

Key Facts
Description
Map

Key Facts

Type Other

Levels Residential Income

Size -

Garage No

HOA Fees

Taxes $2,590

Days Active 0

Approx. Age 1986

MLS® Number 6971140

Property Address: 1927 E Crocus Dr, Phoenix, AZ, 85022-4512

Average square foot calculated using Size range provided by listing agent.

Description

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%

MLS® Number6971140

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNo

Approx. Age1986

Stories

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

Similar Listings

Price History

-End Date

Not Sold YetSold Price

For Sale

Jan 20, 2026List Date

$850,000List Price

Commute

Commute

Starting Address

Destination Address

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