1927 E CROCUS Drive, Phoenix, AZ 85022

  • $850,000
1927 E CROCUS Drive, Phoenix, AZ 85022
Pending
1927 E CROCUS Drive, Phoenix, AZ 85022
1927 E CROCUS Drive, Phoenix, AZ 85022
  • $850,000

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%

  • Address 1927 E CROCUS Drive
  • City Phoenix
  • State/county AZ
  • Zip/Postal Code 85022
  • Area CAVE CREEK UNIT 3
  • Country US

Details

Updated on May 3, 2026 at 2:33 pm
  • Property ID: 6971140
  • Price: $850,000
  • Garage Size: x x
  • Year Built: 1986
  • Property Type: Multiple Dwellings
  • Property Status: Pending
  • MLS#: 6971140

Additional details

  • Listing Terms: Other (See Remarks),No Carry,Conventional
  • Roof: Tile
  • Sewer: Public Sewer
  • Cooling: Ceiling Fan(s),Heat Pump,Individual
  • Heating: Individual,Heat Pump
  • Flooring: Ceramic Tile
  • County: Maricopa
  • Property Type: Multiple Dwellings
  • Parking: Attached Garage,Paved,Free,Garage Door Opener,>1 Space Per Unit,On Street
  • Community Features: No Pool

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