1927 E CROCUS Drive, Phoenix, AZ 85022 (MLS# 6971140)

1927 E CROCUS Drive, Phoenix, AZ 85022

$850,000
Property Type: Multiple Dwellings Status: Pending
Current Price: $850,000 Last Modified: 5/03/2026

Overview

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

Supplements: 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 responsibl ...

Listing Details MLS# 6971140

Location, Tax & Legal

House Number
1927
Compass
E
Street Name
CROCUS
St Suffix
Drive
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85022
Zip4
4512
Country
US
County Code
Maricopa
Subdivision
CAVE CREEK UNIT 3
Assessor Number
214-50-196
Tax Year
2025
Assessor's Map #
50
Legal Description (Abbrev)
LOT 525 CAVE CREEK UNIT 3 MCR
Assessor's Parcel #
196
Add'l Parcels
No
Tax Municipality
Phoenix
Census Tract
103607
Taxes
2590
Legal
LOT 525 CAVE CREEK UNIT 3 MCR
Marketing Name
NNN Leased Property

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
irr
Year Built
1986
Uncvrd Parking Spcs
2
Total # of Units
6
# of Buildings
Yes
Zoning
R-3
Flood Zone
TBD
Elementary School District
Paradise Valley Unified District
High School District
Paradise Valley Unified District

Status Change Info

Off Market Date
2026-05-03
Under Contract Date
2026-05-02

Legal Info

Township
3N
Range
3E
Section
10
Lot Number
525

More Information

Income Expenses

Gross Annual Sch Inc
62400
Net Operating Income
62400

Showing Notification Methods

Showing Service
Aligned Showings
Text
Yes
Email
Yes
Phone Call
Yes

1 Bedroom Units

# 1 Bedroom Units
6
Avg Rent
5200
Avg SqFt
1800
# Baths
Yes

Project Type

Other (See Remarks)
Yes

Construction

Block
Yes
Wood Frame
Yes

Const - Finish

Painted
Yes
Stucco
Yes

Roofing

Tile
Yes

Floors

Ceramic Tile
Yes

Sale Includes

Land & Building
Yes
Pool Equipment
Yes
Laundry Equipment
Yes

Income & Expenses

Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
2590
Other Income
5350
Vacancy Allowance
0
Adjusted Gross Inc
67750

Pmt & Rate Info

Cap Rate
7.34
Equity
850000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

Supra
Yes
See Private Remarks
Yes

Community Features

No Pool
Yes

Heating

Heat Pump
Yes
Individual
Yes

Cooling

Ceiling Fan(s)
Yes
Heat Pump
Yes
Individual
Yes

Exterior Amenities

Desert Landscaping
Yes
RV/Boat Parking
Yes
Cable TV Available
Yes
Sidewalk(s)
Yes
Patio/Balcony
Yes
Security Light(s)
Yes

Interior Features

Unfurnished
Yes
Fire/Smoke Alarm(s)
Yes
Fire Sprinklers
Yes
Vertical Blinds
Yes
Mini Blinds
Yes
Breakfast Bar
Yes
Other (See Remarks)
Yes

Tenant Pays

Water
Yes
Sewer
Yes
Electricity
Yes
Trash Collection
Yes
Cable TV
Yes
Landscaping
Yes
Pool Maintenance
Yes

Appliances Included

Dishwasher
Yes
Disposal
Yes
Microwave
Yes
Refrigerator
Yes
Free-Standing Range
Yes
W/D Hookup
Yes

Road Access Type

City Street
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Books Shwn Accpt Ofr
Yes
Other (See Remarks)
Yes

Road Responsibility

City Maintained Road
Yes

Water Source

City Franchise
Yes
Individual Meter
Yes

Sewer

Sewer - Public
Yes

Parking Features

Garage
Yes
Free
Yes
On Street
Yes
>1 Space Per Unit
Yes
Paved
Yes
Garage Door Opener
Yes
Attached Garage
Yes

Electric

APS
Yes
Individual Meter
Yes

Gas

None
Yes

Owner Pays

None
Yes

New Financing

Cash
Yes
Conventional
Yes
No Carry
Yes
Other (See Remarks)
Yes

Reports/Disclosures

Seller Prop Disc Stm
Yes
APOD/Backup Avaible
Yes
Sch of Personal Prop
Yes

Environmental

None
Yes

Efficiency Units

Avg Rent
0

2 Bedroom Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: Other (See Remarks) Construction: Block; Wood Frame Const - Finish: Painted; Stucco Roofing: Tile Floors: Ceramic Tile Sale Includes: Land & Building; Pool Equipment; Laundry Equipment Community Features: No Pool Exterior Amenities: Desert Landscaping; RV/Boat Parking; Cable TV Available; Sidewalk(s); Patio/Balcony; Security Light(s) Interior Features: Unfurnished; Fire/Smoke Alarm(s); Fire Sprinklers; Vertical Blinds; Mini Blinds; Breakfast Bar; Other (See Remarks) Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; W/D Hookup Heating: Individual; Heat Pump Cooling: Ceiling Fan(s); Heat Pump; Individual Water Source: City Franchise; Individual Meter Sewer: Sewer - Public Electric: APS; Individual Meter Gas: None Parking Features: Garage; On Street; >1 Space Per Unit; Garage Door Opener; Free; Paved; Attached Garage Road Access Type: City Street Road Surface Type: Asphalt Road Responsibility: City Maintained Road Owner Pays: None Tenant Pays: Water; Sewer; Electricity; Trash Collection; Cable TV; Landscaping; Pool Maintenance Source of Fincl Data: Books Shwn Accpt Ofr; Other (See Remarks) Showing Notification Methods: Text; Email; Phone Call Lockbox Type: Supra; See Private Remarks New Financing: Cash; Conventional; No Carry; Other (See Remarks) Environmental: None
IDX
Listing Office: Gerchick Real Estate
Last Updated: May - 03 - 2026
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