1927 E CROCUS Drive, Phoenix, AZ 85022

Property 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%

Listing Status:

Active

Date Added:

January 19, 2026

Data Last Updated:

April 2, 2026 at 4:09PM

Listing Office:

Gerchick Real Estate : 602-688-9279

Listing Agent:

Linda S Gerchick : 602-688-9279

MLS ID:

6971140

Interior

• Flooring: Ceramic Tile
• A/C: Ceiling Fan(s)Heat PumpIndividual
• Heating: IndividualHeat Pump

Exterior

• General: Sidewalk(s)
• Parking: Attached GaragePavedFreeGarage Door Opener>1 Space Per UnitOn StreetParking spaces: 4

Construction

• Roofing: Tile
• General: Wood FramePaintedStuccoBlock

Location

• Road/Access: Asphalt
• Originating MLS: Arizona Regional Multiple Listing Service 2
• School District: Paradise Valley Unified District
• County: Maricopa

Lot

• Zoning: R-321450196

Utilities

• Water: Individual MeterCity Franchise
• Sewer: Public Sewer

Financial

• Source: Arizona Regional Multiple Listing Service 2