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$1,625,000
4 Beds 6 Baths 7061061 MLS 3,450 SqFt.
Presenting the first showcase residence in an exclusive five-home luxury cul-de-sac enclave in Desert Hills, where exceptional craftsmanship and modern design come together. Newly finished and move-in ready, this stunning single-level residence offers approximately 3,450 square feet of impeccably finished living space on a fully improved one-acre homesite, highlighted by a fully integrated 50ft RV garage designed to accommodate a luxury Class A motorcoach, an expansive 4- to 5-car garage, premium finishes, and quality construction throughout. As the first home offered within this exclusive five-home enclave, this is an exceptional opportunity to own a home in one of Desert Hills' newest custom luxury enclaves. The professionally landscaped front yard features an elegant paver driveway and walkways, premium artificial turf, and a circular gravel drive that enhances the home's curb appeal while providing convenient guest parking. Inside, the spacious open-concept design seamlessly connects the great room, kitchen, and dining areas, creating an inviting setting for both everyday living and effortless entertaining. The home features a private primary retreat, three private guest suites, each with its own full bathroom, a dedicated office/flex room, and two powder rooms, including one with direct access from the covered patio--ideal for future outdoor entertaining and poolside guests. Designed with both everyday living and entertaining in mind, the floor plan provides exceptional privacy for family and guests, while elevated ceilings, oversized 8-foot interior doors, designer lighting, and premium finishes create a sophisticated yet welcoming atmosphere throughout. A defining feature of this home is its exceptional garage and RV accommodations. The expansive attached garage comfortably accommodates 4 to 5 vehicles with extra-wide and extra-deep bays, making it ideal for collector vehicles, a workshop, recreational boats, or additional recreational vehicles. Complementing the attached garage is a fully integrated 50ft RV garage, purpose-built to accommodate a luxury Class A motorcoach, trailers, off-road vehicles, or virtually any combination of recreational equipment. Built for lasting quality and energy efficiency, this custom home features 2x6 full-shear wall construction, spray foam insulation, energy-efficient dual-pane windows, and carefully selected high-end finishes, delivering superior comfort, durability, and long-term performance. The backyard is fully enclosed with a block perimeter wall and a convenient RV gate, providing privacy, security, and ample space to create an exceptional outdoor living environment. Whether you envision a custom pool, spa, outdoor kitchen, expansive patio, or professionally designed desert landscaping, the possibilities are yours to define. The builder also offers optional pool and professionally designed landscape packages, allowing buyers to create a personalized resort-style retreat while potentially incorporating those improvements into their overall purchase and financing. Love the location but envision a different floor plan or personalized design? Four additional one-acre homesites remain available within this private luxury enclave, offering buyers the flexibility to choose from professionally designed, already-permitted home plans, modify those plans to suit their lifestyle, or work directly with the builder to create a fully custom residence from the ground up. Enjoy the same exceptional setting, craftsmanship, and architectural standards while creating a home uniquely tailored to your vision. Whether you're ready to move in today or inspired to create a home uniquely your own, this exclusive five-home enclave offers a level of flexibility, craftsmanship, and lifestyle seldom found in today's market. Tour the first showcase residence, or collaborate with the builder to create a custom home tailored to your vision and become part of one of Desert Hills' newest custom luxury enclaves.

1483 W Paso Nuevo Drive, Phoenix

$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 ÷ $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

$2,600,000
4 Beds 6 Baths 7060794 MLS 6,185 SqFt.
Set within Chateau on Central, an exclusive enclave of just 20 luxury, French-inspired five-story brownstones in the heart of Midtown Phoenix, 54 W. Palm is a truly one-of-one residence that has been completely remodeled and reimagined. This intentionally curated 4-bedroom, 6-bathroom home with a livable basement seamlessly blends timeless architecture with sophisticated, modern design. Featuring soaring 10+ foot ceilings throughout, a private elevator, flexible living spaces, and a two-car garage, every level has been thoughtfully transformed with exceptional craftsmanship, elevated finishes, and meticulous attention to detail. Unlike any other residence in the community, this home has been reinvented from top to bottom, creating a living experience that simply cannot be replicated. Each floor unfolds as its own destination, where refined interiors, abundant natural light, and carefully considered design create an effortless balance of elegance and functionality. Whether entertaining on a grand scale or enjoying everyday living, every space has been designed to elevate the experience. Ideally positioned just moments from Phoenix's premier museums, award-winning restaurants, professional sports venues, and vibrant entertainment destinations, 54 W. Palm offers the perfect blend of luxury, culture, and convenience. More than a home, 54 W. Palm is a rare opportunity to own one of Arizona's most distinctive and unforgettable residences.

54 W Palm Lane Unit 54, Phoenix

$895,000
3 Beds 3 Baths 7060771 MLS 2,157 SqFt.
Prepare to be swept away with this beautifully updated one of a kind home, located in an established neighborhood with no HOA, where timeless design meets modern comfort. This exceptional 3-bedroom, 3-bath home offers over 2,100 square feet of thoughtfully designed living space, blending sophisticated finishes with an open, inviting floor plan perfect for everyday living and entertaining. One of the home's most distinctive features is its private front courtyard, where a sparkling pool creates a resort-inspired entrance unlike anything you'll find in a typical neighborhood setting. This unique outdoor space offers exceptional privacy while making a memorable first impression. Spend time enjoying a morning swim, hosting friends and family, or unwinding at sunset, the courtyard serves as an extension of the home's living space. From the moment you step inside, you'll appreciate the attention to detail throughout. The gourmet chef's kitchen is the heart of the home, featuring a stunning extended island for gathering, an ample amount of cabinets and beautiful granite countertops, stainless steel appliances and generous prep space for culinary enthusiasts. Vaulted ceilings and skylights fill the home with natural light while the 2-way fireplace creates a warm, welcoming atmosphere. The spacious primary suite is a true retreat, complete with a luxurious ensuite bath featuring a classic clawfoot soaking tub, beautifully tiled oversized walk-in shower, and large walk-in closet, not to mention the private Zen garden just outside your bedroom door, it's your own peaceful escape. Additional highlights include a tankless water heater and EV charging capability in the attached two-car garage. Perfectly situated near the Biltmore, Arcadia, top-rated dining, shopping, entertainment, and convenient freeway access, this home offers the ideal combination of style, comfort, efficiency, and location. Whether you're hosting friends, enjoying quiet evenings by the pool, or exploring one of Phoenix's centrally located neighborhoods, this home delivers an exceptional lifestyle that's ready to enjoy.

3037 E Clarendon Avenue, Phoenix

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