1927 E Crocus Dr - Residential Income FOR SALE


Phoenix, AZ 85022- North Mountain
$695,000 USD
602-688-9279
1927 E Crocus Dr, Phoenix, AZ for Sale
$695,000 USD
Residential Income - FOR SALE
1/49
null | Request Cap Rate

1927 E Crocus Dr
Phoenix, AZ 85022
North Mountain


HIGHLIGHTS

  • Fully leased investment with contractual income through 2030.
  • Absolute NNN lease structure reduces landlord obligations.
  • Contractual rent growth is built into the lease term.
  • Approximately $40,000 in recent capital improvements reported.
  • Located within Phoenix's Paradise Valley Village area.
  • Access to SR-51, Loop 101, and I-17 supports regional connectivity.

OVERVIEW

1927 E Crocus Dr presents an investment opportunity in Phoenix's Paradise Valley Village area. The asset is being marketed as a fully leased investment with a recently executed lease extending through 2030 and an absolute NNN structure in which the tenant reimburses property taxes and insurance. Reported contractual rent growth during the initial lease term provides built-in income escalation without requiring a change in operations. The property has undergone approximately $40,000 in recent renovations and capital improvements and is currently operated by an established tenant with a documented operating history. The property benefits from a North Phoenix location near major commuter routes including SR-51, Loop 101, and I-17, providing regional access across the Phoenix metropolitan area. Nearby residential neighborhoods, employment centers, retail services, healthcare facilities, and outdoor recreation amenities support long-term occupancy demand within the surrounding market. Phoenix remains one of the largest metropolitan areas in the Southwest, offering a diverse economic base driven by healthcare, technology, logistics, financial services, and advanced manufacturing sectors. For investors seeking predictable income, the offering combines an existing operational use, contractual lease structure, and recent property improvements. The asset's established occupancy, lease term extending through 2030, and reported rental growth provisions create a defined income profile while positioning ownership to benefit from continued participation in the Phoenix market.

FOR SALE DETAILS

PRICE

$695,000 USD

PRICE/SF

$344 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,448 SF

ZONING

R-1-6

APN/PARCEL ID

214-50-196

ASK ABOUT THIS PROPERTY

Linda GerchickGerchick Real EstateMore Info
602-688-9279

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Linda GerchickGerchick Real EstateMore Info
602-688-9279

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.