Phoenix Homes with Barbecue Community Features

Phoenix Homes with Barbecue Community Features

Phoenix, located in Maricopa County, Arizona, is a vibrant city known for its warm climate, stunning desert landscapes, and thriving real estate market. With its diverse neighborhoods and a wide range of amenities, Phoenix offers something for everyone, making it an ideal place to call home.

One of the sought-after features in Phoenix homes is the presence of a barbecue community. True to its reputation as a city that embraces outdoor living, many neighborhoods in Phoenix boast this desirable amenity. Whether you are a seasoned grill master or simply enjoy entertaining friends and family in your backyard, homes with barbecue community features provide the perfect setting for outdoor gatherings.

Imagine spending weekends hosting cookouts, enjoying delicious meals, and soaking up the Arizona sunshine in the comfort of your own community. From spacious patios to well-equipped grilling areas, these homes offer an opportunity to connect with neighbors and create lasting memories.

In addition to the barbecue community features, Phoenix offers an array of attractions and amenities. The city is home to vibrant downtown districts, world-class shopping and dining, and a thriving arts and culture scene. Outdoor enthusiasts can explore the nearby mountains, hiking trails, and golf courses, while sports fans can cheer on their favorite teams at professional sporting events.

With its warm climate, diverse neighborhoods, and desirable amenities, Phoenix continues to attract homebuyers looking for a place to settle down and enjoy the best of Arizona living. Whether you are searching for a home with barbecue community features or simply want to experience the unique charm of Phoenix, this city has something to offer for everyone.

Newest Phoenix Homes with Barbecue Community Features

8939 N 8th Street, Phoenix
$1,450,000
10 Beds ⋅ 8 Baths ⋅ 7061722 MLS
Price reduced to $1,450,000. Fully occupied Phoenix eight-unit property on one Absolute NNN master lease. Year 2 base rent of $127,200 annually supports an 8.77% lease-basis cap at the new price. Tenant pays taxes, insurance, utilities, maintenance and operations per the lease. Initial term through August 31, 2030, plus two five-year renewal options. Now offered at $1,450,000, 8939 N 8th Street is a fully occupied eight-unit multifamily property in North Phoenix under one Absolute NNN master lease. The property comprises six one-bedroom and two two-bedroom units, with extensive interior renovations completed in 2024. The lease provides $10,600 per month in Year 2 base rent, or $127,200 annually, supporting an 8.77% Year 2 lease-basis cap rate at the new asking price. Base rent increases by $100 per month at the start of each remaining lease year, reaching $130,800 annually in Year 5, equivalent to a 9.02% lease-basis cap rate at the new price. The initial lease runs through August 31, 2030, with two additional five-year renewal options, a personal guarantee and a first right of refusal. Under the Absolute NNN lease, the tenant is responsible for property taxes, insurance, utilities, maintenance and property operations, subject to the executed lease. The property includes three single-story buildings, 12 parking spaces, an on-site laundry room, three storage rooms, gated access and a paver courtyard. Seller financing is unavailable. Cap rates use annual base rent divided by the asking price under the stated lease economics. Tax and insurance reimbursements are excluded from the cap calculation. Buyers should independently verify lease terms, collections, expenses and property information. Executed leases are provided under contract. Please arrange tours through the listing broker. HIGHLIGHTS - New asking price $1,450,000, or $181,250 per unit. - 8.77% Year 2 lease-basis cap on $127,200 in annual base rent. - Absolute NNN master lease across all eight units. - Tenant responsible for taxes, insurance, utilities, maintenance and operations per the lease. - $100 monthly step-up at the start of each remaining lease year. - Initial term through August 31, 2030, plus two five-year renewal options. - Six one-bedroom units and two two-bedroom units. - Extensive 2024 interior renovations, gated courtyard, laundry, storage and 12 parking spaces.

8939 N 8th Street, Phoenix

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