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GERCHICK REAL ESTATE
MAKE THE MARKET WORK FOR YOU™
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Linda Gerchick, CCIM
Designated Broker
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Phoenix Multifamily Investment
ABSOLUTE NNN.
ACTUAL 7.83% CAP.
Eight fully leased residential units. Contractual rent growth.
An exceptional tenant who actively reinvests in the property.
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SEPTEMBER 1, 2026 PAYMENT RECEIVED
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$1,625,000
Asking Price
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7.83%
Actual Year 2 Cap
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$127,200
Annual Base Rent
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8939 N 8th Street | Phoenix, Arizona 85020
The kind of NNN tenant investors look for.
This fully leased eight-unit property is secured by a five-year
Absolute NNN master lease with a proven tenant
that pays consistently, maintains the property carefully and
has completed exterior painting and landscaping at its own expense.
The result is highly passive ownership, reliable income and
built-in annual growth—all supported by a recent appraisal of
the property.
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$10,600 monthly Year 2 base rent
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✓
$1,200 annual base-rent growth
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Approximately four years remaining
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Two additional five-year options
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Personal guarantee and first right of refusal
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Six one-bedroom apartments
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Two two-bedroom apartments
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On-site laundry and three storage rooms
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Extensive 2024 renovations
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Gated access and attractive paver courtyard
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Complete Due Diligence Available Online
Review the property from wherever you are.
View the virtual tour, photographs, Offering Memorandum,
marketing flyer, rent schedule, lease information and
supporting documents on the property website.
VIEW THE PROPERTY
SCHEDULE A CALL
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Information has been obtained from sources believed reliable;
however, no representation or warranty is made as to accuracy
or completeness. Price, income, expenses, cap rate, lease terms,
measurements, unit mix, condition and availability are subject
to change and independent verification. Prospective purchasers
should conduct their own due diligence and consult their legal,
tax and financial advisors. Property is subject to prior sale,
withdrawal or modification without notice. Please do not
disturb residents or contact the tenant directly.
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