Project Type: 5 - 12 Units

Construction: Block; Wood Frame

Const - Finish: Painted; Stucco

Roofing: Composition; Foam; Rolled

Floors: Ceramic Tile; Carpet

Sale Includes: Land & Building; Personal Property; Laundry Equipment; Other (See Remarks)

Community Features: No Pool; Manager Res/Office; Barbecue; Other; See Remarks

Exterior Amenities: Desert Landscaping; Fenced; Curb(s) & Gutter(s); Cable TV Available; Patio/Balcony; Separate Storage; Security Light(s)

Interior Features: Fire/Smoke Alarm(s); Mini Blinds

Appliances Included: Free-Standing Range; Refrigerator; Disposal; Microwave; Washer/Dryer; Other

Heating: Individual; Heat Pump

Cooling: Ceiling Fan(s); Heat Pump; Individual

Water Source: City Franchise; Master Meter

Sewer: Sewer - Public

Electric: APS; Individual Meter; Other (See Remarks)

Gas: None

Parking Features: On Street; >1 Space Per Unit; Free; Paved; Other

Road Surface Type: Asphalt

Owner Pays: None

Tenant Pays: Water; Sewer; Electricity; Gas; Trash Collection; Cable TV; Landscaping; Other (See Remarks)

Source of Fincl Data: Owner

Showing Notification Methods: Text; Email; Phone Call

Lockbox Type: None

Existing 1st Loan: Treat as Free&Clear

Existing 1st Loan Type: Not Applicable

Existing 1st Loan Terms: Not Applicable

Existing 2nd Loan: Treat as Free&Clear

Existing 2nd Loan Type: Not Applicable

Existing 2nd Loan Terms: Not Applicable

Existing 3rd Loan: Treat as Free&Clear

Existing 3rd Loan Type: Not Applicable

Existing 3rd Loan Terms: Not Applicable

Existing Othr Ln Trm: Not Applicable

New Financing: Cash; Conventional; No Carry

Environmental: None

Exceptional NNN Tenant | ACTUAL 8.03% Cap Rate This is the kind of NNN tenant investors look for. Not only does the tenant pay rent on time, every time, but they have recently completed new exterior paint and landscaping at their own expensefurther enhancing curb appeal and long-term valueall while the property maintains an ACTUAL 8.03% cap rate. This is a true passive investment with pride of ownership from the tenant and zero landlord involvement. Discover a compelling investment opportunity with a newly signed Absolute NNN lease, offering stability, strong returns, and built-in growth potential. Situated in a high-demand location, this property delivers reliable income backed by a proven tenant. Lease Details 5-Year Absolute NNN Lease with scheduled rent increases in years 2 through 5, providing predictable cash-flow growth Tenant Reliability: Proven tenant known for exceptional property maintenance and consistent, on-time rent payments Triple NNN Structure: Tenant is responsible for taxes, insurance, and all maintenanceminimizing landlord responsibilities Renewal Options: Two additional 5-year options for long-term income security and flexibility Financial Snapshot Lease Rate: $10,500 per month with scheduled increases Cap Rate: ACTUAL 8.03% - strong, stable return with upside protection Income Security: Backed by a reputable tenant committed to property upkeep and lease obligations Property Highlights Location: Strategically positioned in a thriving area with solid economic fundamentals Investment Appeal: Ideal for investors seeking true passive income with minimal management Property Details Comprehensive Renovation: Extensive upgrades position this asset competitively in the market Unit Mix: 6 one-bedroom apartments 2 two-bedroom / one-bath apartments 1 office unit - currently used as office space and can be converted to a one-bedroom apartment Renovations & Upgrades Apartment Renovations (2024): Each of the 7 units has been thoughtfully updated, including bathroom renovations averaging approximately $12,000 per unit Office / Storage Addition: Added for approximately $100,000, offering flexible use potential Exterior Enhancements Brick patio installed in 2019 ($15,000) with TV and power outlets Security gate added in 2015 ($5,000) New brick wall for privacy ($5,000) New mailboxes installed August 2024 ($500) NEW exterior paint and landscaping completed by the tenant at their expense Property Features On-site laundry facility Two storage units Microwaves, refrigerators, and stoves in all units Gated property for added security and privacy Currently leased under a Master Lease - Absolute NNN Buyer Information Buyer to verify all facts and figures NO Seller Carry Act Now Opportunities offering an ACTUAL 8.03% cap rate, an Absolute NNN structure, and a tenant who reinvests in the property are rare. .