Phoenix Homes with No Carry New Financing

Phoenix Homes with No Carry New Financing

Phoenix, the capital city of Arizona, is a vibrant and thriving metropolis located in Maricopa County. Known for its year-round sunny weather and stunning desert landscapes, Phoenix offers a unique blend of urban amenities and natural beauty.

For those looking to buy a home in Phoenix, the city boasts an exciting option called "Homes with No Carry New Financing." This means that buyers can secure a new mortgage without having to carry the financing themselves. This can be a great advantage for those who may not have the immediate funds to cover the entire purchase price.

With this financing option, homebuyers in Phoenix can enjoy the benefits of homeownership without the burden of carrying the full financial responsibility. It provides an opportunity for individuals or families to settle into their dream home sooner rather than later.

Phoenix offers a wide range of housing options to suit various budgets and preferences. Whether you're looking for a modern downtown condo, a suburban family home, or a sprawling desert estate, there are plenty of choices available.

In addition to its real estate offerings, Phoenix is also renowned for its vibrant cultural scene, world-class dining, and outdoor recreational activities. From hiking in the nearby mountains to exploring the city's numerous art galleries and museums, there is always something to do and see in Phoenix.

If you're considering a move to Phoenix, you'll find a city that combines the comforts of suburban living with the excitement of an urban center. With its favorable financing options and diverse housing market, Phoenix is an excellent place to call home.

Newest Phoenix Homes with No Carry New Financing

$1,625,000
10 Beds 8 Baths 7061722 MLS
8939 N 8th Street offers investors the opportunity to acquire a fully leased, eight-unit multifamily property operating under a five-year Absolute NNN master lease with an established tenant. The lease provides predictable income, annual rent increases and minimal landlord responsibilities. The tenant has demonstrated exceptional reliability by consistently paying rent on time, carefully maintaining the property and investing its own funds into exterior painting and landscaping. These tenant-funded improvements have further enhanced the property's curb appeal and long-term value. Financial Highlights Asking Price: $1,625,000 Actual Year 2 Cap Rate: 7.83% Year 2 Base Rent: $10,600 per month Annual Base Rent: $127,200 Annual Tax and Insurance Reimbursements: $12,577.32 Total Annual Lease Payment: $139,777.32 Scheduled Annual Base-Rent Increase: $1,200 Price Per Unit: $203,125 September 1, 2026 payment received Lease Highlights Five-year Absolute NNN master lease Initial lease term: September 1, 2025 through August 31, 2030 Approximately four years remain on the initial lease term Base rent increases by $100 per month at the beginning of each remaining lease year Two additional five-year renewal options Personal guarantee First right of refusal Tenant responsible for property taxes, insurance, utilities, maintenance and day-to-day property operations Property Details The property contains eight residential units consisting of: Six one-bedroom/one-bathroom units Two two-bedroom/one-bathroom units On-site laundry room Three separate storage rooms Appliances in every unit Gated access and privacy wall Attractive paver patio with television and electrical outlets Approximately 4,461 square feet of building area The former office has been converted into the eighth residential unit, creating a complete eight-unit residential configuration with no remaining office space. Renovations and Improvements The property underwent extensive interior renovations in 2024, including improvements to the apartment interiors and bathrooms. Additional property improvements include: Exterior painting completed by the tenant Landscaping improvements completed by the tenant Updated apartment interiors Renovated bathrooms Security gate Privacy wall Paver patio Updated mailboxes Well-maintained common areas Investment Opportunity This offering combines an Absolute NNN lease, an actual 7.83% Year 2 cap rate, contractual rent growth and a tenant that actively reinvests in the property. A recent appraisal supports the asking price, providing additional documentation for prospective investors.

8939 N 8th Street, Phoenix

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