1927 E CROCUS Drive, Phoenix, AZ 85022
SOLD
JUN 11, 2026

1927 E CROCUS Drive
Phoenix, AZ 85022

Paradise Valley
  • 6 Beds
  • 1 Bath
  • 10,800 sqft

$775,000

Last Sold: Jun 11, 2026
9% below list $850K
$72/sqft
Est. Refi. Payment $4,190/mo*
Refinance Your Home

$775,000

Last Sold: Jun 11, 2026
9% below list $850K
$72/sqft
Est. Refi. Payment $4,190/mo*
Refinance Your Home
6 Beds
1 Bath
10,800 sqft

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

Description

Turn-Key, Hands-Off Investment with Proven Operator | Phoenix, AZ
This is a rare, fully leased, NNN investment opportunity ideal for investors seeking predictable cash flow with zero day-to-day landlord responsibilities. The property is a 4-bedroom, 3-bathroom home with a pool, operating successfully as a licensed transitional housing facility with a strong, experienced tenant and documented operating history.

The Seller has invested approximately $40,000 in recent upgrades, resulting in a modern, well-maintained, and highly functional property. With the tenant fully in place and operations stabilized, this offering is perfect for a truly passive investor. Important to see supplement The property is secured by a 5-year NNN lease at $5,200 per month, with annual rent escalations of $1,200 per year in Years 2 through 5, providing built-in income growth. The lease also includes two (2) additional 5-year renewal options, offering long-term stability and downside protection.

Landlord Responsibilities: NONE.
The tenant is responsible for prorated property taxes, insurance, utilities, pool maintenance, property upkeep, and all operational expenses, allowing ownership to enjoy hands-off income with no management burden.

Backed by a tenant with a very strong track record, this investment delivers durable cash flow, annual rent growth, and long-term lease securityan ideal solution for investors prioritizing stability, simplicity, and predictability.
Why This Works for Investors

Fully leased, stabilized NNN investment

Annual rent escalations already built into the lease

Two 5-year renewal options for long-term income

Experienced, credit-worthy tenant with a strong operating history

No landlord responsibilities  truly passive ownership

Recent capital improvements already completed

Immediate cash flow with upside

escalations are $100/month each year (=$1,200/year), then the rent schedule is:

Year 1: $5,200/mo

Year 2: $5,300/mo

Year 3: $5,400/mo

Year 4: $5,500/mo

Year 5: $5,600/mo

Assuming this is true NNN (rent H NOI because tenant covers the expenses), here are the cap rates on a $850,000 price:
Cap Rate by Year (Price = $850,000)
Year Monthly Rent Annual NOI Cap Rate
1 $5,200 $62,400 7.34%
2 $5,300 $63,600 7.48%
3 $5,400 $64,800 7.62%
4 $5,500 $66,000 7.76%
5 $5,600 $67,200 7.91%
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources. This description is from June 12, 2026

Home Highlights

Parking
2 Car Garage
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$72/sqft
Listed
73 days ago

Home Details for 1927 E CROCUS Drive

Interior Features

Beds & Baths
Number of Bedrooms: 6Number of Bathrooms: 1
Dimensions and Layout
Living Area: 10800 Square Feet
Appliances & Utilities
Appliances: Free-Standing Range, Disposal, Dishwasher, Refrigerator, MicrowaveDishwasherDisposalLaundry: W/D HookupMicrowaveRefrigerator
Heating & Cooling
Heating: Individual,Heat PumpHas CoolingAir Conditioning: Ceiling Fan(s),Heat Pump,IndividualHas HeatingHeating Fuel: Individual
Gas & Electric
Electric: APS, Individual MeterHas Electric on Property
Windows, Doors, Floors & Walls
Flooring: Ceramic Tile
Levels, Entrance, & Accessibility
Floors: Ceramic Tile
Security
Security: Security Lights, Fire Sprinkler System

Exterior Features

Exterior Home Features
Roof: TileExterior: Sidewalk(s)
Parking & Garage
Number of Covered Spaces: 2Open Parking Spaces: 2No CarportHas a GarageHas an Attached GarageHas Open ParkingParking Spaces: 4Parking: Attached,Paved,Free,Garage Door Opener,>1 Space Per Unit,On Street
Frontage
Road Surface Type: AsphaltNot on Waterfront
Water & Sewer
Sewer: Public Sewer

Days on Market

Cumulative Days on Market: 73

Property Information

Year Built
Year Built: 1986
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Building
Construction Materials: Wood Frame, Painted, Stucco, Block
Property Information
Parcel Number: 21450196

Price & Status

Price
List Price: $850,000Price Per Sqft: $72/sqft
Status Change & Dates
Off Market Date: Sun May 03 2026

Active Status

MLS Status: Closed

Media

Location

Direction & Address
City: PhoenixCommunity: CAVE CREEK UNIT 3
School Information
Elementary School District: Paradise Valley Unified DistrictHigh School District: Paradise Valley Unified District

Building

Building Area
Building Area: 10800 Square Feet

Community

Community Features: No Pool

Offer

Listing Terms: Other (See Remarks), No Carry, Conventional

Business

Business Information
Ownership: Fee Simple

Rental Terms, Policies & Fees

Owner Pays: None

Miscellaneous

Mls Number: 6971140

Additional Information

No Pool
Last check for updates: about 3 hours ago
Listed by Linda S Gerchick, (602) 688-9279
Gerchick Real Estate
Bought with: Linda S Gerchick, (602) 688-9279, Gerchick Real Estate
Source: ARMLS, MLS#6971140
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

Price History for 1927 E CROCUS Drive

DatePriceEventSource
06/11/2026$775,000Sold
ARMLS #6971140
05/03/2026$850,000PendingARMLS #6971140
02/21/2026$850,000PendingToActiveARMLS #6971140
01/20/2026$850,000PendingARMLS #6971140
01/20/2026$850,000Listed For SaleARMLS #6971140
08/26/2024$599,999ListingRemovedARMLS #6686292
05/17/2024$599,999PriceChange
ARMLS #6686292
04/03/2024$630,000Listed For SaleARMLS #6686292
03/24/2021ListingRemovedN/A
01/24/2017$277,000Sold
N/A
09/26/2016$260,000ListingRemovedN/A
09/24/2016$260,000Listed For SaleN/A

Market trends in Paradise Valley

Last updated May 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$585K
$4.75KMoM
Sale-to-List Price
98.4%
0.1%MoM
Price per sq ft
$342
$3MoM
Available listings
879
21MoM
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Property Tax and Assessment

Year2025
Tax$2,544
Assessment$463,800
Home facts updated by county records

Homeowner tools

Estimated monthly rent$2,196/mo
List your home for rent

Comparable Sales for 1927 E CROCUS Drive

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
2104 E EUGIE Terrace, Phoenix, AZ
0.40
Multi-Family Home
$2,205,000
07/18/25
28
2
13,300
13017 N 20th Street, Phoenix, AZ
0.75
Multi-Family Home
$610,000
12/16/25
7
6
2,271
2822 E KATHLEEN Road, Phoenix, AZ
1.55
Multi-Family Home
$530,000
11/14/25
8
2
3,628
2813 E MONTE CRISTO Avenue, Phoenix, AZ
1.57
Multi-Family Home
$530,000
11/14/25
8
2
3,628
2726 E Tierra Buena Lane, Phoenix, AZ
1.44
Multi-Family Home
$615,000
12/01/25
8
8
3,600
3005 E PARADISE Lane, Phoenix, AZ
1.80
Multi-Family Home
$900,000
01/14/26
8
3
4,400
1705 E GRANDVIEW Road, Phoenix, AZ
1.44
Multi-Family Home
$380,000
03/19/26
2
2
1,358
2702 E JUNIPER Avenue, Phoenix, AZ
1.89
Multi-Family Home
$670,000
01/09/26
6
4
2,632
2825 E PARADISE Lane, Phoenix, AZ
1.65
Multi-Family Home
$315,000
05/08/26
8
5
3,614

Nearby homes

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Assigned Schools

These are the assigned schools for 1927 E CROCUS Drive.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Paradise Valley
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Paradise Valley

At least 1036 Trulia users voted on each feature.

  • 90 % Say it's dog friendly

  • 89 % Say there are sidewalks

  • 86 % Say parking is easy

  • 85 % Say car is needed

  • 77 % Say yards are well-kept

  • 73 % Say there's holiday spirit

  • 71 % Say people would walk alone at night

  • 70 % Say streets are well-lit

  • 70 % Say it's quiet

  • 60 % Say kids play outside

  • 58 % Say it's walkable to grocery stores

  • 57 % Say they plan to stay for at least 5 years

  • 55 % Say it's walkable to restaurants

  • 51 % Say neighbors are friendly

  • 42 % Say there's wildlife

  • 23 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Iamme4eternity
    "Traffic is minimal. I have really enjoyed Arizona. Coming from California it was a surprisingly pleasant change. "
    0
    Flag
  • Pepsigala49
    "Hi this is a beautiful house in a nice neighborhood where you can walk your dog at night am I’m very interested, I currently live out of state planning on moving back to my home state and the Cardinal "
    5
    Flag
  • Chelsea Skinner
    "HOA is absurd can’t have any gazebos covered patio furniture nor festive lights or decorations as well as extended awning that was here when we moved in"
    1
    Flag
  • 584qq9cqpr
    "28 min to downtown easy access to 101 & 51 freeways, close to desert ridge shopping center Mayo Clinic"
    1
    Flag
  • Trulia User
    "It’s a fun, nice place to be everyone’s real friendly can’t really go wrong with this area. There’s lots of amenities that’s a Shopping "
    5
    Flag
  • Trulia User
    "Winter home. Safe, well maintained and friendly people. Really nice area Great restaurants and shopping close by. "
    15
    Flag
  • Trulia User
    "Neighborly feeling can be found in the uniqueness of each house on the street. Dynamic landscaping mixed with an “at home” feel makes for an oasis."
    8
    Flag
  • Trulia User
    "It definitely depends on how close you are to the low income end of the neighborhood to be able to feel safe for your kids to play. "
    1
    Flag
  • Trulia User
    "People are friendly. You often see them walking their dogs 🐕. A quiet neighborhood with shopping center around, lots of stores, fast-food and more. "
    6
    Flag
  • Trulia User
    "Nestled between Phoenix and Scottsdale, both cities sort of surround Paradise Valley. Still has individual homes with different size properties versus the pop up communities that all look exactly the same as every other neighbor in said community. "
    4
    Flag
  • Trulia User
    "It’s a great neighborhood with nice neighbors. It’s quieting terms of traffic and noise but has room for the kids to play and ride their bikes. Great schools and close to everything. Close to grocery stores the shopping mall , restaurants and all the places that families like to go. "
    0
    Flag
  • Trulia User
    "barbeque afternoons, movie nights, pool events, attractions events barbeque afternoons, movie nights, pool events, attractions events "
    1
    Flag
  • Trulia User
    "Good parks and safety. Nearby grocery stores , friendly people around , Not much noisy community, community are safe to live and mostly gated . Children often come to park and playing area to play there. "
    0
    Flag
  • Trulia User
    "Welcoming and friendly .. they allow our children to pet their dogs and play with them.. good neighborhood "
    3
    Flag
  • Trulia User
    "my best friend of 10 years has always lived there so I'm very familiar with the area her kids school is also amazing!!"
    5
    Flag
  • Trulia User
    "great parks great schools close to church love the location close to shopping and restaurants love the neighborhood "
    0
    Flag
  • Trulia User
    "Great Community flare. Very cozy feel throughout the year. Always bright & cheery. Sun shining and people out and about!!!"
    0
    Flag
  • Trulia User
    "It’s safe and beautiful to live here. For families or any community. Thank ye weather and the pools great all year. "
    0
    Flag
  • Trulia User
    "It’s beautiful and safe living in North Scottsdale. You can find anything here and yet it’s everything very quite. A lot of hiking trails around. "
    1
    Flag
  • Trulia User
    "Good schools, safe community, many parks, friendly neighbors. Traffic is not bad, but much faster than the posted speed limits. "
    0
    Flag
  • Trulia User
    "There is a Dog park at PV park at 40th St & Bell. This area has some small city parks with shade trees and grass. "
    0
    Flag
  • Trulia User
    "Well maintained. Friendly. Views. Proximity to schools. Near highway access. Park for kids and adults. "
    4
    Flag
  • Trulia User
    "it's quiet and there's rarely any dangerous activity happening and you can walk outside without having to look over your shoulder "
    0
    Flag
  • Trulia User
    "I am no more than 40 minutes away from anything in the area. twenty minutes to work, walking distance to shops and restaurants. "
    0
    Flag
  • Trulia User
    "the active park down the street and convenience of of major highways in Central Phoenix. great schools "
    1
    Flag
  • Trulia User
    "Many dog owners!! Always out walking their dogs & lizards. Not many snakes in the area. If there are they are friendly. "
    0
    Flag
  • Trulia User
    "there are some dog owners who unleash thier large and poorly behaved dogs. most dog walkers pick up after thier pets"
    0
    Flag
  • Trulia User
    "Our commute centers on Elementary School and the time of day ~ 15 to 30min depending on traffic. Local drives average 10-15min."
    0
    Flag
  • Trulia User
    "no events in this neighborhood at this time. community center used to gold events but plenty of churches in the area with events."
    0
    Flag
  • Trulia User
    "commute is easy and not a lot of traffic. I feel people drive properly and follow traffic laws and speed limits "
    1
    Flag
  • Trulia User
    "I live in a 55+ gated community which we call a village. Everyone watches out for one another. We have all kinds of clubs and activities. Covid brought everything to a halt but now we are starting to socialize again. I love the stores and shopping close by also. "
    0
    Flag
  • Trulia User
    "close to park and fwy ,shopping and work, great restaurants, easy to get to Kierland ,fashion Square, and 3 Costcos! Neighborhood is great community "
    0
    Flag
  • Trulia User
    "easy access to all areas of the valley with access to 51 and the 101. very convenient to move about the Valley without much thought "
    0
    Flag
  • Trulia User
    "This is a great dog walking community. There are plenty of trash bins for waste disposal and a lot of walking paths and park area to run dogs. "
    0
    Flag
  • Trulia User
    "There are no community events that happen in this neighborhood. That would be nice if there was. My "
    0
    Flag
  • Trulia User
    "Just lots of places to walk your pets on safe quiet streets. Lots of trails too. Plenty of parks as well."
    0
    Flag
  • Samir L.
    "People for the most part pick up after their dogs. And there is the greenbelt next to the freeway that's very nice. "
    5
    Flag
  • Karissa S.
    "We join my sister in law on walks with her dogs and they absolutely love it! Everyone’s dogs are behaved and on leases. People respect one another "
    3
    Flag
  • Cheryl G.
    "Nice neighbors that are respectful of others and their property. Dog owners pick up after their pets. No trashy music being played throughout the day and night if you work from home. As i work from home that is a deal breaker for me."
    1
    Flag
  • Karissa S.
    "The mall has a carnival every so often. But I have never been. Other than that I haven’t seen any other community events in my neighborhood. "
    0
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Homes for sale near 1927 E CROCUS Drive

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Off Market Homes Near 1927 E CROCUS Drive

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1927 E CROCUS Drive, Phoenix, AZ 85022 is a 6 bedroom, 1 bathroom, 10,800 sqft multi-family built in 1986. 1927 E CROCUS Drive is located in Paradise Valley, Phoenix. This property is not currently available for sale. 1927 E CROCUS Drive was last sold on Jun 11, 2026 for $775,000 (9% lower than the asking price of $850,000). The current Trulia Estimate for 1927 E CROCUS Drive is $802,300.