MLS# 6746455 – 1708 E Verde Lane, Phoenix, AZ 85016

Price: $895,000
Beds: 5
Baths: 5
Living Area SqFt: 2,462.70
Status: Active
Property Type: Single Family Residence
Lot Size Acres: 0.19
Lot Size SqFt: 8,215
Year Built: 1950
Neighborhood: Gardendale Add.
Days on Website: 140

Courtesy of eXp Realty

Property Description

For investors seeking an IMMEDIATE INCOME generation with no additional investment required! 2023 average occupancy rate 93%. Current Airbnb rating 4.85 out of 5. CAP RATE 9.64%!!! Possible to enter with 5% DOWN! Meticulously RENOVATED 4-UNIT + shed Rental in Central Phoenix! Comes with over $5,000 in Bookings. Nestled in one of Phoenix’s most DESIRABLE LOCATIONS with immediate access to HWY-51, 2 min drive to Phoenix Children’s Hospital, 8 min drive to Biltmore Fashion Park, top-rated dining, and vibrant nightlife. This rental is a top choice of traveling nurses!Each unit is designed to provide guests with comfort and style, ensuring HIGH OCCUPANCY RATES. Every unit features a modern Kitchen, Bath, and separate Private Access. A well-maintained shared outdoor space with seating, hammock, fire pit and BBQ facilities creates an inviting atmosphere for relaxation. Convenient laundry facility w/washer & dryer is available for guest use.

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Property Details and Features

  • Bathrooms
  • 5 total decimal bathrooms
  • 5 total bathrooms
  • Bedrooms
  • 5 total bedrooms
  • Building
  • Built in 1950
  • Architectural style: “Other (See Remarks)”
  • Living area: 2462.7
  • Construction materials: “Painted”, “Siding”, “Frame – Wood”
  • Other structures: “Guest House”
  • Cooling
  • “Refrigeration”
  • “Wall/Window Unit(s)”
  • “Ceiling Fan(s)”
  • Exterior Features
  • “Covered Patio(s)”
  • “Patio”
  • “Storage”
  • “Built-in Barbecue”
  • Fence
  • “Block”
  • “Chain Link”
  • Fireplaces
  • “1 Fireplace”
  • Floors
  • “Carpet”
  • “Laminate”
  • “Tile”
  • Garage
  • 2 spaces
  • Heating
  • “Mini Split”
  • “Electric”
  • Home Owner’s Association
  • Association fee includes: “No Fees”
  • Interior Features
  • “Eat-in Kitchen”
  • “Breakfast Bar”
  • “No Interior Steps”
  • “Kitchen Island”
  • “Pantry”
  • “Full Bth Master Bdrm”
  • “High Speed Internet”
  • Listing
  • Listing ID: 6746455
  • Standard status: Active
  • 118 days on market
  • Location
  • Subdivision name: GARDENDALE ADD.
  • Lot
  • 0.19 acres
  • 8,215 sqft
  • “Natural Desert Back”
  • “Gravel/Stone Front”
  • Parking
  • “Tandem”
  • Pool
  • “None”
  • Possession
  • “Close Of Escrow”
  • Roof
  • “Composition”
  • Schools
  • Elementary school: Larry C Kennedy School
  • High school: Camelback High School
  • High school district: Phoenix Union High School District
  • Sewer
  • “Public Sewer”
  • Taxes
  • Annual amount: $3,364
  • Lot: 12
  • Windows
  • “Dual Pane”

Property Map

$895,000 – 1708 E Verde Lane, Phoenix, AZ 85016

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This content last updated on January 9, 2025 1:07PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.