1708 E VERDE Lane, Phoenix, AZ 85016

$895,000 Asking Price

5 beds
5 baths
2,462  sqft
Built in 1950

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.

Features & Amenities

Interior

General:
Eat-in Kitchen, Breakfast Bar, No Interior Steps, Kitchen Island, Pantry, Full Bth Master Bdrm, High Speed Internet
Flooring:
Carpet, Laminate, Tile
A/C:
Refrigeration, Wall/Window Unit(s), Ceiling Fan(s)
Heating:
Mini Split, Electric
Fireplace:
1 Fireplace, Fireplace

Exterior

General:
Covered Patio(s), Patio, Storage, Built-in Barbecue, Guest House
Style:
Other (See Remarks)
Pool:
None
Parking:
Tandem

Construction

Roofing:
Composition
Windows:
Dual Pane
General:
Painted, Siding, Frame - Wood

Location

HOA Amenities:
No Fees
Originating MLS:
Arizona Regional Multiple Listing Service 2
School District:
Creighton Elementary District
County:
Maricopa

Lot

Zoning:
11933040
Fencing:
Block, Chain Link

Utilities

Water:
City Water
Sewer:
Public Sewer

Financial

Source:
Arizona Regional Multiple Listing Service 2

This listing courtesy of:
eXp Realty, Natalia Yalin

About Phoenix, AZ

Housing

Number of Units
596,932
Median Home Value
$290,395
Median Rent
$952

46.44% of housing units are renter occupied.

7.47% are vacant.

Commute

Car
66.98%
Public Transportation
2.21%
Walk to Work
1.46%
Work from Home
27.70%
Other
1.05%

The median travel time to work is 21 minutes.

People

Population
1,489,498
Median Age
35.00
Median Household Size
2.88

Education

High School
22.87%
Associate’s Degree
7.80%
Bachelor’s Degree
18.93%
Graduate Degree
10.95%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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