1708 E Verde Lane, Phoenix, AZ 85016
- $795,000
- Sold Price
- $795,000
- List Price
- $897,000
- Closing Date
- Jun 16, 2025
- Days on Market
- 128
- Status
- CLOSED
- MLS#
- 6817836
- City
- Phoenix
- Subdivision
- Gardendale Add.
- Year Built
- 1950
Property Description
For investors seeking an IMMEDIATE INCOME generation with no additional investment required! 2024 average occupancy rate 93%. Current Airbnb rating 4.85 out of 5. CAP RATE 9.64%!!! Meticulously RENOVATED 4 unit main house + shed in Central Phoenix! 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.
Additional Information
- Elementary School
- Larry C Kennedy School
- High School
- Camelback High School
- Middle School
- Larry C Kennedy School
- School District
- Phoenix Union High School District
- Community Features
- No Pool
- Construction
- Wood Frame, Stucco
- Cooling
- Window/Wall Unit, Electric
- Electric
- APS
- Flooring
- Carpet, Ceramic Tile
- Heating
- Window/Wall Unit(s), Electric
- New Financing
- No Carry, Conventional, FHA, VA Loan
- Parking Features
- Free, On Street
- Roofing
- Composition
- Sewer
- Public Sewer
- Subdivision
- Gardendale Add.
- Taxes
- $3,853
- Tax Year
- 2024
- Units
- 4
- Water
- See Remarks
- Zoning
- R1-6
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Listing courtesy of eXp Realty. Selling Office: Non-MLS Office.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved.