1708 E Verde Lane, Phoenix, AZ 85016
- $897,000
- List Price
- $897,000
- Status
- ACTIVE
- Days on Market
- 27
- MLS#
- 6756345
- City
- Phoenix
- Year Built
- 1950
Property Description
For investors seeking an IMMEDIATE INCOME generation with no additional investment required! Possible to enter with 5% DOWN! 2023 average occupancy rate 93%. Current Airbnb rating 4.85 out of 5. CAP RATE 9.64%. Meticulously RENOVATED 5-UNIT Short-Term 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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Additional Information
- Taxes
- $3,364
- Net Operating Income
- $86,489
- Cap Rate
- 9.64
- Units
- 5
- Flooring
- Carpet, Ceramic Tile
- Parking Features
- Free, Street Parking
- Construction
- Stucco, Frame - Wood
- Roofing
- Composition
- Cooling
- Electric
- Heating
- Electric
- Zoning
- R1-6
- Subdivision
- Gardendale Add.
- Community Features
- No Pool
- Electric
- APS
- Water
- See Remarks
- Sewer
- Public Sewer
- Tenant Pays
- None
- New Financing
- No Carry, Conventional, FHA, VA Loan
- School District
- Phoenix Union High School District
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Listing courtesy of eXp Realty.
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