1708 E Verde Ln Phoenix, AZ 85016
Estimated payment $5,318/month
Highlights
- Cooling System Mounted To A Wall/Window
- Ceramic Tile Flooring
- Window Unit Heating System
- Phoenix Coding Academy Rated A
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,854
Year Built
- Built in 1950
Home Design
- Wood Frame Construction
- Composition Roof
- Stucco
Flooring
- Carpet
- Ceramic Tile
Parking
- 4 Parking Spaces
- 2 Covered Spaces
Schools
- Larry C Kennedy Elementary And Middle School
- Camelback High School
Utilities
- Cooling System Mounted To A Wall/Window
- Window Unit Heating System
Listing and Financial Details
- Tax Lot 12
- Assessor Parcel Number 119-33-040
Community Details
Overview
- 4 Units
- Building Dimensions are 8215
- Gardendale Add. Subdivision
Building Details
- Operating Expense $46,706
- Gross Income $164,900
- Net Operating Income $118,195
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,854 | $29,644 | -- | -- |
| 2024 | $3,364 | $28,232 | -- | -- |
| 2023 | $3,364 | $50,960 | $10,190 | $40,770 |
| 2022 | $3,660 | $40,020 | $8,000 | $32,020 |
| 2021 | $3,749 | $38,950 | $7,790 | $31,160 |
| 2020 | $1,037 | $32,050 | $6,410 | $25,640 |
| 2019 | $1,019 | $30,210 | $6,040 | $24,170 |
| 2018 | $924 | $7,400 | $1,480 | $5,920 |
| 2017 | $830 | $7,400 | $1,480 | $5,920 |
| 2016 | $841 | $7,400 | $1,480 | $5,920 |
| 2015 | $797 | $7,400 | $1,480 | $5,920 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/17/2025 03/17/25 | For Sale | $897,000 | 0.0% | -- |
| 02/25/2025 02/25/25 | Off Market | $897,000 | -- | -- |
| 02/21/2025 02/21/25 | Pending | -- | -- | -- |
| 02/12/2025 02/12/25 | For Sale | $897,000 | +40.2% | -- |
| 05/01/2023 05/01/23 | Sold | $640,000 | -2.9% | $255 / Sq Ft |
| 03/29/2023 03/29/23 | Pending | -- | -- | -- |
| 03/17/2023 03/17/23 | Price Changed | $659,000 | -0.7% | $262 / Sq Ft |
| 03/13/2023 03/13/23 | Price Changed | $663,900 | -0.2% | $264 / Sq Ft |
| 03/02/2023 03/02/23 | Price Changed | $665,299 | -0.3% | $265 / Sq Ft |
| 02/22/2023 02/22/23 | Price Changed | $667,200 | 0.0% | $266 / Sq Ft |
| 02/15/2023 02/15/23 | Price Changed | $667,500 | -1.0% | $266 / Sq Ft |
| 02/03/2023 02/03/23 | Price Changed | $674,000 | -0.1% | $268 / Sq Ft |
| 01/26/2023 01/26/23 | For Sale | $674,500 | 0.0% | $269 / Sq Ft |
| 01/26/2023 01/26/23 | Price Changed | $674,500 | -0.7% | $269 / Sq Ft |
| 01/19/2023 01/19/23 | Pending | -- | -- | -- |
| 01/11/2023 01/11/23 | Price Changed | $679,500 | -2.8% | $271 / Sq Ft |
| 01/11/2023 01/11/23 | For Sale | $699,000 | -- | $278 / Sq Ft |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $640,000 | Magnus Title Agency | |
| Warranty Deed | $262,000 | Fidelity National Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $45,000 | New Conventional | |
| Open | $608,000 | New Conventional | |
| Previous Owner | $50,000 | Credit Line Revolving |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6817836
APN: 119-33-040
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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