Phoenix, AZ 85018,3636 E VERDE Lane
See all 34 photos
Phoenix, AZ 85018,3636 E VERDE Lane
Phoenix, AZ 85018,3636 E VERDE Lane
Phoenix, AZ 85018,3636 E VERDE Lane
Phoenix, AZ 85018,3636 E VERDE Lane
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,850,000
Est. payment /mo
Price Dropped by $145K

3636 E VERDE Lane Phoenix, AZ 85018


UPDATED:

10/31/2024 10:51 AM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Oakshire

MLS Listing ID 6591677

Maintenance Fees $2,700

Originating Board Arizona Regional Multiple Listing Service (ARMLS)

Year Built 1955

Annual Tax Amount $2,622

Tax Year 2023

Lot Dimensions irr

Property Description

SELLER CARRYBACK! 3636 E Verde Phoenix is a charming and well-maintained 9-unit apartment building located in the sought-after neighborhood of Arcadia Lite in Phoenix, Arizona. This property offers a fantastic opportunity for both investors and tenants alike with its recent renovations and appealing amenities.
One of the most significant updates to the property is the installation of new pipes, which ensures a reliable plumbing system for all the units. Additionally, a newer roof has been put in place, providing enhanced protection against the elements and reducing maintenance costs for the foreseeable future.

The building's appeal is further enhanced by the inclusion of dual-pane windows in each unit. These windows not only improve energy efficiency but also minimize noise pollution, These windows not only improve energy efficiency but also minimize noise pollution, allowing tenants to enjoy a peaceful and comfortable living experience.

Moreover, with the electric masts being raised, residents can benefit from a more reliable electrical supply, ensuring uninterrupted power to all units.

The exterior of the property has not been overlooked in the renovations. New landscaping has been added, creating an inviting and visually appealing environment for the residents. Tenants can take advantage of well-maintained space to relax, socialize, or simply enjoy the outdoors.

All nine units are currently fully occupied, indicating a strong demand for housing in this desirable location. This presents an excellent opportunity for the property owner to increase rental rates gradually, contributing to enhanced profitability and return on investment.

For the convenience of the residents, the property boasts an on-site laundry room, making laundry chores a breeze. This amenity is highly valued by tenants, making it an attractive feature for prospective renters as well.

Moreover, for additional income potential, the property offers a garage rental option. Tenants have the option to rent garages for extra storage space or to park their vehicles securely, providing an added incentive to choose this property as their home.

Arcadia Lite is a popular neighborhood known for its unique blend of urban convenience and suburban charm. Residents of this area enjoy easy access to a variety of dining, shopping, and entertainment options, making it an enticing location for potential tenants.

In conclusion, 3636 E Verde Phoenix is a well-maintained, fully occupied 9-unit apartment building with numerous attractive features, including new pipes, a newer roof, dual-pane windows, raised electric masts, new landscaping, on-site laundry facilities, and the option for garage rentals. Situated in the desirable Arcadia Lite neighborhood, this property offers excellent potential for rental income growth, making it an appealing investment opportunity in the Phoenix real estate market.

Buyer to verify all facts and figures.

Location

State AZ

County Maricopa

Community Oakshire

Zoning M-M

Direction From 36th Street go east to 37th Street. Turn North to Verde. Property sits on the North East corner.

Interior

Heating Individual, Heat Pump

Cooling Individual, Heat Pump, Ceiling Fan(s)

Flooring Carpet, Ceramic Tile

Appliance F/S Oven/Range

Exterior

Garage Free, Add'l Parking Avail, >1 Space Per Unit, Street Parking, Common

Community Features No Pool

Waterfront No

Roof Type Composition

Parking Type Free, Add'l Parking Avail, >1 Space Per Unit, Street Parking, Common

Total Parking Spaces 12

Garage Yes

Building

Sewer Sewer-In & Connected, Public Sewer

Water City Franchise, Master Meter

Schools

School District Phoenix Union High School District

Others

Senior Community No

Tax ID 127-22-072-A

Acceptable Financing Conventional, Owner May Carry

Listing Terms Conventional, Owner May Carry


Arizona Regional MLS (ARMLS)
Listed by Gerchick Real Estate

Christi Brink

Agent | sasa581254000

+1(480) 747-8899

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.

Go tour this home

3636 E VERDE Lane