Listing Courtesy of: Arizona Regional MLS / Gerchick Real Estate
3636 E Verde Lane Phoenix, AZ 85018
Active (394 Days)
$1,995,000
Description
MLS #:
6591677
6591677
Taxes
$2,622
$2,622
Type
Multifamily
Multifamily
Year Built
1955
1955
County
Maricopa County
Maricopa County
Listed By
Linda S Gerchick, Gerchick Real Estate
Source
Arizona Regional MLS
Last checked Sep 8 2024 at 2:41 AM GMT+0000
Arizona Regional MLS
Last checked Sep 8 2024 at 2:41 AM GMT+0000
Bathroom Details
Heating and Cooling
- Individual
- Heat Pump
- Ceiling Fan(s)
Flooring
- Carpet
- Ceramic Tile
Exterior Features
- Stucco
- Block
- Painted
- Frame - Wood
- Roof: Composition
Utility Information
- Sewer: Sewer-In & Connected, Public Sewer
Garage
- Garage
Parking
- Common
- >1 Space Per Unit
- Free
- Street Parking
- Add'L Parking Avail
Location
Estimated Monthly Mortgage Payment
*Based on Fixed Interest Rate withe a 30 year term, principal and interest only
Listing price
Down payment
%
Interest rate
%Mortgage calculator estimates are provided by Better Homes and Gardens Real Estate LLC and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Listing Data Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All Rights reserved
Information Deemed Reliable but not Guaranteed.
ARMLS Last Updated: 9/7/24 19:41.
Information Deemed Reliable but not Guaranteed.
ARMLS Last Updated: 9/7/24 19:41.
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.