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$795,000

  • Sold
  • Closed
  • Multi-Family
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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.

Full Property Details for 1708 E Verde Ln

General

  • Sold For: $795,000
  • HOA FEE: $31,975
  • Taxes: $3,853 (2024)
  • Status: Closed
  • Type: Multi-Family
  • Source: ARMLS_Arizona_MLS_Phoenix_Area
  • MLS ID: 6817836
  • Added to Site: 373 day(s) ago

Interior

  • Flooring: Carpet, Ceramic Tile

Parking

  • Covered Spaces: 2
  • Total Spaces: 4
  • Parking Features: Free, On Street

Location

  • County: Maricopa
  • Township: 2N
  • Subdivision: GARDENDALE ADD.
  • Cross Streets: N 16TH ST & E THOMAS RD

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Wall/Window Air Conditioning, Electric
  • Heating Type: Window/Wall Unit(s), Electric

Utilities

  • Water: See Remarks

Structural Information

  • # Buildings: 1
  • Exterior Const.: Wood Frame, Stucco
  • Roof: Composition
  • Year Built: 1950

Unit Information

  • Vacancy %: .03

Lot Features

  • Lot Dimensions: 8215
  • Frontage: Asphalt
  • Zoning: R1-6

Financial Considerations

  • Maint. Fee/Month: $31,975
  • Tax Amount: $3,853.98
  • Tax Year: 2024
  • Terms: No Carry, Conventional, FHA, VA Loan
  • Owner Pays: Gas, Electricity, Trash Collection, Water, Sewer, Cable TV, Landscaping

Disclosures and Reports

  • Legal Description: GARDENDALE ADD
  • Property ID: 119-33-040
  • Range: 3E
  • Section: 27
  • Lot Number: 12

Listed by eXp Realty
Sold by Non-MLS Office

Listing agent

— 1708 E Verde Ln —

  • eXp Realty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1708 E Verde Ln

School Districts:Creighton Elementary District, Phoenix Union High School District
NameGradesDistance
Loma Linda Elementary School
2002 East Clarendon Avenue, Phoenix, AZ 85016
K-80.8 mi
North High School
1101 East Thomas Road, Phoenix, AZ 85014
9-120.9 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1708 E Verde Ln

Date
Details
Price
Change
Source
6/16/2025
Sold
$795,000
-11.37%
MLS
2/12/2025
Listed
$897,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by eXp Realty
Sold by Non-MLS Office

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1708 E Verde Lane, Phoenix, AZ 85016 (MLS# 6817836) is a Multi-Family property that was sold at $795,000 on June 16, 2025. Want to learn more about 1708 E Verde Lane? Do you have questions about finding other Multi-Family real estate for sale in Phoenix? You can browse all Phoenix real estate or contact a Coldwell Banker agent to request more information.