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3636 E Verde Lane, Phoenix, AZ 85018
$2,195,000
3636 E Verde Lane, Phoenix, AZ 85018View this property at 3636 E Verde Lane, Phoenix, AZ 85018
3636 E Verde LanePhoenixAZ85018
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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.
Full Property Details
Full Property Details for 3636 E Verde Ln
General
- Price: $2,195,000
- HOA FEE: $2,700
- Taxes: $2,622 (2023)
- Status: Active
- Type: Multi-Family
- MLS ID: 6591677
- Updated: 4/17/2024
- Added to Site: 261 day(s) ago
Interior
- Flooring: Carpet, Ceramic Tile
Parking
- Covered Spaces: 8
- Total Spaces: 12
- Parking Features: Free, Add'l Parking Avail, >1 Space Per Unit, Street Parking, Common
Location
- County: Maricopa
- Township: 2N
- Subdivision: OAKSHIRE
- Cross Streets: 36th Street and Thomas
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Individual, Heat Pump, Ceiling Fan(s)
- Heating Type: Individual, Heat Pump
Utilities
- Sewer: Sewer-In & Connected, Public Sewer
- Water: City Franchise, Master Meter
Structural Information
- # Buildings: 3
- Exterior Const.: Painted, Stucco, Block, Frame - Wood
- Roof: Composition
- Year Built: 1955
Unit Information
- Vacancy %: .03
Lot Features
- Lot Dimensions: irr
- Frontage: Asphalt, Curbs and Gutters, Sidewalk(s)
- Zoning: M-M
Financial Considerations
- Maint. Fee/Month: $2,700
- Tax Amount: $2,622
- Tax Year: 2023
- Terms: Conventional, Owner May Carry
- Owner Pays: Gas, Trash Collection, Water, Sewer, Landscaping
- Tenant Pays: Electricity, Cable TV
Disclosures and Reports
- Buyer’s Brokerage Compensation: 3%
- Buyer/Broker Compensation Available: Yes
- Legal Description: LOT 8 OAKSHIRE MCR 005827
- Property ID: 127-22-072-A
- Range: 3E
- Section: 25
- Lot Number: 8
Listed by Gerchick Real Estate
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Schools
Schools serving 3636 E Verde Ln
School Districts:Creighton School District, Phoenix Union High School District
Rating | Name | Grades | Distance |
---|---|---|---|
3501 E Osborn Rd, Phoenix, AZ 85018 | K-8 | 0.4 mi | |
4612 N 28th St, Phoenix, AZ 85016 | 9-12 | 1.9 mi | |
4445 N Central Ave, Phoenix, AZ 85012 | 9-12 | 4.3 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3636 E Verde Ln
Date
Details
Price
Change
Source
4/10/2024
Price Reduced
$2,195,000
-4.57%
MLS
3/30/2024
Sold
$2,300,000
-7.82%
MLS
12/09/2023
Price Reduced
$2,495,000
-12.46%
MLS
11/02/2023
Price Reduced
$2,850,000
-3.39%
MLS
10/05/2023
Price Reduced
$2,950,000
-15.59%
MLS
8/18/2023
Listed
$3,495,000
634.58%
MLS
12/15/2021
Sold
$475,784
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 3636 E Verde Ln
Year
Property Taxes
Change
Tax Assessment
Change
2023
$2,729
4%
$129,500
50%
2022
$2,622
—
$86,260
37%
2022
$2,622
-2%
$62,860
8%
2021
$2,686
2%
$58,350
21%
2020
$2,621
1%
$48,410
27%
2019
$2,602
2%
$38,150
26%
2018
$2,549
4%
$30,160
8%
2017
$2,450
4%
$27,920
20%
2016
$2,355
7%
$23,250
12%
2015
$2,191
6%
$20,750
9%
2014
$2,060
42%
$18,980
86%
2013
$1,452
—
$10,230
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 3636 E Verde Ln
3636 E Verde Lane, Phoenix, AZ 85018 (MLS# 6591677) is a Multi-Family property with 9 units containing 0 bedrooms and 0 full bathrooms. 3636 E Verde Lane is currently listed for $2,195,000 and was received on August 18, 2023. Want to learn more about 3636 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.