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Sold on 06/17/2025
  • Other
  • Dining
  • Kitchen
  • Living
  • Bedroom
  • Bath
  • Entry Way
  • Exterior

1708 E Verde Ln, Phoenix, AZ 85016

  • $795,000

    Last sold 06/17/2025 after 129 Days

  • 5

    bed

  • 4

    bath

Multi-family not for sale
80 homes bought nearby with Movoto recently

About 1708 E Verde Ln

Property type Multi-family
Neighborhood
Year built 1950
HOA fee $0/month
Property description
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.
Listed by
Listing Agent - Natalia Yalin
Listing Office - eXp Realty
Source: ARMLS mls logo
MLS#6817836 • last updated 3 months ago
Movoto checked ARMLS for data 21 minutes ago
Overview
Cooling/AC Window/Wall Unit, Electric
Heating Window/Wall Unit(s), Electric
MLS # 6817836
Type Multiple Dwellings
Status Closed
Property Tax 3853.98
Year Built 1950
Interior
Flooring Carpet, Ceramic Tile
Appliances Built-In Range, Dishwasher, Refrigerator, Microwave, Washer/Dryer
Exterior
Roof Composition
Construction Wood Frame, Stucco
Parking Free, On Street
# of Open Parking Spaces 2
# of Covered Spaces 2
Amenities / Utilities
Water Source See Remarks
Sewer/Septic Public Sewer
Location
Subdivision GARDENDALE ADD.
Community Features No Pool
Elementary School Larry C Kennedy School
Elementary School District Creighton Elementary District
Middle School Larry C Kennedy School
High School District Phoenix Union High School District
High School Camelback High School
APN 119-33-040
Zoning R1-6
Directions Get On AZ-202/AZ-202 Loop W. Drive From AZ-101 Loop N And AZ-202 To Phoenix. Take Exit 2 From AZ-51 N Toward Thomas Rd. Turn Right Onto N 18th St. Turn Left Onto E Verde Ln.
Multifamily Details
Total # of Units 4
Expense: Operating 46705.98
Financial Data Source Owner
Expense: Maintenance 31975
Vacancy Allowance 0.03
Expense: Insurance 1700
Net Operating Income 118195
Gross Income 164900
Expense: Electric 4622
Expense: Other 700
Expense: Trash 855
Expense: Water/Sewer 3000
Gross Scheduled Income 170000
Lot/ Land Details
Road Surface Asphalt
We are not permitted to show value estimates for this property.
  • Jun 2025
    mls logo MLS # 6817836
  • Jun 17, 2025 Sold
    $795,000
  • Mar 17, 2025 Listed
    —
  • Feb 24, 2025 Pending
    —
  • Feb 8, 2025 Listed
    $897,000 (+0.2%)
  • Jun 2025
    Public Records
  • Jun 16, 2025 Sold
    $795,000 (-11.4%)
  • Feb 2025
    mls logo MLS # 6746455
  • Feb 27, 2025 Pending
    —
  • Feb 26, 2025 Listed
    $897,000
  • Feb 25, 2025 Pending
    —
  • Nov 20, 2024 Listed
    —
  • Nov 15, 2024 Pending
    —
  • Sep 13, 2024 Price Change
    $895,000 (-0.2%)
  • Aug 20, 2024 Listed
    $897,000 (+40.2%)
  • Sep 2024
    mls logo MLS # 6756345
  • Sep 12, 2024 Listed
    $897,000
  • May 2023
    mls logo MLS # 6506250
  • May 2, 2023 Sold
    $640,000
  • Apr 11, 2023 Pending
    —
  • Mar 17, 2023 Price Change
    $659,000 (-0.7%)
  • Mar 13, 2023 Price Change
    $663,900 (-0.2%)
  • Mar 2, 2023 Price Change
    $665,299 (-0.3%)
  • Feb 22, 2023 Price Change
    $667,200
  • Feb 15, 2023 Price Change
    $667,500 (-1.0%)
  • Feb 3, 2023 Price Change
    $674,000
  • Jan 26, 2023 Price Change
    $674,500 (-0.7%)
  • Jan 26, 2023 Listed
    —
  • Jan 20, 2023 Pending
    —
  • Jan 11, 2023 Price Change
    $679,500 (-2.8%)
  • Jan 11, 2023 Listed
    $699,000 (+2.8%)
  • Apr 2023
    Public Records
  • Apr 27, 2023 Sold
    $640,000 (-2.9%)
  • Jan 2023
    mls logo MLS # 6438626
  • Jan 3, 2023 Price Change
    $679,900 (-0.5%)
  • Dec 27, 2022 Price Change
    $683,000
  • Dec 21, 2022 Price Change
    $683,500
  • Dec 17, 2022 Price Change
    $683,900
  • Dec 11, 2022 Price Change
    $684,000 (-0.1%)
  • Dec 8, 2022 Price Change
    $684,900 (-0.6%)
  • Dec 4, 2022 Listed
    —
  • Oct 24, 2022 Pending
    —
  • Oct 18, 2022 Price Change
    $689,000 (-0.1%)
  • Oct 11, 2022 Price Change
    $690,000 (-0.7%)
  • Oct 1, 2022 Price Change
    $695,000 (-0.6%)
  • Sep 27, 2022 Price Change
    $699,000 (-0.1%)
  • Sep 20, 2022 Price Change
    $699,900 (-5.7%)
  • Sep 16, 2022 Price Change
    $742,500
  • Sep 13, 2022 Price Change
    $742,550 (-0.4%)
  • Sep 8, 2022 Price Change
    $745,500
  • Sep 4, 2022 Price Change
    $746,000 (-0.1%)
  • Aug 29, 2022 Price Change
    $747,000 (-0.3%)
  • Aug 22, 2022 Price Change
    $749,000 (-0.1%)
  • Aug 16, 2022 Price Change
    $749,900 (-0.5%)
  • Aug 10, 2022 Price Change
    $754,000 (-0.1%)
  • Aug 1, 2022 Price Change
    $754,900 (-0.1%)
  • Jul 29, 2022 Price Change
    $756,000 (-0.1%)
  • Jul 22, 2022 Listed
    $757,000
  • Jul 2022
    mls logo MLS # 6404692
  • Jul 20, 2022 Price Change
    $757,000 (-0.1%)
  • Jul 13, 2022 Price Change
    $758,000 (-0.1%)
  • Jul 8, 2022 Price Change
    $759,000 (-4.8%)
  • Jul 5, 2022 Price Change
    $797,000 (-0.1%)
  • Jun 30, 2022 Price Change
    $798,000 (-0.1%)
  • Jun 24, 2022 Price Change
    $799,000 (-3.6%)
  • Jun 23, 2022 Price Change
    $829,000 (-0.7%)
  • Jun 17, 2022 Price Change
    $835,000 (-5.0%)
  • Jun 13, 2022 Price Change
    $879,000 (-1.1%)
  • Jun 9, 2022 Price Change
    $889,000 (-0.6%)
  • Jun 6, 2022 Price Change
    $894,000 (-0.6%)
  • May 30, 2022 Price Change
    $899,000 (-0.1%)
  • May 23, 2022 Listed
    $899,999 (+243.5%)
  • Feb 2022
    Public Records
  • Feb 25, 2022 Sold
    $262,000
  • 1708 E Verde Ln
    $795K
  • Encanto
    $539K
  • 85016
    $558K -2% y/y
  • Phoenix
    $465K -2% y/y
No chart available
Statistics calculated by Movoto

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2/10
Loma Linda Elementary School
public Grades PK, K-8
Creighton Elementary District
3/10
North High School
public Grades 9-12
Phoenix Union High School District
8/10
Phoenix Coding Academy
public Grades 9-12
Phoenix Union High School District
Source: GreatSchools.org © 2026. All rights reserved.

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