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Sold on 01/01/2021

3628 E Verde Ln #1, Phoenix, AZ 85018

$475,000

Last sold 01/01/2021 after 80 Days

  • 6

    bed

  • 3

    bath

Multi-family not for sale
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About 3628 E Verde Ln #1

Property type Multi-family
Neighborhood
Year built 1961
HOA fee $0/month
Property description
LOCATION, LOCATION, LOCATION!* Perfect for owner occupant. Lots of Charm! Two 2- bedroom 1 bath and One 2-bedroom 1.5 bath. Washer/dryer hookups in each unit. Vaulted ceilings. Individual carports adjoin the units. Well built triplex located between Biltmore & Arcadia sub-markets. All financial information is based on proforma rents and expenses. Buyer to verify all information prior to close of escrow. Do not disturb tenants! Drive by only!
Listed by
Listing Agent - Lawrence T Wright
Listing Office - Better Homes & Gardens Real Estate SJ Fowler
Source: ARMLS mls logo
MLS#6147373 • last updated 2 years ago
Movoto checked ARMLS for data 2 minutes ago
Overview
Cooling/AC Electric
Heating Individual, Electric
MLS # 6147373
Type Multiple Dwellings
Status Closed
Property Tax 1724
Year Built 1961
Interior
Flooring Ceramic Tile, Wood
Appliances Refrigerator
Exterior
Roof Composition
Construction Painted, Block
Parking 1 Space/Unit, Carport
# of Open Parking Spaces 2
# of Covered Spaces 5
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Location
Community Features No Pool
Elementary School District Creighton Elementary District
High School District Phoenix Union High School District
APN 127-22-070
Zoning R-3
Directions 36th St And Thomas Rd East To 37th St North To Verde Ln West To Property.
Multifamily Details
Total # of Units 3
Expense: Operating 10041
Financial Data Source Projected Proforma
Expense: Maintenance 1800
Vacancy Allowance 0.05
Expense: Insurance 1000
Net Operating Income 22465
Gross Income 32490
Expense: Electric 500
Expense: Trash 1050
Expense: Professional Management 2600
Expense: Water/Sewer 867
Gross Scheduled Income 34200
Expense: Gardener 500
We are not permitted to show value estimates for this property.
  • Dec 2020
    mls logo MLS # 6147373
  • Dec 31, 2020 Sold
    $475,000
  • Oct 31, 2020 Listed
    —
  • Oct 23, 2020 Pending
    —
  • Oct 15, 2020 Listed
    $499,000 (+188.0%)
  • Oct 13, 2020 Listed
    —
  • Dec 2020
    Public Records
  • Dec 31, 2020 Sold
    $475,000 (-4.8%)
  • May 2014
    mls logo MLS # 5111388
  • May 7, 2014 Sold
    $173,250
  • Apr 25, 2014 Listed
    $179,000
  • Apr 2014
    Public Records
  • Apr 25, 2014 Sold
    $173,250 (-3.2%)
  • Year Property taxes Tax assessment
  • 2024
    $1,816 +1.2%
    $66,570 -13.61%
  • 2023
    $1,795 +4.1%
    $77,060 +42.68%
  • 2022
    $1,725 -2.4%
    $54,010 +38.24%
  • 2021
    $1,767 +2.5%
    $39,070 +4.33%
  • 2020
    $1,724 +0.7%
    $37,450 +16.63%
  • 2019
    $1,712 +2.1%
    $32,110 +26.37%
  • 2018
    $1,676 +4.0%
    $25,410 +15.19%
  • 2017
    $1,612 +4.0%
    $22,060 +14.6%
  • 2016
    $1,549 +7.5%
    $19,250
  • 2015
    $1,441
    —
  • 3628 E Verde Ln #1
    $475K
  • Citrus Acres
    $350K -52% y/y
  • 85018
    $1.45M +3% y/y
  • Phoenix
    $464K 0% y/y
No chart available
Statistics calculated by Movoto

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3/10
Monte Vista Elementary School
public Grades PK, K-8
Creighton Elementary District
2/10
Camelback 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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