3636 E VERDE Lane, Phoenix, AZ 85018 (MLS# 6591677)

Project Type: 5 - 12 Units

Construction: Block; Frame - Wood

Const - Finish: Painted; Stucco

Roofing: Comp Shingle

Floors: Ceramic Tile; Carpet

Sale Includes: Land & Building; Personal Property; Laundry Equipment

Community Amenities: No Pool

Exterior Amenities: Desert Landscaping; Partially Fenced; Cable TV Available; Separate Storage; Security Light(s)

Interior Amenities: Unfurnished; Fire/Smoke Alarm(s); Vertical Blinds

Appliances Included: F/S Oven/Range; Refrigerator

Heating: Individual; Heat Pump

Cooling: Ceiling Fan(s); Heat Pump; Individual

Water: City Franchise; Master Meter

Sewer: Sewer - Public; Sewer-In & Connected

Electric: APS; Individual Meter

Gas: SW Gas; Master Meter

Parking: Garage; Carport; Street Parking; >1 Space Per Unit; Add'l Parking Avail; Free

Roads/Streets: Asphalt; Curb(s) & Gutter(s); Sidewalk(s)

Owner Pays: Water; Gas; Trash Collection; Landscaping

Tenant Pays: Electric; Cable TV

Source of Fincl Data: Projected Proforma; Books Shwn Accpt Ofr

Showing Notification Methods: Text; Email; Phone Call

Lockbox Type: None

Existing 1st Loan: Treat as Free&Clear

New Financing: Conventional; Seller May Carry

Reports/Disclosures: Seller Prop Disc Stm; APOD/Backup Avaible; Sch of Personal Prop; Other (See Remarks)

Environmental: None

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.