Lori Fleetwood and Russ Lyon Sotheby's International Realty
Lori Fleetwood, M.Ed., CNE
602-761-6088602-761-6088

3629 E Verde Lane, Phoenix, AZ 85018 (MLS # 5968788)

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PRICE $590,000
BEDS n/a
BATHS 0 baths
HOME SIZE n/a
LOT SIZE n/a

Turnkey affordability in Arcadia Lite! AIM is pleased to offer the newly renovated Arcadia Verde Triplex at over a 6% cap rate! All of the heavy lifting has been done with beautiful new kitchens, baths, flooring, etc. Kitchens feature new cabinets with granite tops, backsplashes, and new stainless appliance packages. All units are very large two-bedrooms and one of them has two baths! They are 100% occupied and leased out at healthy rents with one-year leases. A new owner can simply step into a great location with stable cash flow and nothing to repair or renovate. This central Phoenix location is hot, with renovation and redevelopment all around! Folks want to live near the shopping and entertainment Arcadia Lite affords. The owner pays... The owner pays water/sewer/trash; tenants pay electric and gas. Each unit has a private back yard with W/D hookups, and there is ample off street covered parking.

DAYS ON MARKET 24 LAST UPDATED 9/13/2019
TRACT Oakshire YEAR BUILT 1956
COUNTY Maricopa STATUS Active
PROPERTY TYPE(S) Multi Family

SCHOOLS
School District Phoenix Union High School District (210)
Grade School Creighton Elementary District (014)


ADDITIONAL DETAILS
1 BEDROOM UNITS: # 1 BEDROOM UNITS 0
1 BEDROOM UNITS: # BATHS 0
1 BEDROOM UNITS: AVG RENT 0.00
1 BEDROOM UNITS: AVG SQFT 0
2 BEDROOM UNITS: # 2 BEDROOM UNITS 3
2 BEDROOM UNITS: # BATHS 2
2 BEDROOM UNITS: AVG RENT 1367.00
2 BEDROOM UNITS: AVG SQFT 913
3 BEDROOMS UNITS: # 3 BEDROOM UNITS 0
3 BEDROOMS UNITS: # BATHS 0
3 BEDROOMS UNITS: AVG RENT 0.00
3 BEDROOMS UNITS: AVG SQFT 0
4 BEDROOMS UNITS: # 4 BEDROOM UNITS 0
4 BEDROOMS UNITS: # BATHS 0
4 BEDROOMS UNITS: AVG RENT 0.00
4 BEDROOMS UNITS: AVG SQFT 0
APPLIANCES INCLUDED BI Oven/Range, Refrigerator, W/D Hookup, Washer/Dryer
COMMUNITY AMENITIES No Pool
CONST - FINISH Painted
CONSTRUCTION Block
COOLING Heat Pump
COUNTY CODE Maricopa
ELECTRIC City Electric, Individual Meter
FLOORS Ceramic Tile
GAS Individual Meter, SW Gas
HEATING Heat Pump
INCOME & EXPENSES: ADJUSTED GROSS INC 0.00
INCOME & EXPENSES: ANNUAL ELEC EXP 0.00
INCOME & EXPENSES: ANNUAL GAS EXP 0.00
INCOME & EXPENSES: ANNUAL INS EXP 0.00
INCOME & EXPENSES: ANNUAL LAND LSE EXP 0.00
INCOME & EXPENSES: ANNUAL LANDSCAPE EXP 0.00
INCOME & EXPENSES: ANNUAL LEGAL & ACCTG 0.00
INCOME & EXPENSES: ANNUAL MAINT EXP 0.00
INCOME & EXPENSES: ANNUAL MGMT EXP 0.00
INCOME & EXPENSES: ANNUAL OTHER EXPENSE 0.00
INCOME & EXPENSES: ANNUAL OWNR ASOC FEE 0.00
INCOME & EXPENSES: ANNUAL PAD FEE 0.00
INCOME & EXPENSES: ANNUAL RPLCMNT RSRVS 0.00
INCOME & EXPENSES: ANNUAL TRASH EXP 0.00
INCOME & EXPENSES: ANNUAL WTR/SWR EXP 0.00
INCOME & EXPENSES: GROSS ANNUAL SCH INC 0.00
INCOME & EXPENSES: NET OPERATING INCOME 0.00
INCOME & EXPENSES: OPERATING EXP 1555.00
INCOME & EXPENSES: OTHER INCOME 0.00
INCOME & EXPENSES: OWNER ASSOCIATION No
INCOME & EXPENSES: VACANCY ALLOWANCE 0.00
LEGAL INFO: LOT NUMBER 4
LEGAL INFO: RANGE 3E
LEGAL INFO: SECTION 25
LEGAL INFO: TOWNSHIP 2N
LOT SIZE DIMENSIONS Irr
MARKETING NAME Arcadia Verde Triplex
NEW FINANCING 1031 Exchange, Conventional
OWNER PAYS Sewer, Trash, Water
PARKING 1 Space/Unit, Carport
PROJECT TYPE Tri-Plex
ROADS/STREETS Asphalt/Blacktop
ROOFING Built-Up
SALE INCLUDES Building(s) Only, Personal Property
SEWER Sewer - Public
SOURCE OF FINCL DATA Projected Proforma, Provided by Owner
STATUS - CONTINGENT UCB (Under Contract-Backups)
TAX MUNICIPALITY Phoenix
TAXES 1555.00
TENANT PAYS Cable TV, Electric, Gas
TOTAL # OF UNITS 3.00
TOTAL PARKING SPCS 4.00
WATER City Franchise, Master Meter
ZONING R-3

ZESTIMATE
$582787  3629 E Verde Lane, Phoenix, AZ

RENT ZESTIMATE
$1495 / mo.  3629 E Verde Lane, Phoenix, AZ

64 Somewhat Walkable



 
CONTACT US ABOUT 3629 E VERDE LANE
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Listed with Arizona Investment & Mgt, LLC
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Data last updated 9/16/19 2:17 AM PDT.