Key Details
Property Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Subdivision Oakshire
MLS Listing ID 6591677
Maintenance Fees $2,700
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1955
Annual Tax Amount $2,622
Tax Year 2023
Lot Dimensions irr
Property Description
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.
Location
State AZ
County Maricopa
Community Oakshire
Zoning M-M
Direction From 36th Street go east to 37th Street. Turn North to Verde. Property sits on the North East corner.
Interior
Heating Individual, Heat Pump
Cooling Individual, Heat Pump, Ceiling Fan(s)
Flooring Carpet, Ceramic Tile
Appliance F/S Oven/Range
Exterior
Garage Free, Add'l Parking Avail, >1 Space Per Unit, Street Parking, Common
Community Features No Pool
Waterfront No
Roof Type Composition
Parking Type Free, Add'l Parking Avail, >1 Space Per Unit, Street Parking, Common
Total Parking Spaces 12
Garage Yes
Building
Sewer Sewer-In & Connected, Public Sewer
Water City Franchise, Master Meter
Schools
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 127-22-072-A
Acceptable Financing Conventional, Owner May Carry
Listing Terms Conventional, Owner May Carry
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