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3629 E Verde Ln
Phoenix, AZ 85018 East Phoenix

$588,000

Apartments For Sale  •  2,737 Sq Ft

Property Details

  • Property Type Apartments
  • Total Building Size 2,737 Sq Ft
  • Lot Size 0.15 ac
  • Year Built 1956
  • Zoning R-3
43 Transit Score
70 Walk Score

Description

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 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.

Highlights

Turnkey Affordability In Arcadia Lite
Washer-Dryer Hookups
Private Back Yards

Property Flyers

Financial Summary (Proforma)

Net Operating Income: $36,000 (2019)

Amenities

  • Air Conditioning
  • Picnic Area
  • Washer/Dryer

Public Transportation

AirportDriveWalkDistance
Phoenix Sky Harbor International Airport 12 min - 5.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 3
Type: Covered
Included in Rent: Yes
Mark Skelpsa 480-430-5752 Arizona Investment & Management
Mark Skelpsa 480-430-5752 Arizona Investment & Management