1708 East Verde Lane

Phoenix AZ 85016

2462.7 sq. ft.

8215 sq. ft.

Single-Family

Last sold for $795,000

Natalia Yalin, last sold this property on 16 June 2025 after 1119 days on market.

Overview

For investors seeking an IMMEDIATE INCOME generation with no additional investment required! 2023 average occupancy rate 93%. Current Airbnb rating 4.85 out of 5. CAP RATE 9.64%!!! Possible to enter with 5% DOWN! Meticulously RENOVATED 4-UNIT + shed Rental in Central Phoenix! Comes with over $5, 000 in Bookings. Nestled in one of Phoenix's most DESIRABLE LOCATIONS with immediate access to HWY-51, 2 min drive to Phoenix Children's Hospital, 8 min drive to Biltmore Fashion Park, top-rated dining, and vibrant nightlife. This rental is a top choice of traveling nurses!Each unit is designed to provide guests with comfort and style, ensuring HIGH OCCUPANCY RATES. Every unit features a modern Kitchen, Bath, and separate Private Access. A well-maintained shared outdoor space with seating, hammock, fire pit and BBQ facilities creates an inviting atmosphere for relaxation. Convenient laundry facility w/washer & dryer is available for guest use.

Features

5 bedrooms

5 bathrooms

6 carspaces

4 open car spaces

2 garage spaces

2462.7 sq. ft. floor area

8215 sq. ft. lot size

Single-Family

Estimated Value

Based on this property and similar 5 bedroom single-family properties sold in Phoenix over the last 12 months, the estimated median property value of 1708 East Verde Lane is $1.62m.

Median value

$1.62m

Estimated value range

$580k - $5.15m

Median days on market

Estimated value trend

-30%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Phoenix. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1708 East Verde Lane

2025

Sold

$795,000

16 Jun 2025 by Natalia Yalin, of Sibbach Team

2023

Sold

$640,000

01 May 2023 by Lori Moody, of AZ Key LLC

2022

Sold

$262,000

25 Feb 2022

Happy sellers in Phoenix

We have insufficient information to provide an overview of customer satisfaction for Phoenix. Viewing the agent profiles, reviews and sales for Phoenix can provide insights for this location.