6944 W VERDE Lane, Phoenix, AZ 85033, Phoenix, 85033 - 3 bed, 3 bath
Loading property details...
Phoenix, AZ 85033
This unique property represents a High-Potential Investment Opportunity, listed at a List Price of $420,000, which is closely aligned with the $415,503 Fair Market Value. Featuring a Condition Rating of 3, the residence includes a 2-bedroom main home and three income-generating studio units. This configuration offers significant revenue potential for Buy-and-Hold Investors seeking immediate cash flow or Owner-Occupants looking to offset mortgage costs through rental income. With No HOA Restrictions and recent interior renovations, this asset provides a flexible, income-focused living solution.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6944 W VERDE Lane Subject | $420,000* List Price | 3 | 3 | 1,853 | $224 | - |
A 7130 W MERRELL Street Sold | $347,000 | 3 | 2 | 2,021 | $172 | 0.2 mi |
B 7130 W MERRELL Street Sold | $347,000 | 4 | 2 | 2,021 | $172 | 0.2 mi |
C 7201 W SUNDERLAND Avenue Sold | $335,000 | 3 | 2 | 1,425 | $235 | 0.6 mi |
D 7629 W OSBORN Road Sold | $325,000 | 4 | 3 | 1,824 | $178 | 0.9 mi |
E 7609 W CHEERY LYNN Road Sold | $358,000 | 3 | 2 | 1,532 | $234 | 0.8 mi |
F 7130 W FLOWER Street Active | $350,000 List Price | 3 | 2 | 1,632 | $214 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1983 but features a recent interior renovation with modern wood-look tile flooring, fresh paint, and updated lighting/fans. The kitchenettes and bathrooms appear functional and move-in ready, though the exterior and roof-mounted HVAC reflect the property's age.
The property features three separate studio units that have historically generated $800 each per month, offering a significant and immediate revenue stream for savvy investors.
The unique configuration allows an owner-occupant to live in the main 2-bedroom residence while utilizing the studios to significantly offset mortgage expenses or accommodate multi-generational living.
With zero association fees, the owner benefits from lower monthly carrying costs and greater freedom in property management without the oversight of a homeowners association.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1853, other record living area = 1514.
Operating four separate living units on a single residential lot increases the complexity of property management, maintenance, and tenant turnover compared to a standard single-family home.
The non-traditional conversion into multiple units may present challenges with appraisal valuations and securing standard residential financing compared to conventional single-family properties.
Excellent cash-flow opportunity! Don't miss this opportunity to own this unique property featuring a 2-bedroom, 2-bath main residence plus three separate studio units, each equipped with a private bathroom and kitchenette. The studios have historically generated $800 per month each in rental income, with one unit currently leased on a month-to-month basis. Ideal for investors seeking immediate income potential or owner-occupants looking to offset expenses with rental revenue.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 94% |
| Square foot | 1,853 | 1,344.5 | 82% |
| Lot Size | 6,007 | 6,991.5 | 13% |
| Price | $420.0K | $257.5K | 97% |
| Price per sq ft | $227 | $182 | 68% |
| Built year | 1983 | 1973 | 87% |
| HOA | $0 | $0 | 50% |
| Days on market | 24 | 1750 | 1% |
May 22, 2026
$420,000
Initial Listing