Phoenix, AZ 85006
East Palm Lane Place
$1,400,000
Listing courtesy ofeXp Realty — Michael Allen Schmitt · 888-897-7821
THREE-UNIT INVESTMENT OPPORTUNITY WITH HEATED POOL IN CENTRAL PHOENIX! Offered fully furnished, this versatile 2,750 sq. ft. property has operated as a short-term vacation rental since 2023, with documented income and occupancy history available for review. The main residence is configured as two 2-bedroom, 2-bathroom units, each with a full kitchen, plus a garage-converted 1-bedroom, 1-bathroom studio/casita. A private, fenced backyard features a heated pool and low-maintenance turf landscaping. Situated on a 6,761 sq. ft. lot with off-street parking for three vehicles. Conveniently located near Downtown Phoenix, Sky Harbor Airport, major freeways, dining, entertainment, and Valley Spring Training destinations. Explore the possibilities for continued investment use, multigenerational..... living, or reconfiguration into a single-family residence with an ADU, subject to applicable permits and approvals. Rental performance documentation available for qualified buyers. Buyer to verify property configuration, square footage, permitted uses, and future rental eligibility.
Contemporary · 1 story · Built 1946
Quartz Countertops · High Speed Internet · Granite Counters · Eat-in Kitchen · Breakfast Bar · Furnished(See Rmrks) · No Interior Steps · Kitchen Island · Pantry · 2 Master Baths · 3/4 Bath Master Bdrm · Wood flooring · Dual Pane · Inside laundry · Gas Dryer Hookup laundry · Wshr/Dry HookUp Only laundry
Dryer · Washer · Refrigerator · Built-in Microwave · Dishwasher · Disposal · Gas Range · Gas Oven · Electric Range · Electric Oven · Gas Cooktop · Electric Cooktop
Pool · Outdoor · Play Pool · Heated · None
City view
Stucco · Painted · Block · Block fencing · North/South Exposure · Alley · Gravel/Stone Front · Gravel/Stone Back · Synthetic Grass Frnt · Synthetic Grass Back
Heat Pump heating · Central Air cooling
Carry cost at today’s rate, including taxes, insurance, and HOA.
$8,273
Estimate only · Insurance modeled at 0.35% of value annually · Verify all costs with your lender.