2134 W Heatherbrae Drive, Phoenix, AZ 85015
- $450,000
- 4
- BD
- 3
- BA
- List Price
- $450,000
- Status
- ACTIVE
- Days on Market
- 0
- MLS#
- 7066242
- City
- Phoenix
- Bedrooms
- 4
- Bathrooms
- 3
- Year Built
- 1963
Property Description
Three on Heatherbrae is a high-demand, value-add 1963 triplex on a ±8,486 SF lot in Midtown Phoenix, ideal for 1031 exchange investors. INVESTMENT HIGHLIGHTS: THE ASSET: One 2B/1B and two 1B/1B single-story units with large private patios. UPSIDE: Direct rental growth via interior/exterior modernizations. UTILITIES/PARKING: Individually metered electric, gas ovens, and 4 parking spaces. LOCATION & TRANSIT: Prime 85015 corridor. Minutes to I-17, 1 mile to Light Rail, ~13 mins to Downtown, and ~14 mins to Sky Harbor Airport. Highly walkable urban hub.
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Additional Information
- Taxes
- $1,353
- Net Operating Income
- $28,851
- Cap Rate
- 6.41
- Units
- 3
- Parking Features
- Carport, On Street, >1 Space Per Unit
- Construction
- Block, Wood Frame, Slump Block, Painted
- Roofing
- Foam
- Cooling
- Central Air, Electric, Varies by Unit, 2 or More Units
- Heating
- Natural Gas, See Remarks
- Zoning
- R-3, Phoenix
- Subdivision
- Puccinelli Place
- Community Features
- No Pool
- Electric
- APS, Individual Meter
- Water
- Master Meter, City Franchise
- Sewer
- Sewer-In & Connected
- Tenant Pays
- Electricity, Cable TV
- New Financing
- VA Loan, FHA, Conventional, 1031 Exchange, Cash
- Middle School
- Choice Learning Academy
- High School
- Central High School
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Listing courtesy of ABI Multifamily.
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