2140 W Heatherbrae Drive, Phoenix, AZ 85015
- $1,380,000
- 16
- BD
- 9
- BA
- List Price
- $1,380,000
- Status
- ACTIVE
- Days on Market
- 1
- MLS#
- 7066520
- City
- Phoenix
- Bedrooms
- 16
- Bathrooms
- 9
- Year Built
- 1963
Property Description
The Heatherbrae 9 Portfolio is a prime, cash-flowing nine-unit multifamily property in Midtown Phoenix (85015). Featuring seven 2-bed/1-bath and two 1-bed/1-bath units across three single-story triplexes on a ±25,356 SF corner lot, it offers immediate rental upside and value-add potential. PROPERTY HIGHLIGHTS: - UNIT MIX: Seven 2-bed/1-bath, two 1-bed/1-bath (1963 build). - LAYOUT: Three detached single-story triplexes with private patios. - PARKING: 14 spaces (2 covered) plus on-site laundry. - UTILITIES: Individually metered electricity. LOCATION & TRANSIT: - COMMUTE: 5.5 miles to Downtown Phoenix; 9.4 miles to Sky Harbor Airport. - TRANSIT: Under 1 mile to the Valley Metro Light Rail; instant I-17 access. - NEIGHBORHOOD: Walkable Midtown corridor near arts, dining, and histo
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Additional Information
- Taxes
- $4,604
- Net Operating Income
- $94,672
- Cap Rate
- 6.86
- Units
- 9
- Parking Features
- >1 Space Per Unit
- Construction
- Block, Wood Frame, Slump Block, Painted
- Roofing
- Foam, Shake
- Cooling
- Central Air, Electric, Varies by Unit, 2 or More Units
- Heating
- Natural Gas
- Zoning
- R-3, Phoenix
- Subdivision
- Puccinelli Place
- Community Features
- No Pool
- Electric
- APS
- Water
- City Franchise
- Sewer
- Sewer-In & Connected
- Tenant Pays
- Electricity, Cable TV
- New Financing
- 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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