2140 W Heatherbrae Drive, Phoenix, AZ 85015
- $465,000
- 6
- BD
- 3
- BA
- List Price
- $465,000
- Status
- ACTIVE
- Days on Market
- 1
- MLS#
- 7074943
- City
- Phoenix
- Bedrooms
- 6
- Bathrooms
- 3
- Year Built
- 1963
Property Description
2140 W Heatherbrae is a high-demand, cash-flowing 3-unit multifamily property in Midtown Phoenix (85015). Featuring one single-story triplex with large 2-bed/1-bath units on a ±8,486 SF lot, it offers immediate rental upside and value-add potential for 1031 buyers. PROPERTY HIGHLIGHTS: UNITS: Three spacious 2-bed/1-bath layouts (1963 build). LAYOUT: One single-story triplex with private patios. FINANCIALS: Cash-flowing with strong value-add potential. PARKING & UTILITIES: 5 open spaces; individually metered electricity. LOCATION: Infill lot in Midtown Phoenix, near the 19th Ave / Camelback Light Rail. ACCESS: Minutes to I-17, I-10, SR-51, and Sky Harbor Airport.
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Additional Information
- Taxes
- $1,627
- Net Operating Income
- $32,911
- Cap Rate
- 7.08
- Units
- 3
- Parking Features
- On Street, >1 Space Per Unit
- Construction
- Block, Wood Frame, Slump Block, Painted
- Roofing
- Composition
- 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, 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
Courtesy of ABI Multifamily.
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