Six on Heatherbrae presents a compelling value-add multifamily investment consisting of spacious two-bedroom, one-bath units, each featuring central air conditioning and private, generously sized backyards--an increasingly rare amenity in this asset class. The property is fully gated, offering enhanced security and tenant appeal. Current rents are significantly below market… Read More at approximately $995 per unit, all on month-to-month leases, providing immediate upside. With strategic renovations, rents are projected to achieve $1,300 to $1,450 per unit, creating a clear path to increased cash flow and asset appreciation. An on-site laundry facility offers additional income potential and operational efficiency. The offering includes two triplex buildings combined purchase price: $999,900. * 2140 W Heatherbrae - $499,900 must be purchased together * 2144 W Heatherbrae - $499,900 must be purchased together Additionally, the adjacent property at 2134 W Heatherbrae will be coming to market at $499,900, presenting a rare opportunity to acquire all three triplexes (9 total units) for a combined price of $1,499,000. The property is centrally located with strong rental demand drivers and accessibility. Financing options include conventional and commercial loan structures. All facts and figures are approximate. Buyer to verify all information. Seller is Holds an active real estate Brokers license in AZ and FL Read Less
Courtesy of Get Multifamily 480-795-7938
Listing Snapshot
Days Online
1
Last Updated
Property Type
Multiple Dwellings
Year Built
1963
MLS Number
7010114
30 Days Snapshot Of 85015
$306k
-18%
(avg) sold price
17
-34%
homes sold
105
+6%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
"Refrigerator", "Free-Standing Gas Oven"
Building
Built in 1963, Construction materials: "Wood Frame", "Stucco", 3 total units
Cooling
"Electric", "Individual"
Expenses
Insurance: $2,400, Maintenance: $1,500, Water sewer: $1,500
Floors
"Ceramic Tile", "Vinyl"
Heating
"Electric"
Parking
"Add'l Parking Avail", "Carport", 9 total parkings
Property
Zoning: R-3
Roof
"Composition", "Foam"
Sewer
"Public Sewer"
Taxes
Annual amount: $4,604, Lot: 10
Utilities
"APS"
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