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About the Listing gemu001 - sb658,gp1248
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 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
Listing Highlights
Status
Active
Days on Site
18
Property Type
Multi-Family
MLS ®
7010114
Year Built
1963
Total Square Footage
0
Lot/Acreage
N/A
Interior Details
- Bedrooms: 3
- Bathrooms: 1 Full
- Appliances:
- Air Cond: Electric,Individual
- Heating: Electric
- Fireplaces:
- Floor: Ceramic Tile,Vinyl
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: City Franchise
Exterior Details
- Garage Capacity: N/A
- Roof: Composition,Foam
- Others:
- Sewer: Public Sewer
- Parking Features: Add'l Parking Avail,Carport
Financial Details
- Tax Amount: $4,604
- Taxes w/Assessments: N/A
- Tax/Property ID: 154-29-028
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Questions About..
2140 W Heatherbrae Dr Phoenix, AZ 85015
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