About The Property

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 mustRead MoreRead Less
Courtesy of Get Multifamily 480-795-7938
Listing Snapshot
Days Online
1
Last Updated
Property Type
Multiple Dwellings
Year Built
1963
MLS Number
7010161
M. Logan
Top 2% performing AZ broker
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Additional Details

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Appliances & Equipment
"Refrigerator", "Free-Standing Gas Oven"
Building
Built in 1963, Construction materials: "Wood Frame", "Stucco", 6 total units
Cooling
"Electric", "Individual"
Expenses
Insurance: $4,800, Maintenance: $3,000, Water sewer: $3,000
Exterior Features
"Sidewalk(s)"
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: $3,254, Lot: 10
Utilities
"APS"
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30 Days Snapshot Of 85015
$306k
-18%
(avg) sold price
17
-34%
homes sold
105
+6%
(avg) days on market
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Monthly Payment
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