2144 W Heatherbrae Dr - Apartments FOR SALE


Phoenix, AZ 85015- Midtown Phoenix
$999,900 USD
561-269-9525
2144 W Heatherbrae Dr, Phoenix, AZ for Sale
$999,900 USD
Apartments - FOR SALE
1/33
null | 7.66% Cap Rate

2144 W Heatherbrae Dr
Phoenix, AZ 85015
Midtown Phoenix


OVERVIEW

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

FOR SALE DETAILS

PRICE

$999,900 USD

PRICE/SF

$363 USD /SF

# OF UNITS

6

PRICE/UNIT

$166,650

CAP RATE

7.66%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Six on Heatherbrae

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,693 SF

ZONING

-

APN/PARCEL ID

154-29-027

ASK ABOUT THIS PROPERTY

Sophia WilletsOne Sotherby'sMore Info
561-269-9525

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Sophia WilletsOne Sotherby'sMore Info
561-269-9525

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.