4821 E Sheridan St - Apartments FOR SALE


Phoenix, AZ 85008- Papago
$1,695,000 USD
602-688-9279
4821 E Sheridan St, Phoenix, AZ for Sale
$1,695,000 USD
Apartments - FOR SALE
1/4
null | 4.72% Cap Rate

4821 E Sheridan St
Phoenix, AZ 85008
Papago


HIGHLIGHTS

  • Over $500K in Upgrades– Roof, A/C, electrical, landscaping, and more
  • 4 Fully Renovated Units– Modern kitchens & bathrooms, turnkey ready
  • Prime Arcadia Location– Near Camelback Mountain & Arizona Canal Trail
  • 4 New A/C Units – Energy-efficient Goodman units
  • Upgraded Electrical – New panels, subpanels, and dedicated circuits
  • Full Appliance Package– Refrigerators, dishwashers, ranges, microwaves, washer/dryers, water heaters

OVERVIEW

A Fully Renovated Investment Opportunity in One of Phoenix’s Most Coveted Neighborhoods This meticulously upgraded 4-unit property is nestled in the heart of Arcadia, a prestigious neighborhood known for its lush landscapes, historic charm, and proximity to Camelback Mountain. Arcadia offers a unique blend of suburban tranquility and urban convenience, making it a highly sought-after location for residents and investors alike. Property Highlights: Address: 4821 W Sheridan, Phoenix, AZ Price: $1,695,000 Units: 4 (Fully Renovated) Location: Arcadia – Phoenix’s Premier Neighborhood Investment: Over $500,000 in capital improvements Capital Improvements Include: Roof & Exterior: Complete roof replacement with 30-year architectural shingles Synthetic underlayment, flashing, and roof prep for long-term durability Stuccoed and freshly painted exteriors New entry doors and upgraded fencing for added privacy HVAC & Electrical: 4 new Goodman A/C units (3 units at 2 tons, 1 unit at 2.5 tons) Upgraded electrical service including new panels, circuit breakers, and dedicated circuits Landscaping & Outdoor: Removal of trees, old sidewalks, and debris New concrete driveways to 3 units and storage area 5 grass parcels in backyard and front yard River rock surrounding grass, sidewalks, and driveways New fencing and mailbox receptacle enhancing curb appeal Storage & Covered Parking: 4 newly built storage units, finished and painted Upgraded woodwork and painted covered parking Interior Upgrades & Appliances: Modern kitchens with new cabinets, countertops, sinks, and backsplashes Updated bathrooms: new toilets, sinks, cabinets, counters, mirrors, showers, and tubs Leveled floors with new flooring throughout Fresh interior paint and new overhead fans in every room 11 Milgard windows and 3 sliding doors installed Appliances include 4 refrigerators, dishwashers, ranges, microwaves, washer/dryers, and water heaters Neighborhood Features: Outdoor Recreation: Proximity to Camelback Mountain and Arizona Canal Trail for hiking, biking, and outdoor activities Dining & Shopping: Renowned eateries including Chelsea’s Kitchen, The Henry, and La Grande Orange Community: Family-friendly with top-rated schools and a strong neighborhood feel Historic Charm: Architectural styles ranging from Spanish Revival to Ranch-style bungalows Investment Potential: This turnkey 4-plex offers a rare combination of over $500,000 in renovations, modern upgrades, minimal maintenance, and strong rental potential in one of Phoenix’s most desirable neighborhoods. Perfect for investors seeking consistent cash flow and long-term appreciation. Buyer to verify all facts and figures.

FOR SALE DETAILS

PRICE

$1,695,000 USD

PRICE/SF

$555 USD /SF

# OF UNITS

4

PRICE/UNIT

$423,750

CAP RATE

4.72%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

$1,695,000 over 500K in Remodel-Arcadia

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1957

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,698 SF

ZONING

R-3

APN/PARCEL ID

126-17-032

ASK ABOUT THIS PROPERTY

Linda GerchickGerchick Real EstateMore Info
602-688-9279

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Linda GerchickGerchick Real EstateMore Info
602-688-9279

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