$750,000
Phoenix, AZ 85015
MLS# 6942801
Status: UCB (Under Contract-Backups)
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Property Description
Newly renovated fourplex in West-Central Phoenix, ideal for investors seeking a stabilized asset with minimal maintenance. Each of the four 2BD/1BA units (approx. 700 SF) has been tastefully updated with modern finishes, new flooring, stainless steel appliances, and in-unit washer/dryer. Property improvements include new landscaping with turf and drip system, upgraded parking, new gates, security cameras, and water heaters. Sitting on a 12,332 SF R-3 zoned lot, the property offers strong curb appeal and excellent functionality. Three units are occupied with one available—offering flexibility for an owner-occupant or to achieve market rent. Prime location near the I-17 freeway, Grand Canyon University, and major employment hubs.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $750,000
List Price: $750,000
Status: UCB (Under Contract-Backups)
List Date: 2025-11-04
Location, Tax & Legal
Assessor's Map #: 29
Legal Description (Abbrev): LOT 12 INDIAN WELLS MCR 009509
Assessor's Parcel #: 53
Assessor Parcel Ltr: C
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 109003
Taxes: 1695
Legal: LOT 12 INDIAN WELLS MCR 009509
Marketing Name: Heatherbrae Fourplex
House Number: 2101
Compass: W
Street Name: HEATHERBRAE
St Suffix: Drive
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85015
Zip4: 7048
County Code: Maricopa
Subdivision: INDIAN WELLS
Assessor Number: 154-29-053-C
Tax Year: 2024
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 4
Lot Size Dimensions: 91 x 103
Flood Zone: Yes
Total # of Units: 4
Elementary School District: Alhambra Elementary District
High School District: Phoenix Union High School District
Year Built: 1963
Zoning: R-3
Legal Info
Range: 2E
Section: 24
Township: 2N
Lot Number: 12
Project Type
Four Plex: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Other: 1
Floors
Vinyl: 1
Sale Includes
Building(s) Only: 1
Income & Expenses
Annual Ins Exp: 1983
Annual Landscape Exp: 1800
Annual Maint Exp: 1500
Annual Wtr/Swr Exp: 3612
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 10590
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 68970
Pmt & Rate Info
Cap Rate: 7.76
Equity: 750000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Individual: 1
Exterior Amenities
Fenced: 1
Tenant Pays
Electricity: 1
Appliances Included
Free-Standing Electric Oven: 1
Microwave: 1
Refrigerator: 1
Washer/Dryer: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Projected Proforma: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Paved: 1
Electric
SRP: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
Cash: 1
Conventional: 1
FHA: 1
Reports/Disclosures
Other (See Remarks): 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 1517
Avg SqFt: 700
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: 23rd Avenue & Heatherbrae Drive
Geo Lat: 33.497496
Geo Lon: -112.104327
Income Expenses
Gross Annual Sch Inc: 72600
Net Operating Income: 58209
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Painted
Roofing: Other
Floors: Vinyl
Sale Includes: Building(s) Only
Community Features: No Pool
Exterior Amenities: Fenced
Appliances Included: Free-Standing Electric Oven; Refrigerator; Microwave; Washer/Dryer
Cooling: Individual
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: SW Gas
Parking Features: Paved
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity
Source of Fincl Data: Owner; Projected Proforma
Showing Notification Methods: Text
Lockbox Type: None
New Financing: Cash; FHA; Conventional
Environmental: None
Listing Office: Compass
Last Updated: December - 17 - 2025
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