$999,900
Phoenix, AZ 85015
MLS# 7010161
1 / 32
Property Description
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.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $999,900
List Price: $999,900
Status: Active
List Date: 2026-04-07
Location, Tax & Legal
Assessor's Map #: 29
Assessor's Parcel #: 28
Add'l Parcels: Yes
Tax Municipality: Phoenix
Census Tract: 109003
Taxes: 4604
Legal: LOT 10 PUCCINELLI PLACE MCR 007308
Marketing Name: Six at Heatherbrae
House Number: 2140
Compass: W
Street Name: HEATHERBRAE
St Suffix: Drive
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85015
Zip4: 4965
County Code: Maricopa
Subdivision: PUCCINELLI PLACE
Assessor Number: 154-29-028
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 6
Lot Size Dimensions: 373' X 196'
Total # of Units: 6
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: 10
Project Type
Tri-Plex: 1
5 - 12 Units: 1
Construction
Wood Frame: 1
Const - Finish
Stucco: 1
Roofing
Composition: 1
Foam: 1
Floors
Vinyl: 1
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Ins Exp: 4800
Annual Landscape Exp: 1200
Annual Maint Exp: 3000
Annual Mgmt Exp: 4320
Annual Trash Exp: 1600
Annual Wtr/Swr Exp: 3000
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 22524
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 93600
Pmt & Rate Info
Cap Rate: 3.32
Equity: 999900
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
None: 1
Community Features
See Remarks: 1
Heating
Electric: 1
Cooling
Electric: 1
Individual: 1
Exterior Amenities
Other (See Remarks): 1
Interior Features
Other (See Remarks): 1
Tenant Pays
Gas: 1
Electricity: 1
Appliances Included
Free-Standing Gas Oven: 1
Refrigerator: 1
Road Access Type
Alley: 1
City Street: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Projected Proforma: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
Add'l Parking Avail: 1
Electric
APS: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Cash: 1
Conventional: 1
Owner May Carry: 1
1031 Exchange: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 3
Avg Rent: 995
Avg SqFt: 918
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: Indian School & 23rd Ave
Directions: North on 23rd Ave to Heaterbrae Dr, East to property on the North side of the street.
Geo Lat: 33.497986
Geo Lon: -112.105819
Income Expenses
Gross Annual Sch Inc: 93600
Net Operating Income: 33236
Property Features
Project Type: Tri-Plex; 5 - 12 Units
Construction: Wood Frame
Const - Finish: Stucco
Roofing: Composition; Foam
Floors: Vinyl; Ceramic Tile
Sale Includes: Land & Building
Community Features: See Remarks
Exterior Amenities: Other (See Remarks)
Interior Features: Other (See Remarks)
Appliances Included: Free-Standing Gas Oven; Refrigerator
Cooling: Electric; Individual
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: Carport; Add'l Parking Avail
Road Access Type: Alley; City Street
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity; Gas
Source of Fincl Data: Projected Proforma
Lockbox Type: None
New Financing: Cash; Conventional; Owner May Carry; 1031 Exchange
Environmental: None
Listing Office: Get Multifamily
Last Updated: April - 07 - 2026
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