2140 West HEATHERBRAE Drive Phoenix, AZ 85015

$475,000
$475,000
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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

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

  • Neighborhood
  • Type
  • County
    Maricopa
  • Area
    Phoenix
  • Tax Amount
    $4,604
  • Status
    Active
  • Listing #
    7010114
  • Built
    1963
  • Listed on site
    57 days

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mls source logo Listing provided courtesy of Arizona Regional Multiple Listing Service, Inc. (ARMLS)
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Community Features

  • No HOA
  • Not Age Restricted

Exterior features

  • No Pool

Property History

DateDays AgoEventNew Price
Apr 29, 20261 mo agoPrice decreased24,900 (5%)$475,000
Apr 7, 20262 mos agoNew on market$499,900
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