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
Listed By
Agency Name: Get Multifamily
Agency Phone: 480-795-7938
Shown By
Agency Title: Arizona Best Real Estate
Agency Phone: 480-948-4711
Estimated Payment
$ 1,642.03 per month $1,112.56 Principal & Interest $383.67 Property Tax $145.80 Homeowner's Insurance
2140 W Heatherbrae Drive | MLS# 7010114
This multi-family property located at 2140 W Heatherbrae Drive, Phoenix, AZ 85015 is currently listed for sale with an asking price of $499,900. W Heatherbrae Drive is located within the Phoenix Union High School District school district. Search Phoenix real estate on www.arizonabest.com today.