Property Description

Investment Potential:This fully renovated Arcadia 4-plex just became one of the most compelling small multifamily plays in the Phoenix market. Recently reduced from $1,695,000 to $1,450,000, 4821 E Sheridan combines over $500,000 in capital improvements, strong rent potential, and an A+ Arcadia location that continues to attract high-quality tenants.One unit has just leased at $1,895 per month + $50 in RUBS, and three additional units are available to show and in active lease-up. For investors seeking a turnkey asset with both income growth and long-term appreciation, this property checks all the boxes.Buyer to verify all facts and figures. see supplemental information A Fully Renovated Investment Opportunity in One of Phoenixs Most Coveted NeighborhoodsThis 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, AZPrice: $1,450,000Units: 4 (Fully Renovated)Location: Arcadia - Phoenixs Premier NeighborhoodInvestment: Over $500,000 in capital improvementsCapital Improvements Include:Roof & Exterior:Complete roof replacement with 30-year architectural shinglesSynthetic underlayment, flashing, and roof prep for long-term durabilityStuccoed and freshly painted exteriorsNew entry doors and upgraded fencing for added privacyHVAC & 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 circuitsLandscaping & Outdoor:Removal of trees, old sidewalks, and debrisNew concrete driveways to 3 units and storage area5 grass parcels in backyard and front yardRiver rock surrounding grass, sidewalks, and drivewaysNew fencing and mailbox receptacle enhancing curb appealStorage & Covered Parking:4 newly built storage units, finished and paintedUpgraded woodwork and painted covered parkingInterior Upgrades & Appliances:Modern kitchens with new cabinets, countertops, sinks, and backsplashesUpdated bathrooms: new toilets, sinks, cabinets, counters, mirrors, showers, and tubsLeveled floors with new flooring throughoutFresh interior paint and new overhead fans in every room11 Milgard windows and 3 sliding doors installedAppliances include 4 refrigerators, dishwashers, ranges, microwaves, washer/dryers, and water heatersNeighborhood Features:Outdoor Recreation: Proximity to Camelback Mountain and Arizona Canal Trail for hiking, biking, and outdoor activitiesDining & Shopping: Renowned eateries including Chelseas Kitchen, The Henry, and La Grande OrangeCommunity: Family-friendly with top-rated schools and a strong neighborhood feelHistoric Charm: Architectural styles ranging from Spanish Revival to Ranch-style bungalows

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