2134 W HEATHERBRAE Drive, Phoenix, AZ 85015

$1,050,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $1,050,000 Last Modified: 6/24/2026

Overview

Description

Opportunity to own 9 Units In Central Phoenix Just off Indian School and 1 Block from I-17 with Seller or Residential Financing opportunity for 3 Triplex's. Nice Unit Mix of 7-2 Bedrooms (900+sqft) and 2-1 Bedrooms, Laundry Room. All Units have Large Private Backyards that could have Laundry Hookups. Huge Upside!!! Realistic Conservative Market Rents $1,000 to $1,200 for a Proforma Cap rate of 7.1 . 100% Occupied All On Month to Month leases. 2024 Roof on Building 2134 Seller will also entertain offers for Just 2140 &2144 (6 Units) or 2134 (3 Units) Currently Self Managed, All facts and figures are approximate, Buyer & Buyer agent to verify all facts and figures to their satisfaction.

Listing Details MLS# 6937991

Location, Tax & Legal

House Number
2134
Compass
W
Street Name
HEATHERBRAE
St Suffix
Drive
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85015
Zip4
4964
Country
US
County Code
Maricopa
Subdivision
PUCCINELLI PLACE
Assessor Number
154-29-029
Tax Year
2024
Assessor's Map #
29
Legal Description (Abbrev)
LOT 10 PUCCINELLI PLACE MCR 007308
Assessor's Parcel #
29
Add'l Parcels
Yes
Tax Municipality
Phoenix
Census Tract
109003
Taxes
1229
Legal
LOT 10 PUCCINELLI PLACE MCR 007308
Marketing Name
9 In Central Phoenix

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
373' X 196'
Year Built
1963
Uncvrd Parking Spcs
6
Total # of Units
9
# of Buildings
3
Zoning
R-3
Elementary School District
Alhambra Elementary District
High School District
Phoenix Union High School District

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.

Status Change Info

Off Market Date
2026-01-21
Under Contract Date
2026-01-09
Close of Escrow Date
2026-02-17

Legal Info

Township
2N
Range
2E
Section
24
Lot Number
10

More Information

Income Expenses

Gross Annual Sch Inc
88200
Net Operating Income
68501

Showing Notification Methods

Showing Service
Aligned Showings

1 Bedroom Units

# 1 Bedroom Units
2
Avg Rent
700
Avg SqFt
600
# Baths
Yes

2 Bedroom Units

# 2 Bedroom Units
7
Avg Rent
850
Avg SqFt
918
# Baths
Yes

Sold Info

Loan Type
Other
Payment Type
Other
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Project Type

Tri-Plex
Yes
5 - 12 Units
Yes

Construction

Wood Frame
Yes

Const - Finish

Stucco
Yes

Roofing

Composition
Yes
Foam
Yes

Floors

Vinyl
Yes
Ceramic Tile
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Ins Exp
3000
Annual Landscape Exp
600
Annual Maint Exp
3149
Annual Wtr/Swr Exp
10480
Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
18458
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
88200

Pmt & Rate Info

Cap Rate
5.48
Equity
1250000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

None
Yes

Community Features

See Remarks
Yes

Heating

Electric
Yes

Cooling

Electric
Yes
Individual
Yes

Tenant Pays

Gas
Yes
Electricity
Yes

Appliances Included

Free-Standing Gas Oven
Yes
Refrigerator
Yes

Road Access Type

Alley
Yes
City Street
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

Carport
Yes
Add'l Parking Avail
Yes

Electric

APS
Yes

Gas

SW Gas
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes
Landscaping
Yes

New Financing

Cash
Yes
Conventional
Yes
Owner May Carry
Yes
1031 Exchange
Yes

Reports/Disclosures

None
Yes

Environmental

None
Yes

Efficiency Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

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 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: Owner Lockbox Type: None New Financing: Cash; Conventional; Owner May Carry; 1031 Exchange Environmental: None
IDX
Listing Office: Better Homes & Gardens Real Estate SJ Fowler
Last Updated: June - 24 - 2026
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