2134 W HEATHERBRAE Drive, Phoenix, AZ 85015

$450,000
Property Type: Multiple Dwellings Bedrooms: 4 Baths: 3 Status: Active
Current Price: $450,000 Last Modified: 8/13/2026

Overview

Description

Three on Heatherbrae is a high-demand, value-add 1963 triplex on a ±8,486 SF lot in Midtown Phoenix, ideal for 1031 exchange investors. INVESTMENT HIGHLIGHTS: THE ASSET: One 2B/1B and two 1B/1B single-story units with large private patios. UPSIDE: Direct rental growth via interior/exterior modernizations. UTILITIES/PARKING: Individually metered electric, gas ovens, and 4 parking spaces. LOCATION & TRANSIT: Prime 85015 corridor. Minutes to I-17, 1 mile to Light Rail, ~13 mins to Downtown, and ~14 mins to Sky Harbor Airport. Highly walkable urban hub.

Listing Details MLS# 7066242

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
2025
Assessor's Map #
29
Legal Description (Abbrev)
LOT 10 PUCCINELLI PLACE MCR 007308
Assessor's Parcel #
29
Add'l Parcels
No
Tax Municipality
Phoenix
Census Tract
109003
Taxes
1353
Legal
LOT 10 PUCCINELLI PLACE MCR 007308
Marketing Name
Three on Heatherbrae

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
65 ft x 131 ft
Year Built
1963
Uncvrd Parking Spcs
2
Total # of Units
3
# of Buildings
Yes
Zoning
R-3, Phoenix
Elementary School District
Alhambra Elementary District
High School District
Phoenix Union High School District
Elementary School
Westwood Elementary School
Jr. High School
Choice Learning Academy
High School
Central High School

Remarks Misc

Cross Street
19th Avenue & Camelback
Directions
From 19th Avenue & Camelback, west to 23rd Avenue. Turn left and head south to Glenrosa. Turn left and head east to 22nd Avenue. Turn right and head south to Heatherbrae. Property on NWC of 22nd Avenue & Heatherbrae.

Legal Info

Township
2N
Range
2E
Section
24
Lot Number
10

1 Bedroom Units

# 1 Bedroom Units
2
Avg Rent
1100
Avg SqFt
600
# Baths
Yes

More Information

2 Bedroom Units

# 2 Bedroom Units
Yes
Avg Rent
1300
Avg SqFt
869
# Baths
Yes

Structure

Bedrooms Total
4
Bathrooms Total
3

Income Expenses

Gross Annual Sch Inc
42000
Net Operating Income
28851

Showing Notification Methods

Showing Service
No Showing Service Used
Text
Yes
Email
Yes
Phone Call
Yes

Project Type

Tri-Plex
Yes

Efficiency Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Construction

Block
Yes
Wood Frame
Yes
Slump Block
Yes

Const - Finish

Painted
Yes

Roofing

Foam
Yes

Floors

Concrete
Yes
Vinyl
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Elec Exp
0
Annual Gas Exp
0
Annual Ins Exp
2400
Annual Land Lse Exp
0
Annual Landscape Exp
600
Annual Legal & Acctg
0
Annual Maint Exp
1500
Annual Mgmt Exp
1995
Annual Trash Exp
0
Annual Wtr/Swr Exp
0
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
900
Annual Other Expense
2301
Operating Exp
11049
Other Income
0
Vacancy Allowance
0.05
Adjusted Gross Inc
39900
Total Monthly Rental Income
3500

Pmt & Rate Info

Cap Rate
6.41
Equity
450000
Down Payment %
100
Monthly Payments
0
Total Owed
0

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Natural Gas
Yes
See Remarks
Yes

Cooling

Central Air
Yes
Electric
Yes
Individual
Yes
2 or More Units
Yes

Exterior Amenities

Desert Landscaping
Yes
Patio/Balcony
Yes

Tenant Pays

Electricity
Yes
Cable TV
Yes

Appliances Included

See Remarks
Yes

Road Access Type

Alley
Yes
City Street
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes
Projected Proforma
Yes

Road Responsibility

City Maintained Road
Yes

Water Source

City Franchise
Yes
Master Meter
Yes

Sewer

Sewer - Public
Yes
Sewer-In & Connected
Yes

Parking Features

Carport
Yes
On Street
Yes
>1 Space Per Unit
Yes
Add'l Parking Avail
Yes

Electric

APS
Yes
Individual Meter
Yes

Gas

SW Gas
Yes
Master Meter
Yes

Owner Pays

Water
Yes
Sewer
Yes
Gas
Yes
Trash Collection
Yes
Landscaping
Yes

New Financing

Cash
Yes
VA
Yes
Conventional
Yes
FHA
Yes
1031 Exchange
Yes

Special

Owner/Agent
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Existing 1st Loan Type

Not Applicable
Yes

Existing 1st Loan Terms

Not Applicable
Yes

Existing 2nd Loan

Treat as Free&Clear
Yes

Existing 2nd Loan Type

Not Applicable
Yes

Existing 2nd Loan Terms

Not Applicable
Yes

Existing 3rd Loan

Treat as Free&Clear
Yes

Existing 3rd Loan Type

Not Applicable
Yes

Reports/Disclosures

None
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

None
Yes

Existing Othr Ln Trm

Not Applicable
Yes

Property Features

Project Type: Tri-Plex Construction: Block; Wood Frame; Slump Block Const - Finish: Painted Roofing: Foam Floors: Concrete; Vinyl Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Desert Landscaping; Patio/Balcony Appliances Included: See Remarks Heating: Natural Gas; See Remarks Cooling: Electric; Individual; Central Air; 2 or More Units Water Source: City Franchise; Master Meter Sewer: Sewer - Public; Sewer-In & Connected Electric: APS; Individual Meter Gas: SW Gas; Master Meter Parking Features: Carport; On Street; >1 Space Per Unit; Add'l Parking Avail Road Access Type: Alley; City Street Road Surface Type: Asphalt Road Responsibility: City Maintained Road Owner Pays: Water; Gas; Trash Collection; Landscaping Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner; Projected Proforma Special: Owner/Agent Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Cash; VA; FHA; Conventional; 1031 Exchange Environmental: None
IDX
Listing Office: ABI Multifamily
Last Updated: August - 13 - 2026
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