4821 E SHERIDAN Street, Phoenix, AZ 85008 (MLS# 6989552)

4821 E SHERIDAN Street, Phoenix, AZ 85008

$1,450,000

Virtual Tour

https://tours.arizonarealtours.com/2352146?idx=1

4821 E Sheridan St-large-060-060-TOD 937

4821 E Sheridan St-large-061-061-TOD7906

4821 E Sheridan St-large-062-062-TOD7907

Property Type: Multiple Dwellings Status: Active

Current Price: $1,450,000 Last Modified: 5/14/2026

Overview

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

Supplements: A Fully Renovated Investment Opportunity in One of Phoenix's Most Coveted Neighborhoods This 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 conveni ... (Read more)

Listing Details MLS# 6989552

Location, Tax & Legal

House Number: 4821
Compass: E
Street Name: SHERIDAN
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85008
Zip4: 2533
Country: US
County Code: Maricopa
Subdivision: STAFFORD VILLAGE 2
Assessor Number: 126-17-032
Tax Year: 2024
Assessor's Map #: 17
Legal Description (Abbrev): LOT 8 STAFFORD VILLAGE 2 MCR 007515
Assessor's Parcel #: 32
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 111201
Taxes: 1745
Legal: LOT 8 STAFFORD VILLAGE 2 MCR 007515
Marketing Name: Arcadia 4 Plex

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: Irr
Year Built: 1957
Uncvrd Parking Spcs: 6
Total # of Units: 4
# of Buildings: Yes
Zoning: [R-3] Multiple
Flood Zone: TBD
Elementary School District: Balsz Elementary District
High School District: Phoenix Union High School District

Remarks Misc

Cross Street: 44th Street and Thomas

Legal Info

Township: 2N
Range: 4E
Section: 32
Lot Number: 8

Income Expenses

Gross Annual Sch Inc: 93600
Net Operating Income: 79490

More Information

Showing Notification Methods

Showing Service: Aligned Showings
Text: Yes
Email: Yes
Phone Call: Yes

1 Bedroom Units

# 1 Bedroom Units: 3
Avg Rent: 1750
# Baths: Yes

2 Bedroom Units

# 2 Bedroom Units: Yes
Avg Rent: 2000
# Baths: 2

Project Type

Four Plex: Yes

Construction

Block: Yes
Other: Yes
See Remarks: Yes

Const - Finish

Painted: Yes
Stucco: Yes
Other (See Remarks): Yes

Roofing

Composition: Yes

Floors

Ceramic Tile: Yes

Sale Includes

Land & Building: Yes
Personal Property: Yes
Laundry Equipment: Yes
Other (See Remarks): Yes

Income & Expenses

Annual Ins Exp: 2100
Annual Landscape Exp: 600
Annual Maint Exp: 750
Annual Mgmt Exp: 6226
Annual Wtr/Swr Exp: 2100
Owner Association: Yes
Annual Ownr Asoc Fee: 0
Operating Exp: 13521
Other Income: 2400
Vacancy Allowance: 0.03
Adjusted Gross Inc: 93120

Pmt & Rate Info

Cap Rate: 5.48
Equity: 1450000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Lockbox Type

Combo: Yes

Community Features

No Pool: Yes

Heating

Heat Pump: Yes
See Remarks: Yes

Cooling

Ceiling Fan(s): Yes
Heat Pump: Yes
Individual: Yes

Exterior Amenities

Landscape Water System: Yes
Desert Landscaping: Yes
Fenced: Yes
Curb(s) & Gutter(s): Yes
Cable TV Available: Yes
Sidewalk(s): Yes
Patio/Balcony: Yes
Separate Storage: Yes
Security Light(s): Yes

Interior Features

Unfurnished: Yes
Fire/Smoke Alarm(s): Yes
Other (See Remarks): Yes

Tenant Pays

Electricity: Yes
Cable TV: Yes
Other (See Remarks): Yes

Appliances Included

Disposal: Yes
Microwave: Yes
Refrigerator: Yes
Free-Standing Range: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes
Books Shwn Accpt Ofr: Yes
Other (See Remarks): Yes

Water Source

City Franchise: Yes
Master Meter: Yes

Sewer

Sewer - Public: Yes
Sewer-In & Connected: Yes

Parking Features

Free: Yes
>1 Space Per Unit: Yes
Paved: Yes
Assigned: Yes
See Remarks: Yes

Electric

APS: Yes
Individual Meter: Yes

Gas

None: Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes
Landscaping: Yes

New Financing

Cash: Yes
VA: Yes
Conventional: Yes
FHA: Yes
No Carry: Yes

Reports/Disclosures

Seller Prop Disc Stm: Yes
APOD/Backup Avaible: Yes
Sch of Personal Prop: 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: Four Plex Construction: Block; Other; See Remarks Const - Finish: Painted; Stucco; Other (See Remarks) Roofing: Composition Floors: Ceramic Tile Sale Includes: Land & Building; Personal Property; Laundry Equipment; Other (See Remarks) Community Features: No Pool Exterior Amenities: Landscape Water System; Desert Landscaping; Fenced; Curb(s) & Gutter(s); Cable TV Available; Sidewalk(s); Patio/Balcony; Separate Storage; Security Light(s) Interior Features: Unfurnished; Fire/Smoke Alarm(s); Other (See Remarks) Appliances Included: Free-Standing Range; Refrigerator; Disposal; Microwave Heating: Heat Pump; See Remarks Cooling: Ceiling Fan(s); Heat Pump; Individual Water Source: City Franchise; Master Meter Sewer: Sewer - Public; Sewer-In & Connected Electric: APS; Individual Meter Gas: None Parking Features: >1 Space Per Unit; Assigned; Free; Paved; See Remarks Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity; Cable TV; Other (See Remarks) Source of Fincl Data: Owner; Books Shwn Accpt Ofr; Other (See Remarks) Showing Notification Methods: Text; Email; Phone Call Lockbox Type: Combo New Financing: Cash; VA; FHA; Conventional; No Carry Environmental: None

Listing Office: Gerchick Real Estate

Last Updated: May - 14 - 2026