4827 E SHERIDAN Street, Phoenix, AZ 85008 (MLS# 5093354)

4827 E SHERIDAN Street, Phoenix, AZ 85008

$172,500

Property Type: Multiple Dwellings Status: Closed

Current Price: $172,500 Last Modified: 6/09/2026

Overview

Description

*Rare Find in Arcadia/Phoenix area* Fully remodeled, block construction Duplex w/ 8% CAP Rate! 2 bedrooms units on both sides. Professional remodel includes new tile flooring, cabinets, appliances, bathrooms, kitchens, light fixtures, all Windows, doors & new energy efficient, Frigidaire 18,500 BTU Wall Mounted Air Conditioner & Heater . Solid construction. 2 covered parking stalls, 3 additional parking spaces & 8 enclosed storage areas for additional income potential. Most rehabs are paint & carpet - this is full remodel including all new windows so it should be a cash flow king for many years. One side just rented at $725/mo. Gross rent for is $1450/mo. One side is vacant so it can purchased by home owner or investor. This is the nicest duplex under $200k in the Phoenix metro area.

Listing Details MLS# 5093354

Location, Tax & Legal

Map Code/Grid: P36
House Number: 4827
Compass: E
Street Name: SHERIDAN
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85008
Zip4: 2510
Country: US
County Code: Maricopa
Assessor Number: 126-17-033
Tax Year: 2013
Assessor's Map #: 17
Legal Description (Abbrev): STAFFORD VILLAGE 2
Assessor's Parcel #: 33
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 111201
Taxes: 601.24
Legal: STAFFORD VILLAGE 2
Marketing Name: Duplex Remodel

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 90 x 100
Year Built: 1959
Uncvrd Parking Spcs: 3
Total # of Units: 2
# of Buildings: Yes
Zoning: R-3
Elementary School District: Balsz Elementary District
High School District: Phoenix Union High School District

Remarks Misc

Cross Street: E Thomas Rd and 48th St.
Directions: From Thomas Rd, South on 48 St, East on Virginia Ave, South on 48 Pl to property.

Status Change Info

Off Market Date: 2014-04-25
Under Contract Date: 2014-04-16
Close of Escrow Date: 2014-05-23

Legal Info

Township: 2N
Range: 4E
Section: 32
Lot Number: 9

More Information

Income Expenses

Gross Annual Sch Inc: 17400
Net Operating Income: 15098.76

2 Bedroom Units

# 2 Bedroom Units: 2
Avg Rent: 725
# Baths: 2

Sold Info

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

Project Type

Duplex: Yes

Construction

Block: Yes

Const - Finish

Painted: Yes

Roofing

Composition: Yes

Floors

Ceramic Tile: Yes
Carpet: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 720
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 500
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 480
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 2301.24
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 17400
Total Monthly Rental Income: 1450

Pmt & Rate Info

Cap Rate: 8.16
Down Payment: 0
Equity: 185000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0

Community Features

No Pool: Yes
Barbecue: Yes

Heating

Window/Wall Unit(s): Yes

Cooling

Window/Wall Unit: Yes

Exterior Amenities

Desert Landscaping: Yes
Fenced: Yes
Security Light(s): Yes

Interior Features

Unfurnished: Yes

Tenant Pays

Gas: Yes
Electricity: Yes
Cable TV: Yes

Appliances Included

Disposal: Yes
Microwave: Yes
Refrigerator: Yes
Free-Standing Range: Yes
Washer/Dryer: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Projected Proforma: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

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

Electric

APS: Yes

Gas

SW Gas: Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes

New Financing

VA: Yes
Conventional: Yes
FHA: Yes
1031 Exchange: 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

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: Duplex Construction: Block Const - Finish: Painted Roofing: Composition Floors: Ceramic Tile; Carpet Sale Includes: Land & Building Community Features: No Pool; Barbecue Exterior Amenities: Desert Landscaping; Fenced; Security Light(s) Interior Features: Unfurnished Appliances Included: Free-Standing Range; Refrigerator; Disposal; Microwave; Washer/Dryer Heating: Window/Wall Unit(s) Cooling: Window/Wall Unit Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: SW Gas Parking Features: Carport; >1 Space Per Unit; Add'l Parking Avail Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity; Gas; Cable TV Source of Fincl Data: Projected Proforma 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: VA; FHA; Conventional; 1031 Exchange Environmental: None

Listing Office: Dwellings Realty Group

Last Updated: June - 09 - 2026