2140 W HEATHERBRAE Drive Phoenix, AZ $ 499,900
2140 W HEATHERBRAE Drive
$ 499,900
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2140 W HEATHERBRAE Drive

Phoenix, AZ, 85015
$ 499,900
Baths0.0

Monthly Estimate*

$ 3,078

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $499,900. This home was built in 1963.

Six on Heatherbrae presents a compelling value-add multifamily investment consisting of spacious two-bedroom, one-bath units, each featuring central air conditioning and private, generously sized backyards--an increasingly rare amenity in this asset class. The property is fully gated, offering enhanced security and tenant appeal. Current rents are significantly below market at approximately $995 per unit, all on month-to-month leases, providing immediate upside. With strategic renovations, rents are projected to achieve $1,300 to $1,450 per unit, creating a clear path to increased cash flow and asset appreciation. An on-site laundry facility offers additional income potential and operational efficiency. The offering includes two triplex buildings combined purchase price: $999,900. * 2140 W Heatherbrae - $499,900 must be purchased together * 2144 W Heatherbrae - $499,900 must be purchased together Additionally, the adjacent property at 2134 W Heatherbrae will be coming to market at $499,900, presenting a rare opportunity to acquire all three triplexes (9 total units) for a combined price of $1,499,000. The property is centrally located with strong rental demand drivers and accessibility. Financing options include conventional and commercial loan structures. All facts and figures are approximate. Buyer to verify all information. Seller is Holds an active real estate Brokers license in AZ and FL

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Multi-Family Active

Price

$ 499,900

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 4,604

Style

Multiple Dwellings

Year Built

1963

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

7010114

Features
General
Sewer Public Sewer
Heating Electric
Cooling Electric Individual
Roof Composition Foam
Zoning R-3
Construction Materials Wood Frame Stucco
Year Built 1963
Electric APS
Township 2N
Tax Year 2025
Ownership Fee Simple Fee Simple
Gross Income 46800.0
Community Features See Remarks
County Maricopa
Net Operating Income 33236.0
Operating Expense 13564.0
Insurance Expense 2400.0
New Construction N
Property Type Multiple Dwellings
Attached Garage N
MaintenanceExpense 1500.0
Subdivision Name PUCCINELLI PLACE
Garage Y/N N
Status Active
Directions North on 23rd Ave to Heaterbrae Dr East to property on the North side of the street.
City Phoenix
Disclosures None
High School District Phoenix Union High School District
Open Parking Spaces 6.0
Number Of Units Total 3
Carport Y/N N
Tax Annual Amount 4604.0
Trash Expense 800.0
Water Sewer Expense 1500.0
Lease Renewal Y/N N
Additional Parcels Y/N Y
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Tenant
Elementary School District Alhambra Elementary District
Tax Lot 10
Cap Rate 6.65
New Financing: Conventional True
Senior Community N
New Financing: Cash True
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Interior
Flooring Ceramic Tile Vinyl
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
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Exterior
Parking Features Add'l Parking Avail Carport
Water Source City Franchise
Total Parking 9.0
Number of Buildings 1
Spa N
Lot Dimensions 373' X 196'
Road Surface Type Asphalt
Covered Spaces 3.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 2140
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* Excluded Features
List By
Get Multifamily

Broker

sophia@gracecre.com

Email

Affordability Calculator

$3,462
Per Month
89%
11%
0%
Monthly Principal & Interest
$3,078
Monthly Property Taxes
$384
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4327165 Elementary School
4327058 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/7/2026$499,900 Listed Price

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2140 W HEATHERBRAE Drive, Phoenix, AZ, 85015 is a Multi-Family Home for sale at $499,900. 2140 W HEATHERBRAE Drive is a studio with 0.0 baths and was built in 1963. The property's zip code is 85015 which is in Phoenix, AZ