4821 E SHERIDAN Street
Phoenix, AZ, 85008 $ 1,595,000
Baths0.0 Monthly Estimate*
$ 9,821
Studio for $1,595,000. This home was built in 1957.
Investment Potential: This turnkey 4-plex offers a rare combination of over $500,000 in renovations, modern upgrades, minimal maintenance, and strong rental potential in one of Phoenix's most desirable neighborhoods. Perfect for investors seeking consistent cash flow and long-term appreciation. Buyer to verify all facts and figures. see supplemental information 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 convenience, making it a highly sought-after location for residents and investors alike. Property Highlights: Address: 4821 W Sheridan, Phoenix, AZ Price: $1,595,000 Units: 4 (Fully Renovated) Location: Arcadia - Phoenix's Premier Neighborhood Investment: Over $500,000 in capital improvements Capital Improvements Include: Roof & Exterior: Complete roof replacement with 30-year architectural shingles Synthetic underlayment, flashing, and roof prep for long-term durability Stuccoed and freshly painted exteriors New entry doors and upgraded fencing for added privacy HVAC & Electrical: 4 new Goodman A/C units (3 units at 2 tons, 1 unit at 2.5 tons) Upgraded electrical service including new panels, circuit breakers, and dedicated circuits Landscaping & Outdoor: Removal of trees, old sidewalks, and debris New concrete driveways to 3 units and storage area 5 grass parcels in backyard and front yard River rock surrounding grass, sidewalks, and driveways New fencing and mailbox receptacle enhancing curb appeal Storage & Covered Parking: 4 newly built storage units, finished and painted Upgraded woodwork and painted covered parking Interior Upgrades & Appliances: Modern kitchens with new cabinets, countertops, sinks, and backsplashes Updated bathrooms: new toilets, sinks, cabinets, counters, mirrors, showers, and tubs Leveled floors with new flooring throughout Fresh interior paint and new overhead fans in every room 11 Milgard windows and 3 sliding doors installed Appliances include 4 refrigerators, dishwashers, ranges, microwaves, washer/dryers, and water heaters Neighborhood Features: Outdoor Recreation: Proximity to Camelback Mountain and Arizona Canal Trail for hiking, biking, and outdoor activities Dining & Shopping: Renowned eateries including Chelsea's Kitchen, The Henry, and La Grande Orange Community: Family-friendly with top-rated schools and a strong neighborhood feel Historic Charm: Architectural styles ranging from Spanish Revival to Ranch-style bungalows
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FeaturesGeneralSewer Sewer-In & Connected Public Sewer
Heating See Remarks Heat Pump
Cooling Ceiling Fan(s) Heat Pump Individual
Roof Composition
Zoning [R-3] Multiple
Security Features Security Light(s)
Construction Materials Other See Remarks Painted Stucco Block
Year Built 1957
Electric APS Individual Meter
Township 2N
Tax Year 2024
Ownership Fee Simple Fee Simple
Gross Income 93120.0
Community Features No Pool
County Maricopa
Net Operating Income 79490.0
Operating Expense 13521.0
Insurance Expense 2100.0
New Construction N
Property Type Multiple Dwellings
Attached Garage N
MaintenanceExpense 750.0
Subdivision Name STAFFORD VILLAGE 2
Garage Y/N N
Status Active
City Phoenix
Disclosures Seller Prop Disc Stm APOD/Backup Avaible Sch of Personal Prop
High School District Phoenix Union High School District
Open Parking Spaces 6.0
Number Of Units Total 4
Carport Y/N N
Tax Annual Amount 1745.0
Water Sewer Expense 2100.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://tours.arizonarealtours.com/2352146?idx=1
Standard Status Active
Occupancy Type Vacant
Elementary School District Balsz Elementary District
Tax Lot 8
Cap Rate 4.98
New Financing: Conventional True
Senior Community N
New Financing: FHA True
New Financing: Cash True
New Financing: VA True
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ExteriorExterior Amenities Sidewalk(s)
Parking Features See Remarks Paved Free Assigned >1 Space Per Unit
Water Source Master Meter City Franchise
Total Parking 8.0
Number of Buildings 1
Spa N
Lot Dimensions Irr
Road Surface Type Asphalt
Covered Spaces 2.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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InteriorFlooring Ceramic Tile
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
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* Excluded FeaturesList ByGerchick Real EstateBroker
Linda@justsoldit.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $9,821
- Monthly Property Taxes
- $145
- 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.
Learn more about how to save NearbyMulti-family listings in Phoenix, AZ
Average List Price $1,256,728
Percent of Sale Price 21%
About Phoenix, AZ 1,596,463 Population
20% Since 2002
$ 51,132 Median Income
34.66 Median Age
32% Households with Children
Trends Information provided by ATTOM Data Solutions.
4327165 Elementary School
4327058 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 2/25/2026 | $1,595,000 | | Listed Price |