2140 W HEATHERBRAE Drive, Phoenix, AZ 85015 (MLS# 7010161)

2140 W HEATHERBRAE Drive, Phoenix, AZ 85015

$999,900
Property Type: Multiple Dwellings Status: Active
Current Price: $999,900 Last Modified: 4/10/2026

Description

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.

Supplements: 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

More Information MLS# 7010161

Contract Info

Current Price: $999,900 List Price: $999,900 Status: Active List Date: 2026-04-07 Ownership: Fee Simple

Location Tax Legal

House Number: 2140 Compass: W Street Name: HEATHERBRAE St Suffix: Drive City/Town Code: Phoenix State/Province: AZ Zip Code: 85015 Zip4: 4965 Country: US County Code: Maricopa Subdivision: PUCCINELLI PLACE Assessor Number: 154-29-028 Tax Year: 2025

General Property Description

Lot Size Dimensions: 373' X 196' Year Built: 1963 Uncvrd Parking Spcs: 6 Total # of Units: 6 # of Buildings: 1 Zoning: R-3 Elementary School District: Alhambra Elementary District High School District: Phoenix Union High School District

Remarks Misc

Cross Street: Indian School & 23rd Ave Directions: North on 23rd Ave to Heaterbrae Dr, East to property on the North side of the street. Geo Lat: 33.497985 Geo Lon: -112.105819

Legal Info

Township: 2N Range: 2E Section: 24 Lot Number: 10

Income Expenses

Gross Annual Sch Inc: 71640 Net Operating Income: 50466

Showing Notification Methods

Showing Service: Aligned Showings

2 Bedroom Units

# 2 Bedroom Units: 6 Avg Rent: 995 Avg SqFt: 918 # Baths: 1

Property Features

Project Type: Tri-Plex; 5 - 12 Units Construction: Wood Frame Const - Finish: Stucco Roofing: Composition; Foam Floors: Vinyl; Ceramic Tile Sale Includes: Land & Building Community Features: See Remarks Exterior Amenities: Fenced; Sidewalk(s); Other (See Remarks) Interior Features: Other (See Remarks) Appliances Included: Free-Standing Gas Oven; Refrigerator Cooling: Electric; Individual Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: SW Gas Parking Features: Carport; Add'l Parking Avail Road Access Type: Alley; City Street Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity; Gas Source of Fincl Data: Projected Proforma Lockbox Type: None New Financing: Cash; Conventional; Owner May Carry; 1031 Exchange Environmental: None
Listing Office: Get Multifamily
Last Updated: April - 10 - 2026
2140 W HEATHERBRAE Drive, Phoenix, AZ 85015- MLS# 7010161
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