$1,050,000
Phoenix, AZ 85015
MLS# 6937991
Status: Closed
1 / 14
Property Description
Opportunity to own 9 Units In Central Phoenix Just off Indian School and 1 Block from I-17 with Seller or Residential Financing opportunity for 3 Triplex's. Nice Unit Mix of 7-2 Bedrooms (900+sqft) and 2-1 Bedrooms, Laundry Room. All Units have Large Private Backyards that could have Laundry Hookups. Huge Upside!!! Realistic Conservative Market Rents $1,000 to $1,200 for a Proforma Cap rate of 7.1 . 100% Occupied All On Month to Month leases. 2024 Roof on Building 2134 Seller will also entertain offers for Just 2140 &2144 (6 Units) or 2134 (3 Units) Currently Self Managed, All facts and figures are approximate, Buyer & Buyer agent to verify all facts and figures to their satisfaction.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $1,050,000
Sold Price: $1,050,000
Status: Closed
List Date: 2025-10-22
Location, Tax & Legal
Assessor's Map #: 29
Legal Description (Abbrev): LOT 10 PUCCINELLI PLACE MCR 007308
Assessor's Parcel #: 29
Add'l Parcels: Yes
Tax Municipality: Phoenix
Census Tract: 109003
Taxes: 1229
Legal: LOT 10 PUCCINELLI PLACE MCR 007308
Marketing Name: 9 In Central Phoenix
House Number: 2134
Compass: W
Street Name: HEATHERBRAE
St Suffix: Drive
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85015
Zip4: 4964
County Code: Maricopa
Subdivision: PUCCINELLI PLACE
Assessor Number: 154-29-029
Tax Year: 2024
General Property Description
# of Buildings: 3
Uncvrd Parking Spcs: 6
Lot Size Dimensions: 373' X 196'
Total # of Units: 9
Elementary School District: Alhambra Elementary District
High School District: Phoenix Union High School District
Year Built: 1963
Zoning: R-3
Legal Info
Range: 2E
Section: 24
Township: 2N
Lot Number: 10
Project Type
Tri-Plex: 1
5 - 12 Units: 1
Construction
Wood Frame: 1
Const - Finish
Stucco: 1
Roofing
Composition: 1
Foam: 1
Floors
Vinyl: 1
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Ins Exp: 3000
Annual Landscape Exp: 600
Annual Maint Exp: 3149
Annual Wtr/Swr Exp: 10480
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 18458
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 88200
Pmt & Rate Info
Cap Rate: 5.48
Equity: 1250000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
None: 1
Community Features
See Remarks: 1
Heating
Electric: 1
Cooling
Electric: 1
Individual: 1
Tenant Pays
Gas: 1
Electricity: 1
Appliances Included
Free-Standing Gas Oven: 1
Refrigerator: 1
Road Access Type
Alley: 1
City Street: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
Add'l Parking Avail: 1
Electric
APS: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Cash: 1
Conventional: 1
Owner May Carry: 1
1031 Exchange: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 2
Avg Rent: 700
Avg SqFt: 600
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 7
Avg Rent: 850
Avg SqFt: 918
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Other
Closing Cost Split: Normal - N
Payment Type: Other
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
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: 33.497996
Geo Lon: -112.105615
Status Change Info
Off Market Date: 2026-01-21
Under Contract Date: 2026-01-09
Close of Escrow Date: 2026-02-17
Sold Price: $1,050,000
Income Expenses
Gross Annual Sch Inc: 88200
Net Operating Income: 68501
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
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: Owner
Lockbox Type: None
New Financing: Cash; Conventional; Owner May Carry; 1031 Exchange
Environmental: None
Listing Office: Better Homes & Gardens Real Estate SJ Fowler
Last Updated: February - 18 - 2026
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