$750,000
UNDER CONTRACT

2101 W Heatherbrae Dr Phoenix, AZ 85015

Alhambra Neighborhood

Estimated payment $4,075/month

Total Views 958
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Cooling Available
  • Vinyl Flooring
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

Newly renovated fourplex in West-Central Phoenix, ideal for investors seeking a stabilized asset with minimal maintenance. Each of the four 2BD/1BA units (approx. 700 SF) has been tastefully updated with modern finishes, new flooring, stainless steel appliances, and in-unit washer/dryer. Property improvements include new landscaping with turf and drip system, upgraded parking, new gates, security cameras, and water heaters. Sitting on a 12,332 SF R-3 zoned lot, the property offers strong curb appeal and excellent functionality. Three units are occupied with one available—offering flexibility for an owner-occupant or to achieve market rent. Prime location near the I-17 freeway, Grand Canyon University, and major employment hubs.

Listing Agent

Blake Mallery

Compass License #SA680838000 Listed on: 11/04/2025

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,695

Year Built

  • Built in 1963

Home Design

  • Block Exterior

Flooring

  • Vinyl Flooring

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Paved Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tax Lot 12
  • Assessor Parcel Number 154-29-053-C

Community Details

Overview

  • 4 Units
  • Building Dimensions are 91 x 103
  • Indian Wells Subdivision

Building Details

  • Operating Expense $10,590
  • Gross Income $68,970
  • Net Operating Income $58,209

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,695

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Cross Street: 23rd Avenue & Heatherbrae Drive
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1963
  • Tax Year: 2024
  • Subdivision Name: INDIAN WELLS
  • Tax Parcel Letter: C
  • Water Source City Franchise2: Yes
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: Refrigerator, Free-Standing Electric Oven, Microwave, Washer/Dryer
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: Painted, Block
  • Roof: Other
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Paved
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking Features:Paved2: Yes

Utilities

  • Electric: SRP
  • Cooling: Individual
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes

Fee Information

  • Annual Water Sewer Expense: 3612.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 91 x 103
  • Additional Parcels: No
  • Parcel #: 154-29-053-C

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 68970.0
  • Insurance Expense: 1983.0
  • Maintenance Expense: 1500.0
  • Property Net Operating Income: 58209.0
  • Annual Operating Expense: 10590.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1695.0
  • Tax Book Number: 154.00
  • Tax Lot: 12

Map

Range of Values:

--
Value Increase
--
Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,866 $11,801 -- --
2024 $1,703 $11,240 -- --
2023 $1,703 $41,930 $8,380 $33,550
2022 $1,677 $28,460 $5,690 $22,770
2021 $1,693 $26,480 $5,290 $21,190
2020 $1,627 $22,370 $4,470 $17,900
2019 $1,607 $18,450 $3,690 $14,760
2018 $1,484 $15,770 $3,150 $12,620
2017 $1,465 $14,470 $2,890 $11,580
2016 $1,403 $12,560 $2,510 $10,050
2015 $1,328 $10,680 $2,130 $8,550
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/04/2025 11/04/25 For Sale $750,000 +400.0% --
01/16/2015 01/16/15 Sold $150,000 -23.1% $53 / Sq Ft View Prior Sale
12/15/2014 12/15/14 Pending -- -- --
05/08/2014 05/08/14 For Sale $195,000 +95.0% $69 / Sq Ft
08/09/2012 08/09/12 Sold $100,000 0.0% $35 / Sq Ft View Prior Sale
07/07/2012 07/07/12 Pending -- -- --
06/15/2012 06/15/12 For Sale $100,000 -- $35 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Special Warranty Deed -- None Listed On Document
Interfamily Deed Transfer -- None Available
Special Warranty Deed -- None Available
Special Warranty Deed -- None Available
Special Warranty Deed -- None Available
Warranty Deed $150,000 First Arizona Title Agency
Special Warranty Deed $100,000 Accommodation
Interfamily Deed Transfer -- Dirggs Title Agency Inc
Warranty Deed $100,000 First American Title Ins Co
Cash Sale Deed $70,000 First American Title Ins Co
Interfamily Deed Transfer -- Chicago Title
Cash Sale Deed $45,000 Accommodation
Trustee Deed $247,058 None Available
Warranty Deed $330,000 Capital Title Agency Inc
Warranty Deed $625,000 Transnation Title
Warranty Deed $650,000 First American Title Ins
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $147,283 FHA
Previous Owner $94,500 New Conventional
Previous Owner $30,000 Seller Take Back
Previous Owner $231,000 New Conventional
Previous Owner $80,000 Seller Take Back
Previous Owner $550,000 Seller Take Back
Closed $99,000 No Value Available
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6942801

Arizona Regional Multiple Listing Service (ARMLS)

APN: 154-29-053C