$1,250,000
PENDING $170K PRICE DROP

2134 W Heatherbrae Dr Phoenix, AZ 85015

Alhambra Neighborhood

Estimated payment $6,593/month

Total Views 2,435
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

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.

Listing Agent

Eric Hegarty

Better Homes & Gardens Real Estate SJ Fowler License #SA650759000 Listed on: 10/22/2025

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,229

Year Built

  • Built in 1963

Lot Details

  • Additional Parcels

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Foam Roof
  • Stucco

Flooring

  • Ceramic Tile
  • Vinyl

Parking

  • 6 Open Parking Spaces
  • 9 Parking Spaces
  • Carport

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tax Lot 10
  • Assessor Parcel Number 154-29-029

Community Details

Overview

  • 3 Buildings
  • 9 Units
  • Building Dimensions are 373' X 196'
  • Puccinelli Place Subdivision

Building Details

  • Operating Expense $18,458
  • Gross Income $88,200
  • Net Operating Income $68,501

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,229

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Cross Street: Indian School & 23rd Ave
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1963
  • Tax Year: 2024
  • Subdivision Name: PUCCINELLI PLACE
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl
  • Appliances: Refrigerator, Free-Standing Gas Oven
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Stucco
  • Roof: Composition, Foam

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Add'l Parking Avail, Carport
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 9.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 9.0
  • Parking Features:Carport: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: See Remarks

Fee Information

  • Annual Water Sewer Expense: 10480.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 373' X 196'
  • Additional Parcels: Yes
  • Parcel #: 154-29-029

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 9
  • Annual Gross Income: 88200.0
  • Insurance Expense: 3000.0
  • Maintenance Expense: 3149.0
  • Property Net Operating Income: 68501.0
  • Annual Operating Expense: 18458.0

Tax Info

  • Tax Annual Amount: 1229.0
  • Tax Book Number: 154.00
  • Tax Lot: 10

Map

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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 $1,353 $8,556 -- --
2024 $1,235 $8,149 -- --
2023 $1,235 $29,970 $5,990 $23,980
2022 $1,216 $22,620 $4,520 $18,100
2021 $1,227 $19,700 $3,940 $15,760
2020 $1,180 $17,030 $3,400 $13,630
2019 $1,165 $14,220 $2,840 $11,380
2018 $1,076 $12,170 $2,430 $9,740
2017 $1,062 $10,920 $2,180 $8,740
2016 $1,017 $9,310 $1,860 $7,450
2015 $963 $7,800 $1,560 $6,240
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/09/2026 01/09/26 Pending -- -- --
12/01/2025 12/01/25 Price Changed $1,250,000 -12.0% --
10/22/2025 10/22/25 For Sale $1,420,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

Date Type Sale Price Title Company
Cash Sale Deed $147,231 Chicago Title Insurance Co
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6937991

Arizona Regional Multiple Listing Service (ARMLS)

APN: 154-29-029