2140 W Heatherbrae Dr Phoenix, AZ 85015
Alhambra NeighborhoodEstimated payment $2,902/month
Highlights
- Popular Property
- Cooling Available
- Heating Available
- Phoenix Coding Academy Rated A
- Ceramic Tile Flooring
About This Home
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. 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
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,604
Year Built
- Built in 1963
Home Design
- Wood Frame Construction
- Composition Roof
- Foam Roof
- Stucco
Parking
- 6 Open Parking Spaces
- 9 Parking Spaces
- Carport
- Additional Parking
Utilities
- Cooling Available
- Heating Available
Additional Features
- Ceramic Tile Flooring
- Additional Parcels
Listing and Financial Details
- The owner pays for water, sewer, trash collection, landscaping
- Tax Lot 10
- Assessor Parcel Number 154-29-028
Community Details
Overview
- 3 Units
- Building Dimensions are 373' X 196'
- Puccinelli Place Subdivision
Building Details
- Operating Expense $13,564
- Gross Income $46,800
- Net Operating Income $33,236
Map
Home Values in the Area
Average Home Value in this Area
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 | $1,627 | $10,292 | -- | -- |
| 2024 | $1,485 | $9,802 | -- | -- |
| 2023 | $1,485 | $36,120 | $7,220 | $28,900 |
| 2022 | $1,463 | $27,230 | $5,440 | $21,790 |
| 2021 | $1,476 | $23,510 | $4,700 | $18,810 |
| 2020 | $1,419 | $20,380 | $4,070 | $16,310 |
| 2019 | $1,402 | $17,250 | $3,450 | $13,800 |
| 2018 | $1,294 | $14,810 | $2,960 | $11,850 |
| 2017 | $1,278 | $13,220 | $2,640 | $10,580 |
| 2016 | $1,224 | $11,280 | $2,250 | $9,030 |
| 2015 | $1,158 | $9,530 | $1,900 | $7,630 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/29/2026 04/29/26 | Price Changed | $475,000 | -50.0% | -- |
| 04/29/2026 04/29/26 | Price Changed | $950,000 | -5.0% | -- |
| 04/07/2026 04/07/26 | For Sale | $999,900 | +100.0% | -- |
| 04/07/2026 04/07/26 | For Sale | $499,900 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $350,000 | American Title Service Agency | |
| Special Warranty Deed | $137,750 | None Available | |
| Warranty Deed | $137,750 | Lawyers Title Of Arizona Inc | |
| Warranty Deed | $125,000 | Nations Title Insurance |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $400,570 | Construction | |
| Previous Owner | $110,200 | New Conventional | |
| Previous Owner | $100,000 | Assumption |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 7010114
APN: 154-29-028
- 2132 W Glenrosa Ave Unit 81D
- 2132 W Glenrosa Ave Unit C85
- 2133 W Turney Ave Unit 76D
- 2221 W Turney Ave Unit C
- 2221 W Turney Ave Unit B
- 4416 N 22nd Dr
- 2333 W Glenrosa Ave Unit 114
- 4119 N 23rd Dr
- 2002 W Turney Ave
- 4260 N 19th Ave
- 2421 W Glenrosa Ave
- 1912 W Roma Ave
- 4125 N 19th Ave
- 2450 W Glenrosa Ave Unit 27
- 1925 W Amelia Ave
- 1809 W Heatherbrae Dr
- 2145 W Indianola Ave
- 2406 W Campbell Ave Unit 143
- 2234 W Hazelwood St
- 3926 N 19th Ave
- 2132 W Glenrosa Ave
- 2226 W Heatherbrae Dr Unit 1
- 2226 W Heatherbrae Dr Unit 4
- 2123 W Devonshire Ave Unit 15
- 2123 W Devonshire Ave Unit 9
- 2139 W Devonshire Ave Unit 2
- 2139 W Devonshire Ave Unit 4
- 2139 W Devonshire Ave Unit 3
- 4307 N 21st Dr
- 4325 N 21st Dr Unit 3
- 2030 W Indian School Rd
- 2311 W Glenrosa Ave Unit 1
- 4421 N 23rd Ave Unit 2
- 2001 W Turney Ave Unit 6
- 4423 N 23rd Ave Unit B
- 2025 W Indian School Rd
- 2025 W Indian School Rd Unit 1
- 2025 W Indian School Rd Unit St
- 2445 W Glenrosa Ave
- 2025 W Campbell Ave
Ask me questions while you tour the home.