4821 E Sheridan St Phoenix, AZ 85008
Camelback East Village NeighborhoodEstimated payment $7,879/month
Highlights
- Cooling Available
- Patio
- Outdoor Storage
- Phoenix Coding Academy Rated A
- Ceramic Tile Flooring
- Ceiling Fan
About This Home
Investment Potential:
This fully renovated Arcadia 4-plex just became one of the most compelling small multifamily plays in the Phoenix market. Recently reduced from $1,695,000 to $1,450,000, 4821 E Sheridan combines over $500,000 in capital improvements, strong rent potential, and an A+ Arcadia location that continues to attract high-quality tenants. One unit has just leased at $1,895 per month + $50 in RUBS, and three additional units are available to show and in active lease-up. For investors seeking a turnkey asset with both income growth and long-term appreciation, this property checks all the boxes. Buyer to verify all facts and figures. see supplemental information A Fully Renovated Investment Opportunity in One of Phoenix's Most Coveted Neighborhoods This meticulously upgraded 4-unit property is nestled in the heart of Arcadia, a prestigious neighborhood known for its lush landscapes, historic charm, and proximity to Camelback Mountain. Arcadia offers a unique blend of suburban tranquility and urban convenience, making it a highly sought-after location for residents and investors alike. Property Highlights: Address: 4821 W Sheridan, Phoenix, AZ Price: $1,450,000 Units: 4 (Fully Renovated) Location: Arcadia - Phoenix's Premier Neighborhood Investment: Over $500,000 in capital improvements Capital Improvements Include: Roof & Exterior: Complete roof replacement with 30-year architectural shingles Synthetic underlayment, flashing, and roof prep for long-term durability Stuccoed and freshly painted exteriors New entry doors and upgraded fencing for added privacy HVAC & Electrical: 4 new Goodman A/C units (3 units at 2 tons, 1 unit at 2.5 tons) Upgraded electrical service including new panels, circuit breakers, and dedicated circuits Landscaping & Outdoor: Removal of trees, old sidewalks, and debris New concrete driveways to 3 units and storage area 5 grass parcels in backyard and front yard River rock surrounding grass, sidewalks, and driveways New fencing and mailbox receptacle enhancing curb appeal Storage & Covered Parking: 4 newly built storage units, finished and painted Upgraded woodwork and painted covered parking Interior Upgrades & Appliances: Modern kitchens with new cabinets, countertops, sinks, and backsplashes Updated bathrooms: new toilets, sinks, cabinets, counters, mirrors, showers, and tubs Leveled floors with new flooring throughout Fresh interior paint and new overhead fans in every room 11 Milgard windows and 3 sliding doors installed Appliances include 4 refrigerators, dishwashers, ranges, microwaves, washer/dryers, and water heaters Neighborhood Features: Outdoor Recreation: Proximity to Camelback Mountain and Arizona Canal Trail for hiking, biking, and outdoor activities Dining & Shopping: Renowned eateries including Chelsea's Kitchen, The Henry, and La Grande Orange Community: Family-friendly with top-rated schools and a strong neighborhood feel Historic Charm: Architectural styles ranging from Spanish Revival to Ranch-style bungalows
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,745
Year Built
- Built in 1957
Lot Details
- Fenced
- Desert Landscape
Home Design
- Composition Roof
- Block Exterior
- Stucco
Interior Spaces
- Ceiling Fan
- Ceramic Tile Flooring
Home Security
- Security Lights
- Fire and Smoke Detector
Parking
- 8 Parking Spaces
- 2 Covered Spaces
- Free Parking
- Paved Parking
- 6 Open Parking Spaces
- Assigned Parking
Outdoor Features
- Patio
- Outdoor Storage
Utilities
- Cooling Available
- Air Source Heat Pump
- Separate Meters
- Natural Gas Not Available
- Master Water Meter
- Cable TV Available
Listing and Financial Details
- The owner pays for water, sewer, trash collection, landscaping
- Tax Lot 8
- Assessor Parcel Number 126-17-032
Community Details
Overview
- 4 Units
- Building Dimensions are Irr
- Stafford Village 2 Subdivision
Building Details
- Operating Expense $13,521
- Gross Income $93,120
- Net Operating Income $79,490
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 | $1,854 | $14,530 | -- | -- |
| 2024 | $1,728 | $13,838 | -- | -- |
| 2023 | $1,728 | $54,910 | $10,980 | $43,930 |
| 2022 | $1,666 | $37,120 | $7,420 | $29,700 |
| 2021 | $1,694 | $33,530 | $6,700 | $26,830 |
| 2020 | $1,663 | $29,720 | $5,940 | $23,780 |
| 2019 | $1,656 | $26,070 | $5,210 | $20,860 |
| 2018 | $1,560 | $24,360 | $4,870 | $19,490 |
| 2017 | $1,495 | $17,450 | $3,490 | $13,960 |
| 2016 | $1,462 | $14,850 | $2,970 | $11,880 |
| 2015 | $1,372 | $12,870 | $2,570 | $10,300 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/19/2026 03/19/26 | Price Changed | $1,450,000 | -9.1% | -- |
| 02/25/2026 02/25/26 | For Sale | $1,595,000 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Accommodation/Courtesy Recordi | |
| Warranty Deed | -- | Security Title Agency | |
| Warranty Deed | $610,000 | Wfg National Title Insurance C | |
| Warranty Deed | -- | None Listed On Document | |
| Trustee Deed | $602,200 | First National Title | |
| Warranty Deed | $300,000 | Magnus Title Agency Llc | |
| Interfamily Deed Transfer | -- | Great American Title Agency | |
| Interfamily Deed Transfer | -- | Great American Title Agency | |
| Warranty Deed | $150,000 | Great American Title Agency |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $600,000 | New Conventional | |
| Previous Owner | $536,250 | New Conventional | |
| Previous Owner | $265,000 | Commercial | |
| Previous Owner | $125,000 | Seller Take Back |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6989552
APN: 126-17-032
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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