Under contract
UCB (Under Contract-Ba...
2206 W HEATHERBRAE Drive
Phoenix AZ, 85015
$475,000
Under contract
UCB (Under Contract-Ba...
Other
Built in 1963
Income-Generating Triplex Near Grand Canyon University & I-17 Freeway - 8.16% Cap Rate with Value-Add Potential.
This centrally located triplex is a prime opportunity for savvy investors or first-time homebuyers seeking a property with strong income potential and room for growth. Featuring three 2-bedroom, 1-bathroom units, each equipped with private patios, this property offers desirable living spaces for tenants.
Currently, each unit is rented at $1,200 per month, producing an annual income of $43,200 and a solid 8.16% cap rate. However, there's additional value to be unlocked as current rents are below market value, allowing for potential increased returns.
Located just minutes from Grand Canyon University and with easy access to the I-17.
6779150
MLSⓇ ID
November 2, 2024
Listed
January 27, 2025
Updated
Map
2206 W HEATHERBRAE Drive
Phoenix AZ, 85015
Interior Features
Floor Description
Vinyl, Concrete
Fireplace
No
Cooling
Yes
Cooling Description
Electric
Heating
Yes
Heating Description
Electric
Exterior/Building Features
Roof
Composition
Sewer
Public Sewer
School Information
School District
Alhambra Elementary District
High School
Central High School
Elementary School
R E Simpson School
Other Property Details
Taxes
$1,218
Tax Frequency
Annually
Days on Market
86
Garage
No
Parking
1 Space/Unit
Parking Total
3
View
No
County
Maricopa
Water Source
City Franchise
Pool
No
Zoning
R-3
Listing History
Date | Event | Price |
---|---|---|
1/27/2025 | Under contract | — |
1/9/2025 | Price change | $475,000 -5% |
11/27/2024 | Price change | $499,999 -5% |
Courtesy of A.Z. & Associates
Listing Contact: 602-558-2990
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Valley Boys Realty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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Data Last Updated: 6:26 PM UTC, 1/27/2025.