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.

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