2101 W HEATHERBRAE Drive, Phoenix, AZ 85015

$650,000

AI Sky - Exterior Photo 2101 W Heatherbr

Property Type: Multiple Dwellings Bedrooms: 8 Baths: 4 Status: Active

Current Price: $650,000 Last Modified: 10/31/2026

Overview

Description

The unit interiors have been nicely updated. Two are currently rented and one is owner occupied. This property is a Short Sale, any buyer will need to exercise patience while we negotiate your offer with the bank. There are some known issues with the property and it has been priced accordingly.

Listing Details MLS# 7099949

Location, Tax & Legal

House Number: 2101
Compass: W
Street Name: HEATHERBRAE
St Suffix: Drive
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85015
Zip4: 7048
Country: US
County Code: Maricopa
Subdivision: INDIAN WELLS
Assessor Number: 154-29-053-C
Tax Year: 2025
Assessor's Map #: 29
Legal Description (Abbrev): LOT 12 INDIAN WELLS MCR 009509
Assessor's Parcel #: 53
Assessor Parcel Ltr: C
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 109003
Taxes: 1866
Legal: INDIAN WELLS MCR 95-09 LOT 12
Marketing Name: Indian Wells

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 120 x 108 Approx
Year Built: 1963
Uncvrd Parking Spcs: 4
Total # of Units: 4
# of Buildings: Yes
Zoning: R-3
Flood Zone: Yes
Elementary School District: Alhambra Elementary District
High School District: Phoenix Union High School District

Remarks Misc

Cross Street: 23rd Avenue & Indian School
Directions: N on 23rd Ave to E on Heatherbrae Dr. Travel east to intersection of 21st Ave and Heatherbrae, property on SW corner.

Legal Info

Township: 2N
Range: 2E
Section: 24
Lot Number: 12

2 Bedroom Units

# 2 Bedroom Units: 4
Avg Rent: 1100
Avg SqFt: 700
# Baths: Yes

More Information

Structure

Bedrooms Total: 8
Bathrooms Total: 4

Income Expenses

Gross Annual Sch Inc: 52800
Net Operating Income: 34454

Showing Notification Methods

Showing Service: Aligned Showings
Text: Yes

Project Type

Four Plex: Yes

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Construction

Block: Yes

Const - Finish

Painted: Yes

Roofing

Other: Yes

Floors

Vinyl: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Annual Ins Exp: 2200
Annual Landscape Exp: 1800
Annual Maint Exp: 1200
Annual Mgmt Exp: 3840
Annual Wtr/Swr Exp: 3600
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual Rplcmnt Rsrvs: 1200
Operating Exp: 15706
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 50160
Total Monthly Rental Income: 4000

Pmt & Rate Info

Cap Rate: 5.3
Equity: 650000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Lockbox Type

None: Yes

Community Features

No Pool: Yes

Heating

Electric: Yes

Cooling

Electric: Yes
Individual: Yes

Exterior Amenities

Fenced: Yes

Tenant Pays

Electricity: Yes
Cable TV: Yes

Appliances Included

Free-Standing Electric Oven: Yes
Microwave: Yes
Refrigerator: Yes
Washer/Dryer: Yes

Road Access Type

City Street: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes
Projected Proforma: Yes

Road Responsibility

City Maintained Road: Yes

Water Source

City Franchise: Yes
Master Meter: Yes

Sewer

Sewer - Public: Yes

Parking Features

Paved: Yes
Off Street: Yes

Electric

SRP: Yes

Gas

SW Gas: Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes
Landscaping: Yes

New Financing

Cash: Yes
Conventional: Yes

Special

Short Sale: Yes

Existing 1st Loan

VA: Yes

Reports/Disclosures

Seller Prop Disc Stm: Yes

Environmental

None: Yes

Property Features

Project Type: Four Plex Construction: Block Const - Finish: Painted Roofing: Other Floors: Vinyl Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Fenced Appliances Included: Free-Standing Electric Oven; Refrigerator; Microwave; Washer/Dryer Cooling: Electric; Individual Water Source: City Franchise; Master Meter Sewer: Sewer - Public Electric: SRP Gas: SW Gas Parking Features: Paved; Off Street Road Access Type: City Street Road Surface Type: Asphalt Road Responsibility: City Maintained Road Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner; Projected Proforma Special: Short Sale Showing Notification Methods: Text Lockbox Type: None Existing 1st Loan: VA New Financing: Cash; Conventional Environmental: None

Listing Office: Realty ONE Group

Office Phone: 480-285-0000

Office Email: ron.copus@realtyonegroup.com

Last Updated: October - 31 - 2026

Broker Attribution: 602-828-0684