2144 W HEATHERBRAE Drive, Phoenix, AZ 85015

$930,000

Property Type: Multiple Dwellings Bedrooms: 12 Baths: 6 Status: Active

Current Price: $930,000 Last Modified: 8/13/2026

Overview

Description

Six on Heatherbrae is a high-demand, cash-flowing six-unit multifamily property in Midtown Phoenix (85015). Featuring two detached single-story triplexes with large 2-bed/1-bath units on a ±16,870 SF corner lot, it offers immediate rental upside and value-add potential for 1031 buyers. PROPERTY HIGHLIGHTS: UNITS: Six spacious 2-bed/1-bath layouts (1963 build). LAYOUT: Two detached single-story triplexes with private patios. FINANCIALS: Cash-flowing with strong value-add potential. PARKING & UTILITIES: 10 open spaces; individually metered electricity. LOCATION: Corner lot in Midtown Phoenix, near the 19th Ave / Camelback Light Rail. ACCESS: Minutes to I-17, I-10, SR-51, and Sky Harbor Airport.

Listing Details MLS# 7066303

Location, Tax & Legal

House Number: 2144
Compass: W
Street Name: HEATHERBRAE
St Suffix: Drive
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85015
Zip4: 4966
Country: US
County Code: Maricopa
Subdivision: PUCCINELLI PLACE
Assessor Number: 154-29-027
Tax Year: 2025
Assessor's Map #: 29
Legal Description (Abbrev): LOT 8 PUCCINELLI PLACE MCR 007308
Assessor's Parcel #: 27
Add'l Parcels: Yes
Tax Municipality: Phoenix
Census Tract: 109003
Taxes: 3251
Legal: LOT 8 PUCCINELLI PLACE MCR 007308 LOT 9 PUCCINELLI PLACE MCR 007308
Marketing Name: Six on Heatherbrae

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 131 ft x 131 ft
Year Built: 1963
Uncvrd Parking Spcs: 10
Total # of Units: 6
# of Buildings: 2
Zoning: R-3, Phoenix
Elementary School District: Alhambra Elementary District
High School District: Phoenix Union High School District
Elementary School: Westwood Elementary School
Jr. High School: Choice Learning Academy
High School: Central High School

Remarks Misc

Cross Street: 19th Avenue & Camelback Road
Directions: From 19th Avenue & Camelback Road, west on Camelback to 23rd Avenue. Turn left and head south to Glenrosa. Turn left and head east to 22nd Avenue. Turn right and head south to Heatherbrae. Property on NWC of 22nd Avenue & Heatherbrae.

Legal Info

Township: 2N
Range: 2E
Section: 24
Lot Number: 8

2 Bedroom Units

# 2 Bedroom Units: 6
Avg Rent: 1300
Avg SqFt: 918
# Baths: Yes

More Information

Structure

Bedrooms Total: 12
Bathrooms Total: 6

Income Expenses

Gross Annual Sch Inc: 93600
Net Operating Income: 65821

Showing Notification Methods

Showing Service: No Showing Service Used
Text: Yes
Email: Yes
Phone Call: Yes

Project Type

Tri-Plex: Yes
5 - 12 Units: Yes

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Other Type

Packaged Offering: Yes

Construction

Block: Yes
Wood Frame: Yes
Slump Block: Yes

Const - Finish

Painted: Yes

Roofing

Composition: Yes

Floors

Concrete: Yes
Vinyl: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 4800
Annual Land Lse Exp: 0
Annual Landscape Exp: 1200
Annual Legal & Acctg: 0
Annual Maint Exp: 3000
Annual Mgmt Exp: 4446
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 0
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 1800
Annual Other Expense: 4602
Operating Exp: 23099
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 88920
Total Monthly Rental Income: 7800

Pmt & Rate Info

Cap Rate: 7.08
Equity: 930000
Down Payment %: 100
Monthly Payments: 0
Total Owed: 0

Lockbox Type

None: Yes

Community Features

No Pool: Yes

Heating

Natural Gas: Yes

Cooling

Central Air: Yes
Electric: Yes
Individual: Yes
2 or More Units: Yes

Exterior Amenities

Landscape Water System: Yes
Green Landscaping: Yes
Desert Landscaping: Yes
Separate Storage: Yes

Interior Features

Other (See Remarks): Yes

Tenant Pays

Electricity: Yes
Cable TV: Yes

Appliances Included

Free-Standing Gas Oven: Yes
Refrigerator: Yes
Free-Standing Range: Yes

Road Access Type

Alley: Yes
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
Sewer-In & Connected: Yes

Parking Features

On Street: Yes
>1 Space Per Unit: Yes
Add'l Parking Avail: Yes

Electric

APS: Yes
Individual Meter: Yes

Gas

SW Gas: Yes
Master Meter: Yes

Owner Pays

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

New Financing

Cash: Yes
VA: Yes
Conventional: Yes
FHA: Yes
1031 Exchange: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Existing 1st Loan Type

Not Applicable: Yes

Existing 1st Loan Terms

Not Applicable: Yes

Existing 2nd Loan

Treat as Free&Clear: Yes

Existing 2nd Loan Type

Not Applicable: Yes

Existing 2nd Loan Terms

Not Applicable: Yes

Existing 3rd Loan

Treat as Free&Clear: Yes

Existing 3rd Loan Type

Not Applicable: Yes

Reports/Disclosures

None: Yes

Existing 3rd Loan Terms

Not Applicable: Yes

Environmental

None: Yes

Existing Othr Ln Trm

Not Applicable: Yes

Property Features

Project Type: Tri-Plex; 5 - 12 Units Other Type: Packaged Offering Construction: Block; Wood Frame; Slump Block Const - Finish: Painted Roofing: Composition Floors: Concrete; Vinyl Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Landscape Water System; Green Landscaping; Desert Landscaping; Separate Storage Interior Features: Other (See Remarks) Appliances Included: Free-Standing Gas Oven; Free-Standing Range; Refrigerator Heating: Natural Gas Cooling: Electric; Individual; Central Air; 2 or More Units Water Source: City Franchise; Master Meter Sewer: Sewer - Public; Sewer-In & Connected Electric: APS; Individual Meter Gas: SW Gas; Master Meter Parking Features: On Street; >1 Space Per Unit; Add'l Parking Avail Road Access Type: Alley; City Street Road Surface Type: Asphalt Road Responsibility: City Maintained Road Owner Pays: Water; Gas; Trash Collection; Landscaping Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner; Projected Proforma Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Cash; VA; FHA; Conventional; 1031 Exchange Environmental: None

Listing Office: ABI Multifamily

Last Updated: August - 13 - 2026