- $500k Price
2206 W Heatherbrae Drive
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.
Essential Information
- MLS® #6779150
- Price$499,999
- Bathrooms0.00
- Acres0.00
- Year Built1963
- TypeMultiple Dwellings
- StatusActive
Community Information
- Address2206 W Heatherbrae Drive
- SubdivisionN/A
- CityPhoenix
- CountyMaricopa
- StateAZ
- Zip Code85015
Amenities
- AmenitiesNo Pool
- Parking Spaces3
- Parking1 Space/Unit
Interior
- AppliancesBI Oven/Range, Microwave
- HeatingElectric
- CoolingElectric
Exterior
- RoofComposition
- ConstructionPainted, Stucco, Frame - Wood
School Information
- ElementaryR E Simpson School
- MiddleR E Simpson School
- HighCentral High School
District
Phoenix Union High School District
Additional Information
- ZoningR-3
Listing Details
- OfficeA.Z. & Associates
Price Change History for 2206 W Heatherbrae Drive, Phoenix, AZ (MLS® #6779150)
| Date | Details | Change |
|---|---|---|
| Price Reduced from $524,999 to $499,999 |
A.Z. & Associates.
Information Deemed Reliable But Not Guaranteed. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. ARMLS Logo indicates that a property listed by a real estate brokerage other than Launch Real Estate LLC. Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Listing information last updated on December 27th, 2024 at 1:00am MST.