Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Puccinelli Place
MLS Listing ID 7010161
Maintenance Fees $3,000
Year Built 1963
Annual Tax Amount $3,254
Tax Year 2025
Lot Dimensions 373' X 196'
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
Current rents are significantly below market at approximately $995 per unit, all on month-to-month leases, providing immediate upside. With strategic renovations, rents are projected to achieve $1,300 to $1,450 per unit, creating a clear path to increased cash flow and asset appreciation. An on-site laundry facility offers additional income potential and operational efficiency. The offering includes two triplex buildings combined purchase price: $999,900.
* 2140 W Heatherbrae - $499,900 must be purchased together
* 2144 W Heatherbrae - $499,900 must be purchased together
Additionally, the adjacent property at 2134 W Heatherbrae will be coming to market at $499,900, presenting a rare opportunity to acquire all three triplexes (9 total units) for a combined price of $1,499,000.
The property is centrally located with strong rental demand drivers and accessibility. Financing options include conventional and commercial loan structures.
All facts and figures are approximate. Buyer to verify all information. Seller is Holds an active real estate Brokers license in AZ and FL
Location
State AZ
County Maricopa
Community Puccinelli Place
Area Maricopa
Zoning R-3
Direction North on 23rd Ave to Heaterbrae Dr, East to property on the North side of the street.
Interior
Heating Electric
Cooling Electric, Individual
Flooring Ceramic Tile
Appliance Refrigerator, Free-Standing Gas Oven
Exterior
Exterior Feature Sidewalk(s)
Parking Features Add'l Parking Avail, Carport
Community Features See Remarks
Roof Type Composition,Foam
Private Pool No
Building
Sewer Public Sewer
Water City Franchise
Structure Type Sidewalk(s)
New Construction No
Schools
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 154-29-028
Acceptable Financing Owner May Carry, Conventional, 1031 Exchange
Disclosures None
Listing Terms Owner May Carry, Conventional, 1031 Exchange
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.