REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Jay Patel

jay@thejaypatelgroup.com +1(623) 888-6210

$3,200,000

Est. payment - /mo

38 Beds

Save

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 7098169

Bedrooms 38

Year Built 1957

Annual Tax Amount $14,179

Tax Year 2025

Lot Dimensions 127' x 285'

Source Arizona Regional Multiple Listing Service (ARMLS)

Property Description

Sierra Vistas Apartments is a 24-unit community offering a rare value-add opportunity in one of North Central Phoenix's most desirable and supply-constrained rental markets. Built in 1957, the two-story, garden-style community consists of (2) studios, (8) 1-bed/1-bath units, and (14) large 2-bed/2-bath units. Residents enjoy an on-site pool, a landscaped courtyard, community laundry, & covered parking. The property offers substantial upside through interior, exterior, & system renovations, giving a new owner the opportunity to unlock meaningful rental growth in a neighborhood with consistently strong tenant demand. Master-metered electric & a central chiller/boiler present further opportunities for a buyer to implement a capital improvement strategy tailored to their investment objectives. Situated in a quiet pocket of the highly sought-after 85014 zip code, the property offers residents convenient access to the Uptown Corridor, the Biltmore, Phoenix Mountains, SR-51, premier healthcare, major employment, popular dining, & everyday retail.

Location

State AZ

County Maricopa

Area Maricopa

Zoning R-4

Interior

Heating Central

Cooling Chiller System

Flooring Carpet

Appliance Free-Standing Gas Oven

Exterior

Exterior Feature Sidewalk(s)

Parking Features 1 Space/Unit, On Street, Carport

Community Features Shuffle Brd/Lawn Bwl, Pool

Roof Type Composition

Private Pool Yes

Building

Sewer Public Sewer

Water City Franchise

Structure Type Sidewalk(s)

New Construction No

Others

Senior Community No

Tax ID 161-06-062-A

Ownership Fee Simple

Acceptable Financing Cash, Conventional, 1031 Exchange

Disclosures None, Seller Prop Disc Stm

Listing Terms Cash, Conventional, 1031 Exchange

Read Less Info

Listed by ABI Multifamily • Colin Kreager

Nearby School & Business

Get More Information

Jay Patel

+1(623) 888-6210

Team Leader SA539421000

1123 E Sierra Vista Drive Phoenix, AZ 85014

Jay Patel

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

Get More Information