2201 W Heatherbrae Dr., Phoenix, AZ 85015

DO NOT STOP BY PROPERTY, DRIVE BY ONLY. Please see document tab for financials. Heatherbrae Apartments is a single story 23-unit apartment community located in an established Central Phoenix neighborhood. Current ownership has made several capital improvements to the property including new roofs for all 6 buildings, 23 new HVAC’s, exterior paint, pool re-plaster with split drains, remodel of the laundry room, and the renovation of several unit interiors. The property is conveniently located within a half block of the Interstate 17 and the Valley METRO Light Rail is just one block to the north. Westwood Elementary School is within walking distance of the community providing a great benefit for the residents and their families. Just two blocks north of the property is Christown Spectrum Mall, with 1.1 million square feet of retail and 50 shops including 5 major anchors offering residents a tremendous amount of employment, shopping, and entertainment venues. Heatherbrae is situated on 2.12 acres and is comprised of 100 percent two-bedroom/one-bathroom single story floor plans with slightly vaulted ceilings that are extremely spacious and well designed. The community has pitched roofs, individually metered, roof mounted HVACâ™s, and individual water heaters. There is upside in the rents of $25-$50 through minor upgrades to the property which will increase cash flow and value for the property. Heatherbrae Apartments represent the opportunity for an investor to purchase a low density, single story apartment community with a great unit mix of all two bedrooms and tremendous upside in rents. PLEASE DO NOT STOP BY THE PROPERTY. CONTACT THE LISTING AGENTS TO SCHEDULE ALL PROPERTY TOURS.