1123 E Sierra Vista Drive, Phoenix, AZ 85014

$3,200,000

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New to the Market Active

BEDS38 BATHS MLS#7098169

STATUSActive PROPERTY TYPEMulti Unit - Multiple

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Property Description

Sierra Vistas Apartments is a 24-unit community offering a rare value-add opportunity in one of North Central Phoenixs 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.

1123 E Sierra Vista Drive | MLS# 7098169

This multi-family property located at 1123 E Sierra Vista Drive, Phoenix, AZ 85014 is currently listed for sale with an asking price of $3,200,000. Search Phoenix real estate on jhumphrey.arizonabest.com today.

Property Features

Property Type: Multi Unit - Multiple

Cooling: Chiller System

Heating: Central

Roof Type: Composition

Taxes: $14,179

Year Built: 1957

Feature Descriptions

Community Features: Pool, Shuffle Brd/Lawn Bwl

Days on Site: 3

Exterior: Block, Painted

Exterior: Sidewalk(s)

Parking: 1 Space/Unit, Carport, On Street

Sewer: Public Sewer

Swimming Pool: Yes

Water: City Franchise

Listed By / Shown By

Listed By

Agency Name: ABI Multifamily
Agency Phone: 602-714-1400

Shown By

Agent Name: Jo-Ann Humphrey
Agent Phone: (330) 323-2012
Agency Title: Arizona Best Real Estate

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Estimated Payment

$ 9,236.73 per month $7,121.81 Principal & Interest $1,181.58 Property Tax $933.33 Homeowner's Insurance

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1123 E Sierra Vista Drive, Phoenix, AZ 85014

$3,200,000

SAVE TOUR THIS HOME

Jo-Ann Humphrey Office: (330) 323-2012 Cell: (330) 323-2012 Email Me

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