The Property
A Fully Renovated Investment Opportunity in One of Phoenix’s Most Coveted Neighborhoods
This meticulously upgraded 4-unit property is nestled in the heart of Arcadia, a prestigious neighborhood known for its lush landscapes, historic charm, and proximity to Camelback Mountain. Arcadia offers a unique blend of suburban tranquility and urban convenience, making it a highly sought-after location for residents and investors alike.
Property Highlights:
- Address: 4821 W Sheridan, Phoenix, AZ
- Price: $1,695,000
- Units: 4 (Fully Renovated)
- Location: Arcadia – Phoenix’s Premier Neighborhood
- Investment: Over $500,000 in capital improvements
Capital Improvements Include:
Roof & Exterior:
- Complete roof replacement with 30-year architectural shingles
- Synthetic underlayment, flashing, and roof prep for long-term durability
- Stuccoed and freshly painted exteriors
- New entry doors and upgraded fencing for added privacy
HVAC & Electrical:
- 4 new Goodman A/C units (3 units at 2 tons, 1 unit at 2.5 tons)
- Upgraded electrical service including new panels, circuit breakers, and dedicated circuits
Landscaping & Outdoor:
- Removal of trees, old sidewalks, and debris
- New concrete driveways to 3 units and storage area
- 5 grass parcels in backyard and front yard
- River rock surrounding grass, sidewalks, and driveways
- New fencing and mailbox receptacle enhancing curb appeal
Storage & Covered Parking:
- 4 newly built storage units, finished and painted
- Upgraded woodwork and painted covered parking
Interior Upgrades & Appliances:
- Modern kitchens with new cabinets, countertops, sinks, and backsplashes
- Updated bathrooms: new toilets, sinks, cabinets, counters, mirrors, showers, and tubs
- Leveled floors with new flooring throughout
- Fresh interior paint and new overhead fans in every room
- 11 Milgard windows and 3 sliding doors installed
- Appliances include 4 refrigerators, dishwashers, ranges, microwaves, washer/dryers, and water heaters
Neighborhood Features:
- Outdoor Recreation: Proximity to Camelback Mountain and Arizona Canal Trail for hiking, biking, and outdoor activities
- Dining & Shopping: Renowned eateries including Chelsea’s Kitchen, The Henry, and La Grande Orange
- Community: Family-friendly with top-rated schools and a strong neighborhood feel
- Historic Charm: Architectural styles ranging from Spanish Revival to Ranch-style bungalows
Investment Potential:
This turnkey 4-plex offers a rare combination of over $500,000 in renovations, modern upgrades, minimal maintenance, and strong rental potential in one of Phoenix’s most desirable neighborhoods. Perfect for investors seeking consistent cash flow and long-term appreciation.
Buyer to verify all facts and figures.
Virtual Tour-Check it out!
If you‘re interested in exploring the features of this property without leaving the comfort of your home, I highly recommend checking out the virtual tour. By clicking on the link provided, you’ll have the opportunity to experience a 360-degree view of the property, giving you a more immersive and interactive perspective. So why not take advantage of this convenient and innovative tool and discover what this property has to offer?
Location
Invest in Arcadia – Phoenix’s Premier Neighborhood
Location:
Arcadia is a highly sought-after Phoenix enclave, roughly bordered by Camelback Road to the north, Arizona Canal to the south, 44th Street to the east, and 68th Street to the west. Its central location offers quick access to Downtown Phoenix, Scottsdale, and Sky Harbor Airport, making it ideal for professionals, families, and investors seeking strong rental demand.
Real Estate Appeal:
- Diverse Housing Options: The area features a mix of historic ranch-style homes, modern custom builds, and upscale multifamily properties, attracting a wide tenant base.
- High Rental Demand: Arcadia is consistently in high demand due to its proximity to major employers, schools, and entertainment, ensuring low vacancy rates.
- Appreciation Potential: Home and rental values have shown steady growth, fueled by luxury renovations, new builds, and lifestyle amenities.
- Investor-Friendly: Many properties qualify for residential financing or DSCR loans, making acquisition and portfolio growth accessible for savvy investors.
Lifestyle & Amenities:
- Dining & Shopping: Popular spots like Postino Arcadia, O.H.S.O. Brewery, La Grande Orange, The Vig Arcadia, and Chelsea’s Kitchen attract residents and visitors alike.
- Parks & Recreation: Arcadia Park, Papago Park, and Camelback Mountain offer hiking, sports, and outdoor lifestyle amenities that enhance property value.
- Convenience: Everyday needs are met with Whole Foods, Sprouts, and AJ’s Fine Foods—perfect for tenants seeking walkable and amenity-rich living.
Entertainment & Culture:
- Nightlife & Music: Local favorites such as O.H.S.O. Brewery & Distillery and The Rebel Lounge provide lively nightlife and entertainment.
- Arts & Events: The neighborhood is just minutes from the Phoenix Art Museum and Scottsdale Center for the Performing Arts, attracting culturally-minded tenants.
- Community: Seasonal farmers markets and neighborhood events foster a sense of community, increasing tenant retention.
Transportation & Connectivity:
- Highway Access: Close to SR-51, Loop 202, and I-10, offering seamless commutes across the Valley.
- Public Transit: Multiple bus routes and nearby light rail in Central Phoenix provide additional commuting options.
- Airport Proximity: Just 15–20 minutes from Sky Harbor, ideal for frequent travelers.
Summary:
Arcadia is a high-demand, high-appeal neighborhood with strong rental potential, robust property appreciation, and lifestyle amenities that attract quality tenants. For investors, this area represents a turnkey opportunity to acquire properties that consistently perform, whether it’s single-family homes, luxury rehabs, or small multifamily units.
$1,695,000
Sale Price
$77,820
Effective Operating Income
$13,630
Operating Expenses
$66,042
Net Operating Income
3.79%
Cap Rate
$1,695,000
Sale Price
$93,600
Proforma Effective Income
$13,630
Proforma Operating Expenses
$79,970
Proforma Net Operating Income
4.72%
Proforma Cap Rate
Offering Memorandum and Marketing Flyer
To access the Offering Memorandum or the one page Flyer, simply click on the button located below. From there, you’ll be able to download the document in PDF format.
Our Offering Memorandum is an essential resource for anyone who is considering investing in our opportunity. It includes all the necessary information, such as the investment terms, potential risks, financial projections, and more. By reviewing this document, you’ll have a complete understanding of what the investment entails.
If you have any questions or would like to learn more about our investment opportunity, please don’t hesitate to reach out to us. We’re always happy to answer any questions and provide you with the information you need to make an informed decision.
Thank you for considering our investment opportunity, and we hope to hear from you soon!
Documents
Rent Roll
Floor Plans and Appraiser Measurements
Seller Property Disclosure 1-4 Units
Warranties
Insurance Loss Run
We‘d like to invite you to check out the additional photos we have uploaded to our website for our property. These photos offer a more detailed view of the property from various angles and perspectives, giving you a better understanding of its layout and features. Take a few moments to browse through these photos to see for yourself what our property has to offer. We believe that they will provide you with a better insight into our property. Thank you for considering this property, and please don’t hesitate to contact us if you have any questions.
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