Properties

Phoenix, AZ 85008 4821 E SHERIDAN Street

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Presented By: Gerchick Real Estate; 602-688-9279
  • MLS# 6989552
  • 02/25/2026
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Home Details

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. see supplemental information 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: $1,595,000 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
Presented By: Gerchick Real Estate; 602-688-9279

Interior Features for 4821 E SHERIDAN Street

Bathrooms

Total Baths

Other Interior Features

Air Conditioning Y/NYes
FlooringCeramic Tile
Heating Y/NYes

General for 4821 E SHERIDAN Street

Additional Parcels Y/NNo
Attached Garage No
Cap Rate4.98
Carport Y/NNo
CityPhoenix
Community FeaturesNo Pool
Construction MaterialsOther, See Remarks, Painted, Stucco, Block
CoolingCeiling Fan(s), Heat Pump, Individual
CountyMaricopa
DisclosuresSeller Prop Disc Stm, APOD/Backup Avaible, Sch of Personal Prop
ElectricAPS, Individual Meter
Elementary School DistrictBalsz Elementary District
Garage Y/NNo
Gross Income93120.0
HeatingSee Remarks, Heat Pump
High School DistrictPhoenix Union High School District
Insurance Expense2100.0
Lease Considered Y/NNo
Lease Renewal Y/NNo
MaintenanceExpense750.0
MobileHomeRemainsYNNo
Net Operating Income79490.0
New ConstructionNo
New Financing: CashTrue
New Financing: ConventionalTrue
New Financing: FHATrue
New Financing: VATrue
Number Of Units Total4
Occupancy TypeVacant
Open Parking Spaces6.0
Operating Expense13521.0
OwnerPaysTrash Collection, Water, Sewer, Landscaping
OwnershipFee Simple
OwnershipFee Simple
Property TypeMultiple Dwellings
Rent Control Y/NNo
RoofComposition
Security FeaturesSecurity Light(s)
Senior CommunityN
SewerSewer-In & Connected, Public Sewer
Standard StatusActive
StatusActive
Subdivision NameSTAFFORD VILLAGE 2
Tax Annual Amount1745.0
Tax Lot8
Tax Year2024
Township2N
Virtual TourClick here
Water Sewer Expense2100.0
Year Built1957
Zoning[R-3] Multiple

Exterior for 4821 E SHERIDAN Street

Covered Spaces2.0
Crops Included Y/NNo
Exterior AmenitiesSidewalk(s)
Irrigation Water Rights Y/NNo
Lot DimensionsIrr
Number of Buildings1
Parking FeaturesSee Remarks, Paved, Free, Assigned, >1 Space Per Unit
Road Surface TypeAsphalt
SpaNo
Total Parking8.0
Water SourceMaster Meter, City Franchise

Additional Details

Price History

Connect Realty

Price $1,450,000
MLS#6989552
List Date 02/25/2026
Property Type Multi-Family
Phone 888.795.6274
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