Investment Potential:
This fully renovated Arcadia 4-plex just became one of the most compelling small multifamily plays in the Phoenix market. Recently reduced from $1,695,000 to $1,450,000, 4821 E Sheridan combines over $500,000 in capital improvements, strong rent potential, and an A+ Arcadia location that continues to attract high-quality tenants.
One unit has just leased at $1,895 per month + $50 in RUBS, and three additional units are available to show and in active lease-up. For investors seeking a turnkey asset with both income growth and long-term appreciation, this property checks all the boxes.
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: $1,450,000
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
