Movoto Real Estate
Sold on 11/01/2024
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4841 E Sheridan St, Phoenix, AZ 85008

$550,000

Last sold 11/01/2024 after 391 Days

  • 4

    bed

  • 2

    bath

Multi-family not for sale

About 4841 E Sheridan St

Property type Multi-family
Neighborhood
Year built 1959
HOA fee $0/month
Property description
🏡 **Charming Duplex in 85008 - Perfect Investment Opportunity!** Are you looking for the perfect investment property in the heart of 85008? Look no further! This stunning duplex is a gem you don't want to miss out on. With its recent upgrades and stable tenant history, it's an excellent opportunity for both seasoned investors and those looking to start their real estate portfolio. 🌟 **Key Features:** ✅ **Newer Roof:** Say goodbye to costly roof repairs. This duplex boasts a brand-new roof that provides peace of mind and reduces maintenance expenses. ✅ **Newer Air Conditioners:** Keep your tenants comfortable year-round with the latest air conditioning units, ensuring efficient cooling and heating. ✅ **Stable Tenants:** Enjoy the benefits of a steady **Newer Roof:** Say goodbye to costly roof repairs. This duplex boasts a brand-new roof that provides peace of mind and reduces maintenance expenses. **Newer Air Conditioners:** Keep your tenants comfortable year-round with the latest air conditioning units, ensuring efficient cooling and heating. **Stable Tenants:** Enjoy the benefits of a steady rental income stream with reliable and long-term tenants already in place. **2 Spacious Bedrooms:** Each unit features two generous bedrooms, perfect for attracting renters seeking ample living space. **Lovely Courtyard:** The property includes a delightful courtyard, offering a serene outdoor space for relaxation and entertainment. **Why Invest in 85008?** **Prime Location:** 85008 is a sought-after neighborhood in Phoenix, close to the city's vibrant cultural scene, dining, shopping, and excellent schools. **Strong Appreciation:** The area has seen consistent property value growth, making it an attractive choice for investors seeking long-term appreciation. **Rental Demand:** With its proximity to major employment hubs, the demand for rental properties in this area remains consistently high. **Easy Commute:** Convenient access to major highways ensures a smooth commute for both tenants and landlords. **Investment Potential:** Whether you're interested in stable rental income or future resale value, this duplex offers promising investment potential. Don't miss out on this incredible opportunity to own a duplex in 85008 with a newer roof, updated air conditioners, stable tenants, and a charming courtyard. *Invest in your future with this exceptional duplex in 85008!*
Listed by
Listing Agent - Linda S Gerchick
Listing Office - Gerchick Real Estate
Source: ARMLS mls logo
MLS#6615181 • last updated 1 year ago
Movoto checked ARMLS for data 6 minutes ago
Overview
Cooling/AC Ceiling Fan(s), Electric, Heat Pump, Individual
Heating Individual, Heat Pump, Electric
MLS # 6615181
Type Multiple Dwellings
Status Closed
Property Tax 1081
Year Built 1959
Interior
Flooring Ceramic Tile
Appliances Free-Standing Range, Other, Disposal, Dishwasher, Refrigerator, W/D Hookup
Exterior
Roof Composition
Construction Painted, Block
Parking Free, <1 Space Per Unit, On Street
# of Open Parking Spaces 2
Amenities / Utilities
Water Source Master Meter, City Franchise
Sewer/Septic Sewer-In & Connected, Public Sewer
Location
Subdivision STAFFORD VILLAGE 2
Community Features See Remarks, Barbecue
Elementary School District Balsz Elementary District
High School District Phoenix Union High School District
APN 126-17-035
Zoning R-3
Multifamily Details
Total # of Units 2
Expense: Operating 5916
Financial Data Source Owner, Projected Proforma, Books Shwn Accpt Ofr
Expense: Maintenance 450
Vacancy Allowance 0.03
Expense: Insurance 900
Net Operating Income 29295
Gross Income 35211
Expense: Professional Management 1560
Expense: Water/Sewer 1425
Gross Scheduled Income 35340
Expense: Gardener 500
We are not permitted to show value estimates for this property.
  • Nov 2024
    mls logo MLS # 6615181
  • Nov 1, 2024 Sold
    $550,000
  • Sep 24, 2024 Pending
  • Jul 2, 2024 Price Change
    $574,000 (-4.3%)
  • Apr 16, 2024 Price Change
    $599,900 (-13.7%)
  • Mar 13, 2024 Listed
    $695,000 (-7.2%)
  • Mar 3, 2024 Pending
  • Dec 14, 2023 Price Change
    $749,000 (-6.3%)
  • Nov 2, 2023 Price Change
    $799,000 (-6.0%)
  • Oct 7, 2023 Listed
    $850,000 (+415.2%)
  • Oct 2024
    Public Records
  • Oct 31, 2024 Sold
    $550,000 (-4.2%)
  • Jan 2018
    Public Records
  • Jan 19, 2018 Sold
    $165,000 (+22.7%)
  • Aug 2004
    Public Records
  • Aug 31, 2004 Sold
    $134,500
  • Year Property taxes Tax assessment
  • 2024
    $1,091 +1.0%
    $45,880 -2.34%
  • 2023
    $1,081 +3.7%
    $46,980 +40.11%
  • 2022
    $1,042 -1.6%
    $33,530 +48.89%
  • 2021
    $1,059 +1.9%
    $22,520 +10.83%
  • 2020
    $1,040 +0.4%
    $20,320 +13.77%
  • 2019
    $1,036 +6.2%
    $17,860 +14.41%
  • 2018
    $976 +4.4%
    $15,610 +5.4%
  • 2017
    $935 +2.2%
    $14,810 +39.98%
  • 2016
    $914 +6.5%
    $10,580
  • 2015
    $858
  • 4841 E Sheridan St
    $550K
  • Camelback East
    $762K
  • 85008
    $415K -7% y/y
  • Phoenix
    $469K 0% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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