4821 E SHERIDAN Street, Phoenix, AZ 85008

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