1123 E Sierra Vista DrivePhoenix, AZ 85014

Description

Sierra Vistas Apartments is a 24-unit community offering a rare value-add opportunity in one of North Central Phoenix's most desirable and supply-constrained rental markets. Built in 1957, the two-story, garden-style community consists of (2) studios, (8) 1-bed/1-bath units, and (14) large 2-bed/2-bath units. Residents enjoy an on-site pool, a landscaped courtyard, community laundry, & covered parking. The property offers substantial upside through interior, exterior, & system renovations, giving a new owner the opportunity to unlock meaningful rental growth in a neighborhood with consistently strong tenant demand. Master-metered electric & a central chiller/boiler present further opportunities for a buyer to implement a capital improvement strategy tailored to their investment objectives. Situated in a quiet pocket of the highly sought-after 85014 zip code, the property offers residents convenient access to the Uptown Corridor, the Biltmore, Phoenix Mountains, SR-51, premier healthcare, major employment, popular dining, & everyday retail.

Property Information

Property type

Residential Income

Sub-type

Multi Family

Year built

1957

Lot dimensions

127' x 285'

Parking spaces

33

Zoning

R-4

Days on market

11

Listing #

7098169

Property Features

Appliances

Free-Standing Gas Oven

Heating

Central

Parking

Carport · On Street

Construction

Block

Roof

Composition

Community

Pool

Sewer

Public Sewer

Water source

Public

Financial Details

Annual taxes

$14,179Tax year 2025

Parcel number

161-06-062-A