4821 E SHERIDAN Street, Phoenix, AZ 85008

Property Description

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

Listing Status:

Active

Date Added:

February 25, 2026

Data Last Updated:

May 20, 2026 at 9:06PM

Listing Office:

Gerchick Real Estate : 602-688-9279

Listing Agent:

Linda S Gerchick : 602-688-9279

MLS ID:

6989552

Interior

• Flooring: Ceramic Tile
• A/C: Ceiling Fan(s)Heat PumpIndividual
• Heating: See RemarksHeat Pump

Exterior

• General: Sidewalk(s)
• Parking: See RemarksPavedFreeAssigned>1 Space Per UnitParking spaces: 8

Construction

• Roofing: Composition
• General: OtherSee RemarksPaintedStuccoBlock

Location

• Road/Access: Asphalt
• Originating MLS: Arizona Regional Multiple Listing Service 2
• School District: Balsz Elementary District
• County: Maricopa

Lot

• Zoning: [R-3] Multiple12617032

Utilities

• Water: Master MeterCity Franchise
• Sewer: Sewer-In & ConnectedPublic Sewer

Financial

• Source: Arizona Regional Multiple Listing Service 2