$1,595,000

nvestment Potential: This turnkey 4-plex offers a rare combination of over $500,000 in renovations, modern upgrades, minimal maintenance, and strong rental potential in one of Phoenix's most desirable neighborhoods. Perfect for investors seeking consistent cash flow and long-term appreciation. Buyer to verify all facts and figures. see supplemental information… Read More 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: $1,595,000 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 Read Less

Courtesy of Gerchick Real Estate 602-688-9279

Listing Snapshot

Days Online

Last Updated

Feb 25, 2026

Property Type

Multiple Dwellings

Year Built

1957

MLS Number

6989552

30 Days Snapshot Of 85008

$391k

-13%

(avg) sold price

+137%

homes sold

123

+17%

(avg) days on market

Snapshot

Area Map

Additional Details

Appliances & Equipment

"Free-Standing Range", "Disposal", "Refrigerator", "Microwave"

Building

Built in 1957, Construction materials: "Other", "See Remarks", "Stucco", "Block", 4 total units

Cooling

"Ceiling Fan(s)", "Heat Pump", "Individual"

Exterior Features

"Sidewalk(s)"

Floors

"Ceramic Tile"

Heating

"See Remarks", "Heat Pump"

Parking

"Paved", "Free", "Assigned", ">1 Space Per Unit", 8 total parkings

Property

Zoning: [R-3] Multiple

Roof

"Composition"

Security Features

"Security Light(s)"

Sewer

"Sewer-In & Connected", "Public Sewer"

Taxes

Annual amount: $1,745, Lot: 8

Utilities

"APS", "Individual Meter"

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4821 E SHERIDAN Street

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