1123 E Sierra Vista Drive, Phoenix, AZ 85014

$3,200,000
38
BD
38
BA
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List Price
$3,200,000
Status
ACTIVE
Days on Market
3
MLS#
7098169
Subtype
Multiple Dwellings
Year Built
1957
Bedrooms
38
Bathrooms
38
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(602) 769-4725

Property 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.

(602) 769-4725
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Additional Information

Exterior Features
Sidewalk(s)
Taxes
$14,179
Zoning
R-4
Appliances
Free-Standing Gas Oven
Heating
Central
Air Conditioning
Chiller System
Exterior Construction
Block, Painted
Pool
Yes
Parking Features
1 Space/Unit, Carport, On Street
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Listing courtesy of Listing Agent: Colin Kreager (602-714-1353) from Listing Office: ABI Multifamily.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.