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1329 E CINNABAR Avenue, Phoenix, AZ 85020,Phoenix,Maricopa,Multiple Dwellings

  • $940,000
1329 E CINNABAR Avenue, Phoenix, AZ 85020
Multiple Dwellings Active

1329 E CINNABAR Avenue, Phoenix, AZ 85020,Phoenix,Maricopa,Multiple Dwellings

1329 E CINNABAR Avenue, Phoenix, AZ 85020
  • $940,000

Description

This multifamily community on Cinnabar Ave is a unique investment opportunity featuring five multifamily apartment units. This property is ideal for those looking to maximize rental income potential in a growing area metro. While the units have been remodeled and well maintained, the homes offer a fantastic blank canvas for value-added improvements. Each unit boasts individual metering and electricity provided by on site solar panels. Located in a convenient neighborhood close to large employers, shopping, and dining, this property has significant upside potential. With continued property management, 1329 E Cinnabar Ave can become a standout addition to your real estate portfolio.

Details

Property ID
6718620
Year Built
1960
Updated on August 4, 2024 at 4:02 am

Additional details

  • AdditionalParcelsYN:
  • CommunityFeatures: No Pool
  • ConstructionMaterials: Painted,Frame - Wood
  • Cooling: Individual,Electric
  • CoveredSpaces: 6
  • CrossStreet: N Cave Creek Rd & E Cinnabar Ave
  • Directions: Go North Interstate-51, take to go on E Northern Ave heading west. Go right to go North on N 7th St. Take the right onto N Cave Creek. Turn right on E Cinnabar Ave. Property will be on the right.
  • Disclosures: Seller Prop Disc Stm
  • DocumentsChangeTimestamp: 2024-06-13T16:40:34Z
  • DocumentsCount: 0
  • Electric: APS,SRP,Individual Meter,Solar
  • ElectricExpense: 1800
  • ElementarySchool: Sunnyslope Elementary School
  • ElementarySchoolDistrict: Washington Elementary District
  • FinancialDataSource: Owner,Projected Proforma
  • Flooring: Vinyl,Wood
  • GrossIncome: 88722
  • GrossScheduledIncome: 92400
  • Heating: Individual,Electric
  • HighSchool: Sunnyslope High School
  • InsuranceExpense: 1828
  • ListAgentKey: 20231019182405217283000000
  • ListAgentMlsId: jp1468
  • ListOfficeKey: 20071206231947812705000000
  • ListOfficeMlsId: wusa02
  • ListingContractDate: 2024-06-10
  • ListingKey: 20240610202719841789000000
  • ListingTerms: No Carry,Conventional
  • LotSizeArea: 0
  • LotSizeDimensions: 156.98' by 166.10'
  • LotSizeSquareFeet: 0
  • MaintenanceExpense: 800
  • MlsStatus: Active
  • ModificationTimestamp: 2024-08-04T01:06:20Z
  • NetOperatingIncome: 66528
  • NumberOfUnitsTotal: 5
  • OpenParkingSpaces: 6
  • OperatingExpense: 22154
  • OriginalEntryTimestamp: 2024-06-13T19:01:31Z
  • OriginatingSystemID: M00000048
  • OriginatingSystemKey: 20240610202719841789000000
  • OriginatingSystemName: Arizona Regional Multiple Listing Service (ARMLS)
  • OwnerPays: Electricity,Landscaping
  • ParcelNumber: 159-30-042-C
  • ParkingFeatures: >1 Space Per Unit,Street Parking,Common
  • ParkingTotal: 12
  • PhotosChangeTimestamp: 2024-06-13T17:01:32Z
  • PhotosCount: 15
  • PostalCity: Phoenix
  • PostalCodePlus4: 1834
  • ProfessionalManagementExpense: 4727
  • PublicSurveyRange: 3E
  • PublicSurveySection: 28
  • RoadSurfaceType: Dirt,Asphalt
  • Roof: Composition
  • Sewer: Public Sewer
  • SourceSystemID: M00000048
  • SourceSystemKey: 20240610202719841789000000
  • SourceSystemName: Arizona Regional Multiple Listing Service (ARMLS)
  • StateOrProvince: AZ
  • StatusChangeTimestamp: 2024-06-13T17:01:31Z
  • StreetDirPrefix: E
  • StreetName: CINNABAR
  • StreetNumber: 1329
  • StreetSuffix: Avenue
  • TaxBookNumber: 159.00
  • TaxLegalDescription: PT LOT 37 MOUNTAIN HOME MCR 18-43 DAF BEG AT PT ON W LI LOT 37 150F S FR NW COR SD LOT TH S 156.715F
  • TaxLot: 37
  • TaxParcelLetter: C
  • TaxYear: 2023
  • TenantPays: Electricity,Sewer
  • Township: 3N
  • TrashExpense: 400
  • VacancyAllowanceRate: 0.07
  • VideosCount: 0
  • WaterSewerExpense: 2920
  • WaterSource: Individual Meter
  • Zoning: R-3
  • ListAgentFirstName: Jeffery
  • ListAgentLastName: Pedersen
  • ListAgentPreferredPhone: 602-541-3756
  • ListAgentURL: http://pedersencommercial.com
  • ListOfficeEmail: Duane@westusarealty.com
  • ListOfficeName: West USA Realty
  • ListOfficePhone: 480-948-5554
  • ListOfficeURL: http://www.westusa.com
  • ContractStatusChangeDate: 2024-06-13
  • TaxAnnualAmount: 2441
  • InternetConsumerCommentYN: 1
  • InternetAutomatedValuationDisplayYN: 1
  • CapRate: 7.08
  • StreetNumberNumeric: 1329
  • ListAgentFullName: Jeffery Pedersen
  • InternetAddressDisplayYN: 1
  • NumberOfBuildings: 4
  • GardenerExpense: 3475
  • FuelExpense: 2760
  • InternetEntireListingDisplayYN: 1

Address

  • Address CINNABAR
  • City Phoenix
  • State/county Maricopa
  • Zip/Postal Code 85020
  • Area MOUNTAIN HOME TRACT LOTS 17 THRU 24 41 THRU 48

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