$940,000 Price Analysis    ♡   Phoenix, AZ 85020 Unknown bed 0 bath unknown SqFt ($0/SqFt) 0.6 acre lot. Built 1960 Listed 2024-06-13, Taxes $2,361 | Ⓧ USDA Ineligible due to price & location near Phoenix |
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 employrs, shopping and dining, this property has significant upside potential. With continued property management, 1329 E Cinnabar Ave can become a standout addition to y our real estate portfolio.
Presented by Jeffery Pedersen at
West USA Realty- Scottsdale.
Property MLS #6718620 from ArizonaRegionalMLS
W/D Hookup
Heating Features: Individual, Electric
Heating: Yes
Lot Size Dimensions: 156.98' by 166.10'
Lot Size Square Feet: 26074
Calculated Total Monthly Association Fees: 0
High School: Sunnyslope High School
School District: Glendale Union High School District
Map directions Map directions Map directionsSource Listing Status: Active
County: Maricopa
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.
Tax Year: 2023
Source Property Type: Multiple Dwellings
Source Neighborhood: MOUNTAIN HOME TRACT LOTS 17 THRU 24 41 THRU 48
Owner Pays: Electricity, Landscaping
Parcel Number: 159-30-042-C
Postal Code Plus 4: 1834
Subdivision: MOUNTAIN HOME TRACT LOTS 17 THRU 24 41 THRU 48
Zoning: R-3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $22,200 + $5,550 $27,750 | $2,361 |
| 2020 | $19,580 + $4,890 $24,470 | $2,332 |
| 2019 | $16,860 + $4,210 $21,070 | $2,289 |
$940,000
ArizonaRegionalMLS
Listing removed 2022-12-23
$0
Zumper
Listed for rent 2022-11-22
$1,377
Zumper
Listing removed 2022-11-16
$0
Zumper
Listed for rent 2022-11-08
$1,377
Zumper
Listing removed 2022-10-25
$0
Zumper
Listed for rent 2022-10-19
$1,377
Zumper
Listing removed 2022-10-14
$0
Zumper
Listed for rent 2022-10-09
$1,377
Zumper
Listing removed 2022-10-05
$0
Zumper
Listed for rent 2022-09-29
$1,377
Zumper
Listing removed 2022-04-21
$0
TurboTenant
Listed for rent 2022-04-18
$1,450
TurboTenant
Listing removed 2022-04-15
$0
TurboTenant
Listed for rent 2022-03-16
$1,450
TurboTenant
Sold 2015-02-25
$195,000
Public Record
Sold 2012-01-26
$151,000
Public Record
Listing removed 2011-05-05
$179,000
ArizonaRegionalMLS
Price Changed 2011-02-22
$179,000
ArizonaRegionalMLS
Price Changed 2010-12-23
$199,000
ArizonaRegionalMLS
Listed 2010-11-11
$212,000
ArizonaRegionalMLS
Sold 2004-07-30
$330,000
Public Record
Sold 2001-08-31
$120,000
Public Record
Building Exterior Type: Painted, Frame - Wood
Construction Materials: Painted, Frame - Wood
Property Age: 64
Roof: Composition
Water Source: Individual Meter
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.