1329 E Cinnabar Avenue, Phoenix, AZ 85020

$940,000
List Price
$940,000
Status
ACTIVE
Days on Market
36
MLS#
6718620
Subtype
Multiple Dwellings
Year Built
1960
Subdivision
Mountain Home Tract Lots 17 Thru 24 41 Thru 48

Property 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.

Additional Information

Taxes
$2,441
Zoning
R-3
Flooring
Vinyl, Wood
Heating
Individual, Electric
Air Conditioning
Individual, Electric
Exterior Construction
Painted, Frame - Wood
Parking Features
>1 Space Per Unit, Street Parking, Common
School District
Glendale Union High School District
Elementary School
Sunnyslope Elementary School
High School
Sunnyslope High School

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of West USA Realty.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved.