715 W CINNABAR Avenue Phoenix, AZ 85021
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Ironwood Place
MLS Listing ID 6847850
Maintenance Fees $1,500
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1960
Annual Tax Amount $1,330
Tax Year 2024
Lot Dimensions irr
Property Description
Several units have been tastefully remodeled, and the property benefits from a newer roof along with other major capital improvements, minimizing deferred maintenance and ensuring peace of mind for the next owner. The unit mix provides strong rental appeal, with stable tenants and room for future rent increases.
Located less than one block from a beautiful neighborhood park and surrounded by hiking tra Unlock the potential of this well-maintained 6-unit apartment building ideally located at 715 W Cinnabar Ave, Phoenix, AZ 85021. Priced at $1,200,000, this high-performing asset is a rare find in a sought-after North Central neighborhoodoffering excellent income, long-term upside, and the unique option to purchase the triplex next door for added scale and flexibility.
Several units have been tastefully remodeled, and the property benefits from a newer roof along with other major capital improvements, minimizing deferred maintenance and ensuring peace of mind for the next owner. The unit mix provides strong rental appeal, with stable tenants and room for future rent increases.
Located less than one block from a beautiful neighborhood park and surrounded by hiking trails and outdoor recreation, this location appeals to renters seeking a blend of urban convenience and natural amenities. Proximity to employment centers, I-17, and the Light Rail corridor enhances its investment profile.
Property Highlights:
6 units in total - partially remodeled
Newer roof and recent capital improvements
Excellent income with room for growth
Potential to purchase adjacent triplex for portfolio expansion
Desirable 85021 location near parks, hiking, and transit
Quiet, residential street with strong tenant appeal
This is a rare opportunity to acquire a stabilized, upgraded multifamily asset in one of Phoenix's most dynamic rental corridors. Perfect for 1031 exchange buyers, new investors looking for turnkey returns, or seasoned pros wanting to add quality units to their portfolio.
Location
State AZ
County Maricopa
Community Ironwood Place
Zoning R-3
Interior
Heating Individual, Heat Pump
Cooling Ceiling Fan(s), Heat Pump, Individual
Flooring Ceramic Tile, Vinyl
Appliance Disposal, Dishwasher, Refrigerator, Free-Standing Gas Oven, Microwave
Exterior
Parking Features Free, RV/Access Parking, >1 Space Per Unit
Community Features See Remarks, No Pool
Roof Type Composition
Total Parking Spaces 12
Building
Sewer Public Sewer
Water Master Meter, City Franchise
New Construction No
Schools
School District Glendale Union High School District
Others
Senior Community No
Tax ID 158-29-050
Acceptable Financing No Carry, Conventional
Listing Terms No Carry, Conventional
Virtual Tour https://tours.arizonarealtours.com/2317546?idx=1
Copyright 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved.