Address
732 W CINNABAR Avenue, Phoenix, AZ
Price
$ 815,000
Property Attributes
  • MLS#6633147
  • TypeMulti-Family
  • CountyMARICOPA
  • CityPhoenix
  • NeighborhoodIRONWOOD PLACE
  • Zip85021
  • StyleMultiple Dwellings
  • Year Built1960
  • Taxes$ 887
  • Price$ 815,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Data Source:
Arizona Regional MLS (ARMLSN)
Property Description

LOW Operational Maintenance cost.. Work has been done... Owner while fixing up location Choose to keep current rents low.. you can increase by going go to High CAP Rate for the 4 Units with new occupants grabbing a program rental..Great Complex! New tenant opportunities in 2024! Rare find current and future rents just make more money! You have the choice just under 5% cap or go over 8.5%... This is a clean, updated and fully functional complex. Tenant Rights.

Price History
11/21/2023 Listed $815,000

General Features

Sewer Public Sewer
Roof Composition
Zoning R-3
Construction Materials Painted,Stucco,Block
Year Built 1960
Electric APS
Tenant Pays Gas,Electricity,Cable TV
Township 3N
Tax Year 2023
Percent Ownership Fee Simple
Gross Income 88416.0
OwnerPays Trash Collection,Water,Sewer
Community Features No Pool
County Maricopa
Net Operating Income 75887.0
Operating Expense 13415.0
Property Type Multiple Dwellings
Attached Garage No
Subdivision Name IRONWOOD PLACE
Garage Y/N No
Status Active
Directions North on 7th Ave,Left on Cinnabar to property.
City Phoenix
Buyer Agent Compensation 2.00
Disclosures None
View Y/N No
High School District Glendale Union High School District
Open Parking Spaces 10.0
Total Units 4
Lot Size Square Feet 0.0
Carport Y/N No
Street Name CINNABAR
Tax Annual Amount 887.0
Lease Renewal Y/N No
Additional Parcels Y/N No
Lease Considered Y/N No
Rent Control Y/N No
Virtual Tour https://my.matterport.com/show/?m=x1kx3aRQa3f
Days on Market 91
Standard Status Active
Elementary School District Washington Elementary District
Tax Lot 14
Cap Rate 9.31
MobileHomeRemainsYN No
Buyer Agent Compensation Type %
New_sp_Financing_co_Conventional5 True
Ownership Fee Simple
Senior Community None
New Financing True

Interior Features

Flooring Ceramic Tile
Air Conditioning Y/N Yes
Heating Y/N Yes
Street Suffix Avenue
Electric On Property Y/N No

Exterior Features

Parking Features Free,Common
Water Source City Franchise
Total Parking 12.0
Lot Size Area 0.0
Number of Buildings 1
Spa No
Lot Dimensions 11,265 sqft
Lot Size Acres 0.0
Road Surface Type Gravel,Dirt,Asphalt
Covered Spaces 2.0
Crops Included Y/N No
Open Parking Y/N No
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 85021

Price
AVG $1.22M
$820K
Taxes
AVG $1,913
$887
Visits
AVG 217
58
Data Provided by Inside Real Estate®
Year Built
AVG 1979
1960