715 W CINNABAR Avenue

Phoenix, AZ 85021

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 neighborhood—offering 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 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.

Listing courtesy of Gerchick Real Estate.



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Last checked: 2025-05-06 08:24 PM UTC