715 W Cinnabar Avenue, Phoenix, AZ 85021
Local realty services provided by:Better Homes and Gardens Real Estate S.J. Fowler
Listed by:linda s gerchick
Office:gerchick real estate
MLS#:6847850
Source:ARMLS
Price summary
- Price:$1,100,000
About this home
Unlock the potential of this well-maintained 6-unit apartment building ideally located at 715 W Cinnabar Ave, Phoenix, AZ 85021. Priced at $1,100,000, 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.
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Home facts
- Year built:1960
- Listing ID #:6847850
- Updated:September 12, 2025 at 03:00 PM
Heating and cooling
- Cooling:Ceiling Fan(s), Heat Pump, Individual Cooling
- Heating:Heat Pump, Individual Heating
Structure and exterior
- Year built:1960
Utilities
- Water:City Franchise, Master Meter
Finances and disclosures
- Price:$1,100,000
- Tax amount:$1,330 (2024)
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