715 W Cinnabar Ave - Apartments FOR SALE


Phoenix, AZ 85021- North Mountain
$1,200,000 USD
602-688-9279
715 W Cinnabar Ave, Phoenix, AZ for Sale
$1,200,000 USD
Apartments - FOR SALE
1/35
null | 7.1% Cap Rate

715 W Cinnabar Ave
Phoenix, AZ 85021
North Mountain


HIGHLIGHTS

  • 6 Units – Some Recently Renovated
  • Newer Roof & Major Improvements Completed
  • Add Scale with the Adjacent Triplex!
  • Close to Light Rail, I-17, Parks & Outdoor Recreation

OVERVIEW

Turnkey 6-Unit Investment Opportunity in North Central Phoenix – $1,200,000 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 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. ?? Contact us today to request a rent roll, financials, or to schedule a private tour. Proximity: ? Light Rail: The 85021 area is conveniently located near the Valley Metro Light Rail, providing easy access to public transportation throughout the Phoenix metropolitan area. ? Interstate 17 (I-17): Close proximity to Interstate 17 facilitates quick access to downtown Phoenix and other parts of the valley. Employment Base: ? The area around 85021 is supported by a diverse employment base, including sectors such as healthcare, education, technology, and service industries. Hiking and Outdoor Recreation: ? Residents can enjoy outdoor activities with nearby access to hiking trails in scenic locations such as North Mountain Park and Shaw Butte. Entertainment and Dining: ? The 85021 area offers a variety of entertainment options, including shopping centers, restaurants, and cultural venues, ensuring a vibrant local scene. Public Transportation: ? Bus Routes: Several bus routes serve the 85021 area, enhancing connectivity for commuters and residents alike.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$263 USD /SF

# OF UNITS

6

PRICE/UNIT

$200,000

CAP RATE

7.1%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Buy this and the Triplex next door-Land Play

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1947

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,056 SF

ZONING

R-3, Phoenix

APN/PARCEL ID

158-29-049,158-29-050

ASK ABOUT THIS PROPERTY

Linda GerchickGerchick Real EstateMore Info
602-688-9279

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Linda GerchickGerchick Real EstateMore Info
602-688-9279

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.