Contacts
Jeffery Pedersen
Pedersen Commercial RE
Property Details
- Property Type Multi-Family
- Property Size 2,943 SF
- Units 5
- Lot Size 0.6 Acre
- Cap Rate % 7.08
- Rental Income / YR 92400
- NOI / YR 66528
- Taxes / YR 2442
- Zoning R-3
- Additional Rent Contact for pricing
- # of Floors 1
- Parking Spaces Avail. 6
- Parking Ratio 2.04 / 1,000 SF
- Property Tenancy Multi-Tenant
- Building Class C
- Year Built 1960
- Date Updated Jun 17, 2024
- Construction Type Wood Frame
This multifamily community on Cinnabar Ave is a unique investment opportunity featuring five multifamily apartment units. This property is ideal for those looking to maximize rental income potential in a growing area metro. While the units have been remodeled and well maintained, the homes offer a fantastic blank canvas for value-added improvements.
Each unit boasts individual metering and electricity provided by on site solar panels. Located in a convenient neighborhood close to large employers, shopping, and dining, this property has significant upside potential. With continued property management, 1329 E Cinnabar Ave can become a standout addition to your real estate portfolio.
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Highlights
- Private Driveway, Individual metering, backyards, renovated units, and appliances included
Getting around
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Location
- City Phoenix, AZ
- Neighborhood North Mountain Village
- Zip Code 85020
- Market Phoenix
Points of Interest
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19th Ave/ Dunlap
2.82 miles
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Northern/ 19th Ave
3.15 miles
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Glendale/ 19th Ave
3.78 miles
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19th Ave/ Montebello
4.68 miles
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Central Ave/ Camelback
4.83 miles
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7th Ave/ Camelback
4.93 miles
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Campbell/ Central Ave
5.30 miles
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19th Ave/ Camelback
5.30 miles
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Indian School/ Central Ave
5.68 miles
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Osborn/ Central Ave
6.29 miles
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Shell
0.62 miles
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Union 76
1.32 miles
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QuikTrip
1.37 miles
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Arco
1.61 miles
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QuikTrip
1.63 miles
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Circle K
1.72 miles
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QuikTrip
1.74 miles
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Shell
2.25 miles
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Chevron
2.61 miles
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Circle K
2.68 miles
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Sunnyslope Post Office Parking
0.68 miles
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Church Catholic Lot
1.21 miles
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Sunnyslope High School
1.41 miles
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Myrtle Tunnel Trail Head
2.46 miles
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Student Parking Lot
3.53 miles
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Faculty Parking Lot
3.53 miles
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19th Ave and Montebello Park and Ride
4.75 miles
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Light Rail Park-n-Ride
4.89 miles
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Lot E
5.30 miles
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Metro Rail Park'n'Ride
5.33 miles
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Pointe Hilton Tapatio Cliffs Resort
1.46 miles
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Best Western Inns and Suites
1.54 miles
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Hilton Phoenix Resort at the Peak
1.98 miles
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Homewood Suites by Hilton Phoenix-Metro Center
3.63 miles
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Sheraton Crescent Hotel
3.64 miles
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Comfort Suites
3.64 miles
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Quality Inn Phoenix North I-17
3.67 miles
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Hyatt Place Phoenix-North
3.68 miles
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Residence Inn
3.73 miles
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Premiere Inns
3.76 miles
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Fry's Food and Drug
0.52 miles
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Desert Mission Food Bank
0.95 miles
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Walmart Neighborhood Market
1.28 miles
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Yasha From Russia
2.31 miles
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Bashas'
2.44 miles
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Safeway
2.59 miles
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Sprouts Farmers Market
2.68 miles
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El Rancho Market
2.69 miles
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Imperial Market and Deli
2.70 miles
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American Freight
2.71 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
Contact Listing Broker
Jeffery Pedersen
Pedersen Commercial RE