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Sold on 05/03/2013

1416 E Cinnabar Ave, Phoenix, AZ 85020

  • $1,169,000

    Last sold 05/03/2013 for $439K

  • 24

    bed

  • 12

    bath

Multi-family not for sale
80 homes bought nearby with Movoto recently

About 1416 E Cinnabar Ave

Property type Multi-family
Neighborhood
Year built 1959
HOA fee $0/month
Movoto estimate
Property description
This is an opportunity to purchase a single story, 12 unit apartment complex with all two bedroom units (6 units have a small second bedroom). Each unit is freshly rehabbed with new cabinets, counter tops and appliances. The a/c units were recently installed and are new/used with recent roof upgrades. There are not many buildings with almost a ''true'' 9% capitalization rate and over 12% return on cash. This will sell quickly in the current market.
Listed by
Listing Agent - Terry J Kass
Listing Office - GPCI AZ
Source: ARMLS mls logo
MLS#4864349 • last updated 7 years ago
Movoto checked ARMLS for data 10 minutes ago
Overview
Cooling/AC Electric
Heating Electric
MLS # 4864349
Type Multiple Dwellings
Status Closed
Property Tax 1543
Year Built 1959
Interior
Flooring Ceramic Tile
Appliances Free-Standing Range, Refrigerator
Exterior
Roof Other
Construction Painted, Block
Parking >1 Space Per Unit
# of Open Parking Spaces 24
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Location
Community Features No Pool
Elementary School District Paradise Valley Unified District
High School District Paradise Valley Unified District
APN 159-29-008-B
Zoning R-3
Directions NORTH ON 14TH STREET TO CINNABAR - EAST TO PROPERTY
Multifamily Details
Total # of Units 12
Expense: Operating 1543
Financial Data Source Other (See Remarks)
$1.16M
Range: $783K-$1.55M
Last 30 days 
  • Aug 2016
    mls logo MLS # 5447042
  • Aug 1, 2016 Sold
    $642,500 (-4.8%)
  • May 23, 2016 Listed
    $675,000 (+53.8%)
  • May 2013
    mls logo MLS # 4864349
  • May 3, 2013 Sold
    $439,000
  • Dec 18, 2012 Listed
    $449,000
  • May 2013
    Public Records
  • May 3, 2013 Sold
    $439,000 (-2.2%)
  • 1416 E Cinnabar Ave
    $439K
  • North Mountain
    $389K -6% y/y
  • 85020
    $399K -9% y/y
  • Phoenix
    $465K -2% y/y
No chart available
Statistics calculated by Movoto

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7/10
Sunnyslope High School
public Grades 9-12
Glendale Union High School District
Source: GreatSchools.org © 2026. All rights reserved.

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  • 1416 E Cinnabar Ave
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