Listing MLS# 6847850 Phoenix AZ Real Estate

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 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 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 remodeledNewer roof and recent capital improvementsExcellent income with room for growthPotential to purchase adjacent triplex for portfolio expansionDesirable 85021 location near parks, hiking, and transitQuiet, residential street with strong tenant appealThis 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.