NOT LISTED FOR SALE

1452 E Cinnabar Ave Phoenix, AZ 85020

North Central Neighborhood
1 Bed
1 Bath
500 Sq Ft
0.96 Acres

Last Sold March 16, 2015

Last sale price $1,200,000 $2,400 Per Sq Ft

Highlights

  • Cooling Available
  • Individual Controls for Heating
  • 4-minute walk to Sunnyslope Rock Garden
  • Sunnyslope High School Rated A

About This Home

As of March 2015

Awesome opportunity! Rehabbed units that were well cared for and maintained. All units have A/C's. Single story
building is currently master metered. There are 2 coin operated washer and dryers for added income! This is a great
investment located near the North Mountains.

Last Agent to Sell the Property

Terry Kass

Coldwell Banker Commercial Realty License #BR503783000 Listed on: 03/04/2015

Coldwell Banker Commercial Realty

Last Buyer's Agent

L Head

Gerchick Real Estate License #SA557715000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,602

Year Built

  • Built in 1980

Lot Details

  • 0.96

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior
  • Stucco

Parking

  • 25 Open Parking Spaces
  • 43 Parking Spaces
  • 18 Covered Spaces
  • Assigned Parking

Utilities

  • Cooling Available
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 24
  • Assessor Parcel Number 159-29-015

Community Details

Overview

  • 2 Buildings
  • 25 Units
  • Building Dimensions are 150x280

Building Details

  • Operating Expense $63,102
  • Gross Income $147,143
  • Net Operating Income $80,176

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,602

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Cross Street: CAVE CREEK & DUNLAP
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Year Built: 1980
  • Tax Year: 2014
  • Directions: North on Cave Creek, right on Cinnabar, property on left.
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Professional Management Expense: 10000.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Block, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 18.0
  • Parking Features: Assigned
  • Attached Garage: No
  • Open Parking Spaces: 25.0
  • Total Parking Spaces: 43.0
  • General Property Description:Covered Parking Spcs: 18.0
  • General Property Description:Uncvrd Parking Spcs: 25.0
  • General Property Description:Total Parking Spcs: 43.0
  • Parking:Free: Yes
  • Parking:Street Parking: Yes
  • Parking:Paved Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Individual, Electric
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 18000.0

Lot Info

  • Lot Size: 150x280
  • Additional Parcels: No
  • Parcel #: 159-29-015

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 25
  • Electric Expense: 12000.0
  • Annual Gross Income: 147142.8
  • Insurance Expense: 5000.0
  • Maintenance Expense: 12000.0
  • Property Net Operating Income: 80176.0
  • Annual Operating Expense: 63101.51
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 2601.51
  • Tax Book Number: 159.00
  • Tax Lot: 24

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/16/2015 03/16/15 Sold $1,200,000 0.0% $2,400 / Sq Ft
03/04/2015 03/04/15 Pending -- -- --
03/04/2015 03/04/15 For Sale $1,200,000 0.0% $2,400 / Sq Ft
02/27/2015 02/27/15 Sold $1,200,000 0.0% $2,400 / Sq Ft View Prior Sale
01/22/2015 01/22/15 Pending -- -- --
01/13/2015 01/13/15 For Sale $1,200,000 +71.4% $2,400 / Sq Ft
07/31/2013 07/31/13 Sold $700,000 -17.6% $1,400 / Sq Ft View Prior Sale
07/16/2013 07/16/13 Pending -- -- --
03/29/2013 03/29/13 For Sale $850,000 +1.9% $1,700 / Sq Ft
01/02/2013 01/02/13 Sold $834,000 -3.5% $1,668 / Sq Ft View Prior Sale
12/02/2012 12/02/12 Pending -- -- --
05/28/2012 05/28/12 For Sale $864,000 -- $1,728 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Terry Kass

    Seller's Agent in 2015

    Terry Kass

    Coldwell Banker Commercial Realty

    (602) 330-2525

    23 Total Sales

    Terry Kass
    Section Image

  • L

    Buyer's Agent in 2015

    L Head

    Gerchick Real Estate

  • M

    Seller's Agent in 2013

    Marla Wicks

    Better Homes & Gardens Real Estate SJ Fowler

    Section Image

  • G

    Seller's Agent in 2013

    Ginna Cummings

    GKR Properties, LLC

  • M

    Seller Co-Listing Agent in 2013

    Michael Cummings

    HomeSmart

    (602) 626-7640

    7 Total Sales

    Michael Cummings
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5244931

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Phoenix 85020 North Central

1452 E Cinnabar Ave, Phoenix, AZ

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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