740 W Cinnabar Avenue, Phoenix, AZ 85021
- $305,000
- 4
- BD
- 2
- BA
- List Price
- $305,000
- Status
- ACTIVE
- Price Change
- ▼ $30,000 1784962279
- Days on Market
- 186
- MLS#
- 6987999
- City
- Phoenix
- Bedrooms
- 4
- Bathrooms
- 2
- Year Built
- 1954
Property Description
Unlock the potential of this versatile duplex, perfectly suited for investors, house hackers, or multi-generational living! Nestled on a generous 10,000+ sqft lot with mountain views & next to Mountain View Park, this property offers opportunity & convenience. Both units are currently occupied, generating a rent roll of $900 per unit. While the dwelling needs some TLC, it boasts spacious front and private backyards, ideal for outdoor fun or future upgrades. Each unit features a porch, a living/dining room, tile flooring, a kitchen with breakfast nook, two bedrooms, and a full bath. This is your chance to build equity, customize to your vision, and maximize value in a well-established area! Appraised for $345K last year! Close to schools, restaurants, shops, and the I-17, this location makes daily life a breeze.
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Additional Information
- Taxes
- $872
- Net Operating Income
- $13,440
- Cap Rate
- 4.01
- Units
- 2
- Flooring
- Ceramic Tile
- Parking Features
- Open, <1 Space Per Unit
- Construction
- Wood Frame, Painted, Stucco
- Roofing
- Composition
- Cooling
- Central Air
- Heating
- Electric
- Zoning
- R-3
- Subdivision
- Ironwood Place
- Community Features
- No Pool
- Electric
- SRP
- Water
- Master Meter, City Franchise
- Tenant Pays
- Electricity, Gas, Cable TV
- New Financing
- Conventional, Cash
- Elementary School
- Mountain View Elementary School
- Middle School
- Royal Palm Middle School
- High School
- Sunnyslope High School
Mortgage Calculator
Listing courtesy of Rosenbaum Realty Group.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.