1338 E CINNABAR Avenue, Phoenix, AZ 85020
$196,500
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$196,500
Last Modified:
7/28/2025
Description
Great income producing duplex on an oversized lot. Both tenants have a yard and outdoor storage. This remodeled Duplex features large units. This property generates total rents of $16,260. Expenses are $2,805 for the year and the net operating income is $13,455 per year. The duplex has always been tenanted and the seller has never had an issue getting the units rented.
More Information MLS# 5798924
Contract Info
Current Price: $196,500
Sold Price: $196,500
Status: Closed
List Date: 2018-07-27
Ownership: Fee Simple
Location Tax Legal
Map Code/Grid: M34
House Number: 1338
Compass: E
Street Name: CINNABAR
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85020
Zip4: 1844
County Code: Maricopa
Subdivision: MOUNTAIN HOME TR LOTS 1-4,15,16,25-32,34,36-40
Assessor Number: 159-30-023
Tax Year: 2017
General Property Description
Lot Size Dimensions: 60x150
Year Built: 1980
Uncvrd Parking Spcs: 2
Total # of Units: 2
# of Buildings: 1
Zoning: R-3
Elementary School District: Washington Elementary District
High School District: Glendale Union High School District
Remarks Misc
Cross Street: Cave Creek and Mountain View
Directions: North to Cinnabar, East to property on your left.
Geo Lat: 33.577002
Geo Lon: -112.052691
Status Change Info
Off Market Date: 2018-10-23
Under Contract Date: 2018-10-20
Close of Escrow Date: 2018-11-30
Sold Price: $196,500
Legal Info
Township: 3N
Range: 3E
Section: 28
Lot Number: 16
Income Expenses
Net Operating Income: 13455
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 677.5
Avg SqFt: 725
# Baths: 1
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Seller Assist - A
Buyer Concession $/%: $
Seller Concession to Buyer: 1
Seller Concession $/%: %
Property Features
Project Type: Duplex
Construction: Block; Wood Frame
Const - Finish: Painted; Stucco
Roofing: Composition
Floors: Concrete; Ceramic Tile
Sale Includes: Land & Building; Laundry Equipment
Community Features: No Pool; Other; See Remarks
Exterior Amenities: Partially Fenced; Patio/Balcony
Interior Amenities: Mini Blinds
Appliances Included: Refrigerator; Dishwasher; Washer/Dryer
Cooling: Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: Other (See Remarks)
Parking Features: >1 Space Per Unit
Owner Pays: Other; See Remarks
Tenant Pays: Other (See Remarks)
Source of Fincl Data: Owner
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear; Other (See Remarks)
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Conventional
Environmental: None
Listing Office: OZ Realty
Last Updated: July - 28 - 2025
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