740 W CINNABAR Avenue, Phoenix, AZ 85021 (MLS# 6987999)

740 W CINNABAR Avenue, Phoenix, AZ 85021

$305,000

Property Type: Multiple Dwellings Status: Active

Current Price: $305,000 Last Modified: 7/25/2026

Overview

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!

Supplements: Close to schools, restaurants, shops, and the I-17, this location makes daily life a breeze.

Listing Details MLS# 6987999

Location, Tax & Legal

House Number: 740
Compass: W
Street Name: CINNABAR
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85021
Zip4: 2599
Country: US
County Code: Maricopa
Subdivision: IRONWOOD PLACE
Assessor Number: 158-29-034
Tax Year: 2025
Assessor's Map #: 29
Legal Description (Abbrev): IRONWOOD PL LOT 13 E 75' OF S 142'
Assessor's Parcel #: 34
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 104502
Taxes: 872
Legal: IRONWOOD PL LOT 13 E 75' OF S 142'
Marketing Name: duplex

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 74x143
Year Built: 1954
Total # of Units: 2
# of Buildings: Yes
Zoning: R-3
Elementary School District: Washington Elementary School District
High School District: Glendale Union High School District
Elementary School: Mountain View Elementary School
Jr. High School: Royal Palm Middle School
High School: Sunnyslope High School
Uncvrd Parking Spcs: 0

Remarks Misc

Cross Street: W Peoria Ave & N 7th Ave
Directions: From I-17 N take exit 208 toward Peoria Ave, Merge onto N Black Cyn Hwy, Head East onto W Peoria Ave, Turn right onto N 9th Ave, Turn left onto W Cinnabar Ave. Property will be on the left.

Legal Info

Township: 3N
Range: 3E
Section: 30
Lot Number: 13

Income Expenses

Gross Annual Sch Inc: 19200
Net Operating Income: 13440

More Information

Showing Notification Methods

Showing Service: No Showing Service Used

2 Bedroom Units

# 2 Bedroom Units: 2
Avg Rent: 900
Avg SqFt: 800
# Baths: Yes

Project Type

Duplex: Yes

Construction

Wood Frame: Yes

Const - Finish

Painted: Yes
Stucco: Yes

Roofing

Composition: Yes

Floors

Ceramic Tile: Yes
Carpet: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 872
Other Income: 0
Vacancy Allowance: 0.03
Adjusted Gross Inc: 18624

Pmt & Rate Info

Cap Rate: 4.01
Equity: 335000
Down Payment %: 30
Monthly Payments: 0
Total Owed: 0

Lockbox Type

None: Yes

Community Features

No Pool: Yes

Heating

Electric: Yes

Cooling

Central Air: Yes

Exterior Amenities

Fenced: Yes

Tenant Pays

Gas: Yes
Electricity: Yes
Cable TV: Yes

Appliances Included

Refrigerator: Yes
Free-Standing Range: Yes

Road Access Type

City Street: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes
Projected Proforma: Yes

Road Responsibility

City Maintained Road: Yes

Water Source

City Franchise: Yes
Master Meter: Yes

Sewer

Sewer - Public: Yes

Parking Features

Free: Yes
<1 Space Per Unit: Yes

Electric

SRP: Yes

Gas

SW Gas: Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes

New Financing

Cash: Yes
Conventional: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Existing 1st Loan Type

Not Applicable: Yes

Existing 1st Loan Terms

Not Applicable: Yes

Existing 2nd Loan

Treat as Free&Clear: Yes

Existing 2nd Loan Type

Not Applicable: Yes

Existing 2nd Loan Terms

Not Applicable: Yes

Existing 3rd Loan

Treat as Free&Clear: Yes

Existing 3rd Loan Type

Not Applicable: Yes

Reports/Disclosures

None: Yes

Existing 3rd Loan Terms

Not Applicable: Yes

Environmental

None: Yes

Existing Othr Ln Trm

Not Applicable: Yes

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: Duplex Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Composition Floors: Ceramic Tile; Carpet Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Fenced Appliances Included: Free-Standing Range; Refrigerator Cooling: Central Air Water Source: City Franchise; Master Meter Sewer: Sewer - Public Electric: SRP Gas: SW Gas Parking Features: <1 Space Per Unit; Free Road Access Type: City Street Road Surface Type: Asphalt Road Responsibility: City Maintained Road Owner Pays: Water; Trash Collection Tenant Pays: Electricity; Gas; Cable TV Source of Fincl Data: Owner; Projected Proforma Lockbox Type: None Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Cash; Conventional Environmental: None

Listing Office: Rosenbaum Realty Group

Last Updated: July - 25 - 2026