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1452 E Cinnabar Ave
Phoenix, AZ 85020
Aspire at the Preserve · Multifamily Property For Sale
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19 Units
Investment Highlights
- Phoenix North Mountain Location
- Significant Value-Add Opportunity Through the Continuation of the Interior Renovation Program
- Low Maintenance Asset Providing Ease of Management to an Out-of-State Investor
- 1980 Construction
- 19 Units are Renovated with Market-Level Finishes with Average Rent Premiums of ±$230
- Excellent Access to Employment Corridors via the State Route 51 Freeway
Property Facts
| No. Units | 19 | Lot Size | 0.96 AC |
| Property Type | Multifamily | Building Size | 18,350 SF |
| Property Subtype | Apartment | Average Occupancy | 93% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built/Renovated | 1980/2023 |
| Zoning | R-3 | ||
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.96 AC |
| Building Size | 18,350 SF |
| Average Occupancy | 93% |
| No. Stories | 2 |
| Year Built/Renovated | 1980/2023 |
| Zoning | R-3 |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Heating
- Kitchen
- Stainless Steel Appliances
- Tub/Shower
Site Amenities
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | - |
| 1+1 | 13 | - | 650 |
| 2+1 | 1 | - | 800 |
| 2+2 | 2 | - | 850 |
| 3+2 | 1 | - | 1,200 |
Property Taxes
| Parcel Number | 159-29-015 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $75,650 |
Property Taxes
Parcel Number
159-29-015
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$75,650
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