721 W CINNABAR Avenue, Phoenix, AZ 85021

$600,000
Property Type: Multiple Dwellings Status: Active
Current Price: $600,000 Last Modified: 5/10/2025

Description

Real Estate Marketing Description: Discover investment potential at 721 W Cinnabar, a promising triplex nestled in a vibrant neighborhood. This property boasts a laundry room and newer roofs, ensuring low maintenance costs for discerning investors. Adjacent is a six-unit property also available for sale, offering expanded portfolio opportunities. Currently occupied by Government Assisted Leases, this triplex guarantees consistent income, with payments reliably arriving on the first of every month. Situated on a spacious lot, there's ample room for potential development, presenting a lucrative opportunity for expansion or enhancement. Buyers are encouraged to verify all facts and figures independently to capitalize on this exceptional investment opportunity.

Supplements: Proximity:  Light Rail: The 85021 area is conveniently located near the Valley Metro Light Rail, providing easy access to public transportation throughout the Phoenix metropolitan area.  Interstate 17 (I-17): Close proximity to Interstate 17 facilitates quick access to downtown Phoenix and other parts of the valley. Employment Base:  The area around 85021 is supported by a diverse employment base, including sectors such as healthcare, education, technology, and service industries. Hiking and Outdoor Recreation:  Residents can enjoy outdoor activities with nearby access to hiking trails in scenic locations such as North Mountain Park and Shaw Butte. Entertainment and Dining:  The 85021 area offers a variety of entertainment options, including shopping centers, restaurants, and cultural venues, ensuring a vibrant local scene. Public Transportation:  Bus Routes: Several bus routes serve the 85021 area, enhancing connectivity for commuters and residents alike.

More Information MLS# 6847366

Contract Info

Current Price: $600,000 List Price: $600,000 Status: Active List Date: 2025-04-06 Ownership: Fee Simple

Location Tax Legal

House Number: 721 Compass: W Street Name: CINNABAR St Suffix: Avenue City/Town Code: Phoenix State/Province: AZ Zip Code: 85021 Zip4: 2508 Country: US County Code: Maricopa Subdivision: IRONWOOD PLACE Assessor Number: 158-29-049 Tax Year: 2024

General Property Description

Lot Size Dimensions: irr Year Built: 1947 Uncvrd Parking Spcs: 6 Total # of Units: 3 # of Buildings: 2 Zoning: R-3 Flood Zone: TBD High School District: Glendale Union High School District

Remarks Misc

Geo Lat: 33.576403 Geo Lon: -112.083505

Status Change Info

Status Change Date: 2025-04-06

Legal Info

Township: 3N Range: 3E Section: 30 Lot Number: 18

Income Expenses

Gross Annual Sch Inc: 53688 Net Operating Income: 42528

Showing Notification Methods

Showing Service: Aligned Showings

1 Bedroom Units

# 1 Bedroom Units: 3 Avg Rent: 1500 Avg SqFt: 450 # Baths: 1

Property Features

Project Type: Tri-Plex Construction: Block; Wood Frame Const - Finish: Painted Roofing: Composition Floors: Vinyl; Ceramic Tile; Carpet Sale Includes: Land & Building; Personal Property Community Features: No Pool; See Remarks Exterior Amenities: Desert Landscaping; RV/Boat Parking Interior Amenities: Unfurnished; Fire/Smoke Alarm(s) Appliances Included: Free-Standing Gas Oven; Refrigerator Heating: Individual; Heat Pump Cooling: Ceiling Fan(s); Electric; Individual Water Source: City Franchise; Master Meter Sewer: Sewer - Public Electric: APS; Individual Meter Gas: SW Gas; Individual Meter Parking Features: Boat; >1 Space Per Unit; Add'l Parking Avail; RV Access/Parking; Free Owner Pays: Water; Electric; Gas; Trash Collection; Landscaping Tenant Pays: Cable TV Source of Fincl Data: Owner; Books Shwn Accpt Ofr Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None New Financing: Cash; Conventional; No Carry Environmental: None
Listing Office: Gerchick Real Estate
Last Updated: May - 10 - 2025
721 W CINNABAR Avenue, Phoenix, AZ 85021- MLS# 6847366
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