Phoenix, AZ 85021 721 W CINNABAR Avenue

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Presented By:
  • MLS# 6847366
  • 04/06/2025
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Home Details

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. 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.
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Interior Features for 721 W CINNABAR Avenue

Bathrooms

Total Baths

Other Interior Features

Air Conditioning Y/NYes
FlooringCarpet, Ceramic Tile, Vinyl
Heating Y/NYes

General for 721 W CINNABAR Avenue

Additional Parcels Y/NNo
Attached Garage No
Carport Y/NNo
CityPhoenix
Community FeaturesSee Remarks, No Pool
Construction MaterialsWood Frame, Painted, Block
CoolingCeiling Fan(s), Electric, Individual
CountyMaricopa
DisclosuresOther (See Remarks), Seller Prop Disc Stm, APOD/Backup Avaible, Sch of Personal Prop
ElectricAPS, Individual Meter
Electric Expense2000.0
Electric On Property Y/NNo
Garage Y/NNo
Gross Income582.0
HeatingIndividual, Heat Pump
High School DistrictGlendale Union High School District
Insurance Expense1250.0
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet0.0
MaintenanceExpense750.0
MobileHomeRemainsYNNo
Net Operating Income42528.0
New Financing: CashTrue
New Financing: ConventionalTrue
Number Of Units Total3
Occupancy TypeTenant
Open Parking Spaces6.0
Operating Expense10150.0
OwnerPaysGas, Electricity, Trash Collection, Water, Sewer, Landscaping
OwnershipFee Simple
OwnershipFee Simple
Property TypeMultiple Dwellings
Rent Control Y/NNo
RoofComposition
Senior CommunityN
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameIRONWOOD PLACE
Tax Annual Amount610.0
Tax Lot18
Tax Year2024
Township3N
Trash Expense1000.0
Water Sewer Expense1000.0
Year Built1947
ZoningR-3

Exterior for 721 W CINNABAR Avenue

Covered Spaces0.0
Crops Included Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensionsirr
Lot Size Acres0.0
Lot Size Area0.0
Number of Buildings2
Open Parking Y/NNo
Parking FeaturesFree, RV/Access Parking, Add'l Parking Avail, >1 Space Per Unit, Boat
Road Surface TypeAsphalt, Curb(s) & Gutter(s), Sidewalk(s)
SpaNo
Total Parking6.0
Water SourceMaster Meter, City Franchise

Additional Details

Price History

Tyler Ford

Agent
Price $600,000
MLS#6847366
List Date 04/06/2025
Property Type Multi-Family
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