721 W CINNABAR Avenue Phoenix, AZ $ 600,000
721 W CINNABAR Avenue
$ 600,000
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721 W CINNABAR Avenue

Phoenix, AZ, 85021
$ 600,000
Baths0.0

Monthly Estimate*

$ 3,988

721 W CINNABAR Avenue, Phoenix, AZ 85021 - Image 1
Studio

Multi-Family Home for sale in Phoenix, AZ

for $600,000. This home was built in 1947.

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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Multi-Family Active

Price

$ 600,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 610

Style

Multiple Dwellings

Year Built

1947

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6847366

Features
General
Sewer Public Sewer
Heating Individual Heat Pump
Cooling Ceiling Fan(s) Electric Individual
Roof Composition
Zoning R-3
Construction Materials Wood Frame Painted Block
Year Built 1947
Electric APS Individual Meter
Township 3N
Tax Year 2024
Ownership Fee Simple Fee Simple
Gross Income 582.0
Community Features See Remarks No Pool
County Maricopa
Net Operating Income 42528.0
Operating Expense 10150.0
Insurance Expense 1250.0
Property Type Multiple Dwellings
Attached Garage N
Subdivision Name IRONWOOD PLACE
Garage Y/N N
Status Active
City Phoenix
Disclosures Other (See Remarks) Seller Prop Disc Stm APOD/Backup Avaible Sch of Personal Prop
High School District Glendale Union High School District
Open Parking Spaces 6.0
Number Of Units Total 3
Lot Size Square Feet 0.0
Carport Y/N N
Electric On Property Y/N N
Tax Annual Amount 610.0
Electric Expense 2000.0
Trash Expense 1000.0
Water Sewer Expense 1000.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Tenant
Tax Lot 18
New Financing: Conventional True
Senior Community N
New Financing: Cash True
Interior
Flooring Carpet Ceramic Tile Vinyl
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
Exterior
Parking Features RV Access/Parking Free Add'l Parking Avail >1 Space Per Unit Boat
Water Source Master Meter City Franchise
Total Parking 6.0
Lot Size Area 0.0
Number of Buildings 2
Spa N
Lot Dimensions irr
Lot Size Acres 0.0
Road Surface Type Asphalt Curb(s) & Gutter(s) Sidewalk(s)
Covered Spaces 0.0
Crops Included Y/N N
Open Parking Y/N N
Irrigation Water Rights Y/N N
Internal Only
Street Number 1 721
* Excluded Features
List By
Gerchick Real Estate

Broker

Linda@justsoldit.com

Email

Affordability Calculator

$4,039
Per Month
99%
1%
0%
Monthly Principal & Interest
$3,988
Monthly Property Taxes
$51
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4327134 Elementary School
4327258 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/7/2025$600,000 Listed Price

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721 W CINNABAR Avenue, Phoenix, AZ, 85021 is a Multi-Family Home for sale at $600,000. 721 W CINNABAR Avenue is a studio with 0.0 baths and was built in 1947. The property's zip code is 85021 which is in Phoenix, AZ