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Michelle Quackenbush

azbrokeronline@gmail.com +1(602) 999-2627

$ 600,000

Est. payment -/mo

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721 W CINNABAR Avenue Phoenix, AZ 85021

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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Ironwood Place

MLS Listing ID 6847366

Maintenance Fees $750

Year Built 1947

Annual Tax Amount $610

Tax Year 2024

Lot Dimensions irr

Source Arizona Regional Multiple Listing Service (ARMLS)

Property 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. 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.

Location

State AZ

County Maricopa

Community Ironwood Place

Zoning R-3

Interior

Heating Individual, Heat Pump

Cooling Ceiling Fan(s), Electric, Individual

Flooring Carpet, Ceramic Tile, Vinyl

Appliance Refrigerator, Free-Standing Gas Oven

Exterior

Parking Features RV Access/Parking, Free, Add'l Parking Avail, >1 Space Per Unit, Boat

Community Features See Remarks, No Pool

Roof Type Composition

Total Parking Spaces 6

Building

Sewer Public Sewer

Water Master Meter, City Franchise

New Construction No

Schools

School District Glendale Union High School District

Others

Senior Community No

Tax ID 158-29-049

Acceptable Financing No Carry, Conventional

Listing Terms No Carry, Conventional

Listed by Gerchick Real Estate

Michelle Quackenbush

Agent

+1(602) 999-2627

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