$500,000
Units: 3
153 Days On Market

Courtesy of Gerchick Real Estate

Property Type: Multiple Dwellings
Status: Active
Year Built: 1947
Neighborhood: Ironwood Place
Days On Website: 153

Property Details for 721 W Cinnabar Avenue, Phoenix, AZ 85021

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. Strong possibility to build more units. 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. Don't miss out 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.

Appliances & Equipment

  • "Refrigerator"
  • "Free-Standing Gas Oven"

Building

  • Built in 1947
  • Construction materials: "Wood Frame", "Painted", "Block"
  • 3 total units

Cooling

  • "Ceiling Fan(s)"
  • "Electric"
  • "Individual"

Expenses

  • Electric: $2,000
  • Insurance: $1,250
  • Maintenance: $750
  • Water sewer: $1,000

Floors

  • "Carpet"
  • "Ceramic Tile"
  • "Vinyl"

Heating

  • "Individual"
  • "Heat Pump"

Listing

  • Listing ID: 6847366
  • Standard status: Active
  • 154 days on market

Location

  • Subdivision name: IRONWOOD PLACE

Parking

  • "RV Access/Parking"
  • "Free"
  • "Add'l Parking Avail"
  • ">1 Space Per Unit"
  • "Boat"
  • 6 total parkings

Property

  • Zoning: R-3

Roof

  • "Composition"

Schools

  • High school district: Glendale Union High School District

Sewer

  • "Public Sewer"

Taxes

  • Annual amount: $610
  • Lot: 18

Utilities

  • "APS"
  • "Individual Meter"

Map View


$500,000 - 721 W Cinnabar Avenue, Phoenix, AZ 85021

Street View


Directions


721 W Cinnabar Avenue
Phoenix, AZ 85021
Subdivision name: IRONWOOD PLACE

This content last updated on September 7, 2025 12:11PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.