Discover a prime investment opportunity in the heart of 85021, where convenience meets potential. This maintained portfolio spans three buildings across two parcels, offering a total of 9 units ideal for savvy investors.
Each property boasts newer roofs, ensuring long-term value and minimal maintenance costs. Several units have been tastefully renovated, appealing to tenants seeking modern comforts. Currently, leases are predominantly government assisted, providing stable and predictable rental income.
Location Highlights:
Situated just moments from the light rail, commuting and accessibility are effortless, enhancing tenant appeal and reducing vacancy rates. The nearby park, less than a block away, offers a serene retreat and adds to the neighborhood's charm and desirability Discover a prime investment opportunity in the heart of 85021, where convenience meets potential. This maintained portfolio spans three buildings across two parcels, offering a total of 9 units ideal for savvy investors.
Each property boasts newer roofs, ensuring long-term value and minimal maintenance costs. Several units have been tastefully renovated, appealing to tenants seeking modern comforts. Currently, leases are predominantly government assisted, providing stable and predictable rental income.
Location Highlights:
Situated just moments from the light rail, commuting and accessibility are effortless, enhancing tenant appeal and reducing vacancy rates. The nearby park, less than a block away, offers a serene retreat and adds to the neighborhood's charm and desirability.
Investment Opportunity:
With a strategic location in 85021, known for its vibrant community and proximity to essential amenities, these properties promise both immediate returns and long-term appreciation. Whether you're expanding your portfolio or entering the lucrative real estate market, this offering is not to be missed.
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.
Discover a prime investment opportunity in the heart of 85021. This well-maintained portfolio spans three buildings across two parcels, offering a total of 9 units ideal for savvy investors.
Property Highlights:
Newer roofs, ensuring long-term value and minimal maintenance costs
Several renovated units offering modern comforts for tenants
Leases are predominantly government-assisted, providing stable income
Prime location, just moments from the light rail for easy accessibility
Less than one block from a local park, enhancing tenant appeal and neighborhood charm
Explore the potential of these income-generating properties in a sought-after locale.
For sale
$1,800,000
715-721 W Cinnabar Ave, Phoenix, AZ 85021
9beds
9baths
5,400sqft
Est.:
Multi Family
Built in 1960
-- sqft lot
$-- Zestimate®
$333/sqft
$-- HOA
What's special
Renovated unitsNewer roofs
- 87 days
- on Zillow |
- 78 |
- 2 |
Zillow last checked: 7 hours ago
Listing updated: May 12, 2025 at 11:14am
Listed by:
Linda S Gerchick 602-688-9279,
Gerchick Real Estate
Source: ARMLS,MLS#: 6846493

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 9
Heating
- Other, See Remarks, Heat Pump, 2 or More Units
Cooling
- Wall/Window Unit(s), Individual, 2 or More Units
Appliances
- Included: Free-Standing Range
Features
- Flooring: Carpet, Vinyl, Concrete
Interior area
- Total structure area: 5,400
- Total interior livable area: 5,400 sqft
Video & virtual tour
Property
Parking
- Total spaces: 14
- Parking features: Add'l Parking Avail, 1 Space/Unit, On Street
- Uncovered spaces: 14
Lot
- Size: 0.28 Acres
- Dimensions: 61' x 199'
Details
- Parcel number: 15829050
- Zoning: R-3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Painted, Stucco, Block
- Roof: Composition
Condition
- Year built: 1960
Utilities & green energy
- Electric: APS
- Sewer: Public Sewer
- Water: City Franchise
Community & HOA
Community
- Features: No Pool
- Subdivision: Ironwood Place
Location
- Region: Phoenix
Financial & listing details
- Price per square foot: $333/sqft
- Annual tax amount: $1,940
- Date on market: 4/4/2025
- Listing terms: Other (See Remarks)
- Ownership: Fee Simple
- Electric utility on property: Yes
- Road surface type: Asphalt
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