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.
For sale
$600,000
721 W Cinnabar Ave, Phoenix, AZ 85021
3beds
3baths
1,350sqft
Est.:
Multi Family
Built in 1947
-- sqft lot
$-- Zestimate®
$444/sqft
$-- HOA
What's special
- 85 days
- on Zillow |
- 133 |
- 7 |
Zillow last checked: 7 hours ago
Listing updated: May 12, 2025 at 11:15am
Listed by:
Linda S Gerchick 602-688-9279,
Gerchick Real Estate
Source: ARMLS,MLS#: 6847366

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
Heating
- Individual, Heat Pump
Cooling
- Ceiling Fan(s), Electric, Individual
Appliances
- Included: Refrigerator, Free-Standing Gas Oven
Features
- Flooring: Carpet, Ceramic Tile, Vinyl
Interior area
- Total structure area: 1,350
- Total interior livable area: 1,350 sqft
Property
Parking
- Total spaces: 6
- Parking features: Free, Add'l Parking Avail, >1 Space Per Unit, Boat
- Uncovered spaces: 6
Details
- Parcel number: 15829049
- Zoning: R-3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Frame, Painted, Block
- Roof: Composition
Condition
- Year built: 1947
Utilities & green energy
- Electric: APS, Individual Meter
- Sewer: Public Sewer
- Water: Master Meter, City Franchise
Community & HOA
Community
- Features: See Remarks, No Pool
- Subdivision: IRONWOOD PLACE
Location
- Region: Phoenix
Financial & listing details
- Price per square foot: $444/sqft
- Tax assessed value: $336,700
- Annual tax amount: $610
- Date on market: 4/6/2025
- Listing terms: No Carry,Conventional
- Ownership: Fee Simple
- Electric utility on property: Yes
- Road surface type: Asphalt
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