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… Read More 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. Read Less
Courtesy of Gerchick Real Estate 602-688-9279
Listing Snapshot
Days Online
10
Last Updated
Property Type
Multiple Dwellings
Year Built
1947
MLS Number
6847366
30 Days Snapshot Of 85021
$918k
+39%
(avg) sold price
25
-7%
homes sold
79
-7%
(avg) days on market
Snapshot
Area Map
Additional Details
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"
Parking
"Free", "RV/Access Parking", "Add'l Parking Avail", ">1 Space Per Unit", "Boat", 6 total parkings
Property
Zoning: R-3
Roof
"Composition"
Sewer
"Public Sewer"
Taxes
Annual amount: $610, Lot: 18
Utilities
"APS", "Individual Meter"
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