715-721 W Cinnabar Avenue Phoenix, AZ 85021
Listing Courtesy of: Arizona Regional MLS / Gerchick Real Estate

  715-721 W Cinnabar Avenue Phoenix, AZ 85021

Active (25 Days)

Description

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.

MLS #:
6846493
Taxes
$1,940
Type
Multifamily
Year Built
1960
County
Maricopa County

Listed By

Linda S Gerchick, Gerchick Real Estate
Source
Arizona Regional MLS
Last checked Apr 28 2025 at 5:25 PM MST
Bathroom Details
Heating and Cooling
  • Other
  • See Remarks
  • Heat Pump
  • 2 or More Units
  • Window/Wall Unit
  • Individual
Flooring
  • Carpet
  • Vinyl
  • Concrete
Exterior Features
  • Painted
  • Stucco
  • Block
  • Roof: Composition
Utility Information
  • Sewer: Public Sewer
School Information
  • High School: Sunnyslope High School
Parking
  • Add'L Parking Avail
  • 1 Space/Unit
  • On Street
Location
   
Calculate drive times to this property
 
Powered by INRIX® Drive Time

Powered by Walk Score®

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
%
Interest rate
%
Mortgage calculator estimates are provided by Better Homes and Gardens Real Estate LLC and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Listing Data Copyright 2025 Arizona Regional Multiple Listing Service, Inc. All Rights reserved
Information Deemed Reliable but not Guaranteed.
ARMLS Last Updated: 4/28/25 10:25.