721 W Cinnabar Ave - Apartments FOR SALE


Phoenix, AZ 85021- North Mountain
$600,000 USD
602-688-9279
721 W Cinnabar Ave, Phoenix, AZ for Sale
$600,000 USD
Apartments - FOR SALE
1/25
null | 7.09% Cap Rate

721 W Cinnabar Ave
Phoenix, AZ 85021
North Mountain


HIGHLIGHTS

  • - ? Triplex with reliable rental income from Government Assisted Leases
  • - ? Payments made on the 1st of every month for consistent cash flow
  • - ? Laundry room on-site for tenant convenience
  • - ? Newer roofs ensure low maintenance costs
  • - ? Adjacent six-unit property also available for sale—expand your investment portfolio
  • - ? Large lot with potential for future development opportunities

OVERVIEW

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. Don't miss out—schedule your showing today and seize the potential of 721 W Cinnabar! ? 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 DETAILS

PRICE

$600,000 USD

PRICE/SF

$387 USD /SF

# OF UNITS

3

PRICE/UNIT

$200,000

CAP RATE

7.09%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Triplex 100% Occupied 7.09% $600.00

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1947

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,337 SF

ZONING

R-3

APN/PARCEL ID

158-29-049

ASK ABOUT THIS PROPERTY

Linda GerchickGerchick Real EstateMore Info
602-688-9279

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Linda GerchickGerchick Real EstateMore Info
602-688-9279

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.