715 W Cinnabar Ave Phoenix, AZ 85021
North Mountain Village NeighborhoodEstimated payment $10,209/month
Highlights
- Multiple cooling system units
- Concrete Flooring
- 3-minute walk to Mountain View Park
- Sunnyslope High School Rated A
- Multiple Heating Units
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,940
Year Built
- Built in 1960
Lot Details
- Additional Parcels
Home Design
- Composition Roof
- Block Exterior
- Stucco
Flooring
- Carpet
- Concrete
- Vinyl
Parking
- 14 Open Parking Spaces
- 14 Parking Spaces
Schools
- Sunnyslope High School
Utilities
- Multiple cooling system units
- Cooling System Mounted To A Wall/Window
- Multiple Heating Units
- Heat Pump System
Listing and Financial Details
- Tax Lot 18
- Assessor Parcel Number 158-29-050
Community Details
Overview
- 3 Buildings
- 9 Units
- Building Dimensions are 61' x 199'
- Ironwood Place Subdivision
Building Details
- Operating Expense $36,145
- Gross Income $157,524
- Net Operating Income $121,398
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/07/2025 04/07/25 | For Sale | $1,200,000 | -33.3% | -- |
| 04/04/2025 04/04/25 | For Sale | $1,800,000 | +791.1% | -- |
| 08/22/2014 08/22/14 | Sold | $202,000 | +1.0% | $337 / Sq Ft |
| 07/25/2014 07/25/14 | Pending | -- | -- | -- |
| 07/19/2014 07/19/14 | For Sale | $200,000 | -- | $333 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6846493
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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