Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Ironwood Place
MLS Listing ID 6847366
Maintenance Fees $750
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1947
Annual Tax Amount $610
Tax Year 2024
Lot Dimensions irr
Property 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.
Location
State AZ
County Maricopa
Community Ironwood Place
Zoning R-3
Interior
Heating Individual, Heat Pump
Cooling Ceiling Fan(s), Electric, Individual
Flooring Carpet, Ceramic Tile, Vinyl
Appliance Refrigerator, Free-Standing Gas Oven
Exterior
Parking Features Free, RV/Access Parking, Add'l Parking Avail, >1 Space Per Unit, Boat
Community Features See Remarks, No Pool
Roof Type Composition
Total Parking Spaces 6
Building
Sewer Public Sewer
Water Master Meter, City Franchise
New Construction No
Schools
School District Glendale Union High School District
Others
Senior Community No
Tax ID 158-29-049
Acceptable Financing No Carry, Conventional
Listing Terms No Carry, Conventional
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