715721 W CINNABAR Avenue new Save Request In-Person Tour Request Virtual Tour
Phoenix,AZ 85021
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Ironwood Place
MLS Listing ID 6846493
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1960
Annual Tax Amount $1,940
Tax Year 2024
Lot Dimensions 61' x 199'
Property 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.
Location
State AZ
County Maricopa
Community Ironwood Place
Zoning R-3
Interior
Heating Other,See Remarks,Heat Pump,2 or More Units
Cooling Window/Wall Unit,Individual,2 or More Units
Flooring Carpet,Vinyl,Concrete
Appliance Free-Standing Range
Exterior
Parking Features Add'l Parking Avail,1 Space/Unit,On Street
Community Features No Pool
Roof Type Composition
Total Parking Spaces 14
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
High Schools Sunnyslope High School
School District Glendale Union High School District
Others
Senior Community No
Tax ID 158-29-050
Acceptable Financing Other (See Remarks)
Listing Terms Other (See Remarks)
Virtual Tour https://tours.arizonarealtours.com/2317543?idx=1