721 W Cinnabar Ave Phoenix, AZ 85021
North Mountain Village NeighborhoodEstimated payment $2,691/month
Highlights
- Parking available for a boat
- Cooling Available
- Ceiling Fan
- Sunnyslope High School Rated A
- Ceramic Tile Flooring
- 3-minute walk to Mountain View Park
About This Home
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.
Strong possibility to build more units.
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 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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $610
Year Built
- Built in 1947
Home Design
- Wood Frame Construction
- Composition Roof
- Block Exterior
Interior Spaces
- Ceiling Fan
Flooring
- Carpet
- Ceramic Tile
- Vinyl
Parking
- 6 Open Parking Spaces
- 6 Parking Spaces
- Over 1 Space Per Unit
- Free Parking
- Parking available for a boat
- RV or Boat Parking
Utilities
- Cooling Available
- Heat Pump System
- Individual Controls for Heating
- Master Water Meter
Listing and Financial Details
- Tax Lot 18
- Assessor Parcel Number 158-29-049
Community Details
Overview
- 2 Buildings
- 3 Units
- Building Dimensions are irr
- Ironwood Place Subdivision
Building Details
- Operating Expense $10,150
- Gross Income $52,659
- Net Operating Income $42,528
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $610 | $4,990 | -- | -- |
| 2024 | $599 | $4,752 | -- | -- |
| 2023 | $599 | $26,470 | $5,290 | $21,180 |
| 2022 | $580 | $18,810 | $3,760 | $15,050 |
| 2021 | $587 | $16,820 | $3,360 | $13,460 |
| 2020 | $573 | $14,610 | $2,920 | $11,690 |
| 2019 | $562 | $11,120 | $2,220 | $8,900 |
| 2018 | $547 | $8,170 | $1,630 | $6,540 |
| 2017 | $544 | $7,860 | $1,570 | $6,290 |
| 2016 | $535 | $7,470 | $1,490 | $5,980 |
| 2015 | $495 | $6,160 | $1,230 | $4,930 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/10/2025 08/10/25 | Price Changed | $500,000 | -16.7% | -- |
| 04/06/2025 04/06/25 | For Sale | $600,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Grand Canyon Title | |
| Warranty Deed | $1,000,000 | Valleywide Title Agency Llc | |
| Warranty Deed | $1,200,000 | Valleywide Title Agency Llc | |
| Warranty Deed | $202,000 | Fidelity Natl Title Agency | |
| Quit Claim Deed | -- | None Available | |
| Cash Sale Deed | $130,000 | American Title Service Agenc | |
| Cash Sale Deed | $400,000 | Security Title Agency Inc | |
| Warranty Deed | $157,000 | Chicago Title Insurance Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,125,000 | New Conventional | |
| Previous Owner | $1,000,000 | Purchase Money Mortgage | |
| Previous Owner | $176,000 | Commercial | |
| Previous Owner | $175,000 | Commercial | |
| Previous Owner | $170,000 | Commercial |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6847366
APN: 158-29-049
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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