$1,800,000

715-721 W Cinnabar Ave Phoenix, AZ 85021

$10,000
Closing credit¹
House

Property details

About 715-721 W Cinnabar Ave

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.

Highlights

Home typeOther
HeatingOther, Heat Pump
StatusActive
CoolingWall/Window Unit(s), Other, Multi Unit(s)
Year built1960
ParkingAdd'l Parking Avail, 1 Space/Unit, On Street
MLS #6846493

Summary

  • MLS Number: 6846493
  • MLS Name: Arizona Regional Multiple Listing Service 2
  • Office Name: Gerchick Real Estate
  • Office Phone: (602) 688-9279
  • Office Email: linda@justsoldit.com
  • Listing Agent: Linda S Gerchick

IDX The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc. Indicates a property listed by a real estate brokerage other than Rocket Homes Real Estate, LLC. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Arizona Regional Multiple Listing Service, Inc. do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright© 2025 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/18/2025, 1:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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$1,800,000

715-721 W Cinnabar Ave

$10,000

closing credit¹

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Price information

Property sales

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Tax history

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Nearby schools

3

Cactus Wren Elementary School

Public District KG-6

0.3 mi

9650 N 39th Ave

4

Sunset Elementary School

Public District KG-6

0.6 mi

4626 W Mountain View Rd

3

Imagine Cortez Park Elementary School

Public Charter KG-5

1.0 mi

3535 W Dunlap Ave

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $48,990. Most Phoenix, AZ residents have annual incomes between $35k-100k. The most common type of family is married, no kids. Most residents in this area have post secondary degree education.

How much money do the neighbors make?

29%
<35k
51%
35k-100k
20%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

34%
Single, No Kids
13%
Single, with Kids
35%
Married, No Kids
18%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

13%
<11 yrs old
8%
12-17 yrs old
17%
18-34 yrs old
45%
35-64 yrs old
17%
65+ yrs old

What do the neighbors do for fun?

  • Pro BoxingPro Boxing
  • Major League Soccer (MLS)Major League Soccer (MLS)
  • Mexican League SoccerMexican League Soccer

Where do the neighbors shop?

  • BurlingtonBurlington
  • H&MH&M
  • Foot LockerFoot Locker

Where do the neighbors go to eat?

  • White CastleWhite Castle
  • PopeyesPopeyes
  • Little CaesarsLittle Caesars

What do the neighbors drive?

  • KiaKia
  • NissanNissan
  • DodgeDodge

What do the neighbors listen to?

  • Urban Adult ContemporaryUrban Adult Contemporary
  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
All data provided by Home Junction and Claritas

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Frequently asked questions

About 715-721 W Cinnabar Ave

This home is located at 715-721 W Cinnabar Ave in Phoenix, AZ and zip code 85051 in the North Mountain neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since April 4, 2025 and is currently priced at $1,800,000.

In March 2025 more than 224 listings in Phoenix, AZ were sold above the asking price. During the same period more than 375 listings were sold at asking price, while more than 812 were sold below. The inventory of homes for sale in Phoenix, AZ between February and March 2025 increased by 9.3%. In March 2025 median list price was $459,738 and the average listing age was 65 days.

From Rocket Homes Real Estate and based on county public records data.

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