#6836688, Zongfu Li, Listing Office: Lichi Investment, LLC

715-721 W Cinnabar Ave Phoenix, AZ 85021
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
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
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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
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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.
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.
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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.