721 W Cinnabar Phoenix AZ 85021 $500,000 Triplex must be purchased w/6 units next door

721 W Cinnabar Phoenix AZ 85021 $500,000 Triplex must be purchased w/6 units next door Strong possibility to build

The Property

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—schedule your showing today and seize the potential of 721 W Cinnabar!

Virtual Tour

If you‘re interested in exploring the features of this property without leaving the comfort of your home, I highly recommend checking out the virtual tour. By clicking on the link provided, you’ll have the opportunity to experience a 360-degree view of the property, giving you a more immersive and interactive perspective. So why not take advantage of this convenient and innovative tool and discover what this property has to offer?

Location

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.

$500,000

Sale Price

$52,678

Effective Operating Income

$10,150

Operating Expenses

$42,528

Net Operating Income

8.51%

Cap Rate

Offering Memorandum and Marketing Flyer

To access the Offering Memorandum or the one page Flyer, simply click on the button located below. From there, you’ll be able to download the document in PDF format.

Our Offering Memorandum is an essential resource for anyone who is considering investing in our opportunity. It includes all the necessary information, such as the investment terms, potential risks, financial projections, and more. By reviewing this document, you’ll have a complete understanding of what the investment entails.

If you have any questions or would like to learn more about our investment opportunity, please don’t hesitate to reach out to us. We’re always happy to answer any questions and provide you with the information you need to make an informed decision.

Thank you for considering our investment opportunity, and we hope to hear from you soon!

One Page Flyer-Check it out Offering Memorandum-Check it out!