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$1,270,000
525 S 2nd St, Avondale, AZ 85323
0 Beds
0 Baths
n/a sqft

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100% leased out with a waiting list. Current rents are significantly under market. Similar units going for $1,400+ All units have been renovated in last 4 years, dual pane windows, independent backyard, granite countertops, wood cabinets, working A/C, All units individually metered for electric and gas, New roof installed march 2020Synthetic stucco on both buildings done 2020, New concrete Driveway done 2021, Property has Back flow valve was installed 2018All the units have 1 car parking space on the property. The area is thriving and rents are under current market rate perfect opportunity to raise rents and keep as long term hold.
  • Price:
  • $1,270,000
  • Year Built:
  • 1970
  • Listing ID #:
  • 6253148
  • Street Address:
  • 525 S 2nd St
  • City:
  • Avondale
  • State:
  • Arizona
  • Postal Code:
  • 85323
  • County:
  • Maricopa
  • Subdivision:
  • Brooke Tract
  • Listing Status:
  • Active
  • Listing Type:
  • ResidentialMultiFamily
School District: 216 - Agua Fria Union High School District
2
out of 5

Michael Anderson
Public
School Grade Level K-8
School Students 861 students
School Teachers 21 student/
teacher
2
out of 5

Michael Anderson
Public
School Grade Level K-8
School Students 861 students
School Teachers 21 student/
teacher
2
out of 5

Desert Edge High School
Public
School Grade Level 9-12
School Students 1782 students
School Teachers 20 student/
teacher
  • Construction Description:
  • Block
  • Exterior Features:
  • Cable Tv Available, Desert Landscaping, Fenced, Partially Fenced
  • Flooring:
  • Ceramic Tile
  • Interior Features:
  • Mini Blinds, Unfurnished
  • Number Of Units:
  • 6.00
  • Siding:
  • Stucco
  • Type Of Roof:
  • Comp Shingle
  • Year Built:
  • 1970
  • Adjusted Gross Income:
  • 61200.00
  • Annual Trash Expenses:
  • 840.00
  • Annual Water/Sewer Expenses:
  • 2160.00
  • Net Operating Income:
  • 56520.00
  • Operating Expense:
  • 4347.00
  • Conforms To Zoning:
  • R-3
  • Community Features:
  • No Pool
  • Included In Sale:
  • Land & Building
  • Terms:
  • Conventional, Other (see Remarks), Seller May Carry
  • Owner Pays:
  • Landscaping, Trash Collection, Water
  • Property Taxes:
  • $1,347
  • Tenant Pays:
  • Cable Tv, Electric, Gas
  • Parking Description:
  • 1 Space/Unit, Add'l Parking Avail, Street Parking
  • Parking Spaces:
  • 7.00
  • Appliances:
  • Refrigerator, W/D Hookup
  • Cooling System:
  • Ceiling Fan(s), Central A/C, Individual
  • Electricity:
  • Aps, Individual Meter
  • Existing Water:
  • Master Meter
  • Gas:
  • Submetered System, Sw Gas
  • Heating:
  • 2 Or More Units, Natural Gas
  • Sewage Type:
  • Sewer - Public
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listings Provided by Delex Realty
  • ARMLS

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