Seller Financing
Address
525 S 2Nd Street Avondale, AZ
Price
$ 1,270,000
Property Attributes
  • MLS#6253148
  • TypeMulti-Family
  • CountyMARICOPA
  • CityAvondale
  • NeighborhoodBrooke Tract
  • Zip85323
  • Style
  • Year Built1970
  • Taxes$ 1347
  • Price$ 1,270,000
  • Bedrooms10
  • Full Bathrooms6
  • Half Bathrooms0
  • Sqr Footage3936
Listing Provided Courtesy Of:
Delex Realty
Data Source:
Arizona Regional MLS (ARMLSN) - 22 - AZ
Property Description

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.

Elementary School Middle School High School
Michael Anderson Elementary School Michael Anderson Middle School Desert Edge High School
Price History
6/19/2021 Listed $1,275,000
8/13/2021 1% - $1,270,000

General Features

1 Bedroom Units: Avg Rent 750.00
2 Bedroom Units: Avg Rent 900.00
3 Bedrooms Units: Avg Rent 0.00
4 Bedrooms Units: Avg Rent 0.00
Construction Block
Cooling Ceiling Fan(s), Central A/C, Individual
Electric APS, Individual Meter
Elementary School Michael Anderson
Exterior Features Cable TV Available, Desert Landscaping, Fenced, Partially Fenced
Features No Pool
Gas Y/N Submetered System, SW Gas
Heating 2 or More Units, Natural Gas
High School Desert Edge High School
Interior Features Mini Blinds, Unfurnished
Map Code/Grid Q29
Middle School Michael Anderson
Net Income 56520.00
New Financing Conventional, Other (See Remarks), Seller May Carry
Owner Pays Landscaping, Trash Collection, Water
Parking 1 Space/Unit, Add'l Parking Avail, Street Parking
Property Type F
Public Remarks 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
Roof Comp Shingle
School District 044 - Avondale Elementary District
Sewer Sewer - Public
Special Owner/Agent
Status Active
Subdivision Brooke Tract
Tenant Pays Cable TV, Electric, Gas
Water Master Meter
Year Built 1970
Zoning R-3

Interior Features

1 Bedroom Units: # 1 Bedroom Units 2
1 Bedroom Units: # Baths 1
1 Bedroom Units: Avg Sqft 528
2 Bedroom Units: # 2 Bedroom Units 4
2 Bedroom Units: # Baths 1
2 Bedroom Units: Avg Sqft 720
Appliances Included Refrigerator, W/D Hookup
Floors Ceramic Tile
Total Number of Units 6.00

Exterior Features

Sale Includes Land & Building
Const - Finish Stucco
Covered Parking Spcs 0.00
Lot Size Dimensions 148.5 x 90
Total Parking Spcs 7.00

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 85323

Price
AVG $850K
$1.27M
Taxes
AVG $1,124
$1,347
Visits
AVG 140
392
Year Built
AVG 1957
1970

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