Price Reduction
Address
16 E Madden Drive Avondale, AZ
Price
$ 779,900
Property Attributes
  • MLS#6311394
  • TypeMulti-Family
  • CountyMARICOPA
  • CityAvondale
  • NeighborhoodWhyman Sub Lots 8-11
  • Zip85323
  • Style
  • Year Built1935
  • Taxes$ 1296
  • Price$ 779,900
  • Bedrooms3
  • Full Bathrooms3
  • Half Bathrooms0
  • Sqr Footage1650
Listing Provided Courtesy Of:
Stunning Homes Realty
Data Source:
Arizona Regional MLS (ARMLSN) - 22 - AZ
Property Description

Fantastic income producing property with a great cap rate. This recently remodeled property features 6- 1 Bedroom/1 Bathroom units with new dual Heat/AC wall units and new flooring, interior paint, fixtures, cabinets and countertops. The complex already has stable section 8 tenants in place and basically runs itself. The owner has gone to great lengths to make sure everything is repaired and running smoothly.

Elementary School Middle School High School
Michael Anderson Elementary School Michael Anderson Middle School Desert Edge High School
Price History
10/23/2021 Listed $799,000
11/15/2021 3% - $779,900

General Features

1 Bedroom Units: Avg Rent 885.00
2 Bedroom Units: Avg Rent 0.00
3 Bedrooms Units: Avg Rent 0.00
4 Bedrooms Units: Avg Rent 0.00
Construction Block, Frame - Wood
Cooling 2 or More Units, Individual, Window/Wall Unit
Electric APS
Elementary School Michael Anderson
Features No Pool, Other, See Remarks
Gas Y/N None
Heating None
High School Desert Edge High School
Interior Features Unfurnished
Map Code/Grid Q29
Middle School Michael Anderson
Net Income 0.00
New Financing 1031 Exchange, Conventional
Owner Pays Electric, Landscaping, Sewer, Trash Collection, Water
Parking Street Parking
Property Type F
Public Remarks Fantastic income producing property with a great cap rate. This recently remodeled property features 6- 1 Bedroom/1 Bathroom units with new dual Heat/AC wall units and new flooring, interior paint
Roof Comp Shingle
School District 044 - Avondale Elementary District
Sewer Sewer - Public
Special Owner/Agent
Status Active
Subdivision WHYMAN SUB LOTS 8-11
Tenant Pays None
Water City Franchise
Year Built 1935
Zoning R1-6

Interior Features

1 Bedroom Units: # 1 Bedroom Units 3
1 Bedroom Units: # Baths 1
1 Bedroom Units: Avg Sqft 550
Appliances Included F/S Oven/Range, Refrigerator
Floors Ceramic Tile
Total Number of Units 6.00

Exterior Features

Sale Includes Land & Building, Other (See Remarks)
Const - Finish Painted, Stucco
Covered Parking Spcs 0.00
Lot Size Dimensions unk
Total Parking Spcs 0.00

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 $1.02M
$780K
Taxes
AVG $1,322
$1,296
Visits
AVG 199
18
Year Built
AVG 1953
1935

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