$800,000 312 E Kinderman Drive Avondale, AZ

MLS: 5773753   Type: Multi-Family   County: Maricopa   City: Avondale   Zip: 85323     Taxes: $2,515

Mortgage $3,756 /mo

Beds

Baths

Half Baths

Sqr Footage

Lot Size

Built

22

12

0

8,320

0

1969

Here is the perfect opportunity to build your portfolio & make between a 7.88 & 10.27% CAP (REAL CAP, NOT FLUFFY) on this 12 unit multi-family project. Most of the big ticket items have been done-Exterior Paint (2015), A/C Units (2013) & new Plumbing on 80% of the Property. Annual Rents are at $94,500 (Avg of $656.25/Mo Rent) but can be increased SIGNIFICANTLY to $115,200 EASILY (Based on Rents at $800/mo). Storage Room is currently utilized as a workshop but can be turned into a laundry center for an addl $5,000-10,000 in annual income. This is a diamond in the rough!!!! Some small deferred maintenance items will need to be taken care of in the near future but nothing is in immediate need/disrepair (Roof 3-5 year expectancy, Remaining 20% of plumbing, Etc.)

Elementary School

Middle School

High School

Eliseo C. Felix School
Distance: N/A Miles
Avondale
Distance: 0.71 Miles
Agua Fria
Distance: N/A Miles

Price History

5/31/2018 Listed $800,000

1 Bedroom Units: Avg Rent 612.50
2 Bedroom Units: Avg Rent 665.00
3 Bedrooms Units: Avg Rent 0.00
3 Bedrooms Units: Avg Sqft 0
4 Bedrooms Units: Avg Rent 0.00
4 Bedrooms Units: Avg Sqft 0
Construction Block
Elementary School Eliseo C. Felix School
High School Agua Fria High School
Listing Status Active
Middle School Avondale Middle School
Net Income 63028.14
New Financing Conventional, Other (See Remarks), 1031 Exchange
Owner Pays Water, Landscaping, Trash, Sewer
Property Type F
Public Remarks Here is the perfect opportunity to build your portfolio & make between a 7.88 & 10.27% CAP (REAL CAP
School District 044 - Avondale Elementary District
Tenant Pays Electric, Cable TV, Gas
Type ER
Year Built 1969
Zoning R4 & R3

Interior Features

1 Bedroom Units: # 1 Bedroom Units 2
1 Bedroom Units: # Baths 1
1 Bedroom Units: Avg Sqft 575
2 Bedroom Units: # 2 Bedroom Units 10
2 Bedroom Units: # Baths 1
2 Bedroom Units: Avg Sqft 717
3 Bedrooms Units: # 3 Bedroom Units 0
3 Bedrooms Units: # Baths 0
4 Bedrooms Units: # 4 Bedroom Units 0
4 Bedrooms Units: # Baths 0
Appliances Included F/S Oven/Range, Other (See Remarks), Refrigerator
Cooling Window/Wall Unit
Electric APS, Individual Meter
Floors Carpet, Vinyl/Composition, Ceramic Tile
Gas Individual Meter, SW Gas
Heating Electric, Window/Wall Unit(s), Central, Heat Pump, Gas
Interior Features Unfurnished, Mini Blinds, Fire/Smoke Alarm(s)
Total Number of Units 12.00

Exterior Features

Complex Features No Pool
Const - Finish Painted, Stucco
Covered Parking Spcs 0.00
Exterior Features Desert Landscaping, Security Light(s), Separate Storage, Cable TV Available
Lot Size Dimensions 199.82 X 135.73
Parking Free, Add'l Parking Avail, >1 Space Per Unit, Paved Parking
Roof Built-Up, Comp Shingle
Sewer Sewer - Available, Sewer-In & Connected, Sewer - Public
Total Parking Spcs 24.00
Water Master Meter, City Franchise

Property Schools



Direct Link:

http://yvonne.arizonahouses.properties/property/22-5773753-312-E-Kinderman-Drive-Avondale-AZ-85323

Gallery (15 photos)

Ask Your Agent a Question

Property vs Zip Code Avg (85323)

Price 800K Avg 800K

Sqr Feet 8,320 Avg 8,320

Cost / Sqr Ft $96 Avg $96

Taxes $2,515 Avg $2,515

Visits 71 Avg 70

Days on Site 17 Avg 17

Walkscore® 64 Avg 64

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Listing Provided Courtesy Of: Keller Williams Realty Phoenix




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Location & Address

Yvonne Carranza-Rocha
5121 North Central Avenue Suite B
Phoenix, AZ
480-217-2411
888-456-3066

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