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  • Price$450,000
  • Built1935

16 E Madden Drive, Avondale

9.9% Cap Rate! Manage this property yourself to increase that rate! Guaranteed rents in place! Property was taken almost down to slab and rebuilt, so most is brand new including 6 new LG window high effciency A/C units, ceiling fans, flooring and fixtures. Tenants all have deposits that will carry over to the new buyer. All tenants are members of the ''Sober Living'' home which allows them to live here. All entrances are separate, and there is also a setup for a leased washing/dryer that could generate additional income. Nicely remodeled and great finishes inside. Do NOT disturb tenants. Walk through upon contract acceptance. If you want turn key cash flow, you've found it! Master metered.

Essential Information

  • MLS® #5914890
  • Price$450,000
  • Year Built1935
  • TypeMulti-Family
  • Sub-Type5 - 12 Units, Other (See Remarks)
  • StatusActive


  • AmenitiesNo Pool, Other (See Remarks)
  • ParkingStreet Parking


  • Lot Descriptionunk
  • RoofComp Shingle
  • ConstructionFrame - Wood, Block

Additional Information

  • ZoningR1-6

Community Information

  • Address16 E Madden Drive
  • SubdivisionWHYMAN SUB LOTS 8-11
  • CityAvondale
  • CountyMaricopa
  • StateAZ
  • Zip Code85323


  • Interior FeaturesUnfurnished
  • AppliancesF/S Oven/Range, Refrigerator
  • HeatingNone
  • CoolingENERGY STAR Qualified Equipment, Other (See Remarks), Individual, 2 or More Units, Window/Wall Unit

School Information

  • District044 - Avondale Elementary District
  • ElementaryMichael Anderson
  • MiddleMichael Anderson
  • HighDesert Edge

Listing Details

  • Listing OfficeZion Realty, LLC

Price Change History for 16 E Madden Drive, Avondale, AZ (MLS® #5914890)

Date Details Change
Price Reduced from $500,000 to $450,000 $50,000 (10.00%)
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Information Deemed Reliable But Not Guaranteed. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. ARMLS Logo indicates that a property listed by a real estate brokerage other than Realty One Group. Copyright 2019 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

Listing information last updated on May 21st, 2019 at 10:17pm MST.