525 S 2nd Street, Avondale

$1,270,000

0 Bed
0 Bath
0 Acre
0 Garage

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.

Essential Information
MLS® #6253148
Price$1,270,000
Year Built1970
TypeMulti-Family
Sub-Type5 - 12 Units
StatusActive
Community Information
Address525 S 2nd Street
SubdivisionBrooke Tract
CityAvondale
CountyMaricopa
StateAZ
Zip Code85323
Amenities
AmenitiesNo Pool
Parking Spaces7
Parking

1 Space/Unit, Street Parking, Add'l Parking Avail

Interior
Interior FeaturesUnfurnished, Mini Blinds
AppliancesRefrigerator, W/D Hookup
HeatingGas, 2 or More Units
Cooling

Central A/C, Ceiling Fan(s), Individual

Exterior
Lot Description148.5 x 90
RoofComp Shingle
ConstructionBlock
Exterior Features

Cable TV Available, Desert Landscaping, Fenced, Partially Fenced

School Information
ElementaryMichael Anderson
MiddleMichael Anderson
HighDesert Edge
District

044 - Avondale Elementary District

Additional Information
ZoningR-3
Listing Details
OfficeDelex Realty
Property History
Price Reduced from $1,275,000 to $1,270,000
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Listing information last updated on October 19th, 2021 at 8:19pm MST.