Skip To Content

    525 S 2ND Street

    Avondale, AZ 85323
    • $1,270,000
    • STATUS: Active
    • ON SITE: 125 Days
    • MLS #: 6253148
    UPDATED: 49 min ago
    $1,270,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1970
    County:
    Area:

    School Information

    Elementary School:
    Middle School:

    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.

    Monthly Payment Calculator



    © 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than West USA Realty. Data last updated 2021-10-23T22:11:24.787.
    www.househelpersaz.com/homes/118507013
    Print Image

    525 S 2ND Street Avondale, AZ 85323

    • Price: $1,270,000
    • Status: Active
    • Updated: 49 min ago
    • MLS #: 6253148
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1970
    Built
    Neighborhood:
    Brooke Tract
    County:
    Maricopa
    Area:
    Avondale
    Elementary School:
    Michael Anderson
    Middle School:
    Michael Anderson
    High School:
    Desert Edge High School
    School District:
    044 - Avondale Elementary District
    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.
    Exterior Features

    Construction Block Construction Finish Stucco Covered Parking Spaces 0.00 Exterior Amenities Cable Tv AvailableDesert LandscapingFencedPartially Fenced Lot Size Dimensions 148.5 X 90 Parking 1 Space/UnitAdd'l Parking AvailStreet Parking Roads AsphaltSidewalk(S) Roofing Comp Shingle

    Interior Features

    1 Bedroom Unit Avg Sq Ft 528 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 720 2 Bedroom Units Baths 1 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included RefrigeratorW/D Hookup Cooling Ceiling Fan(S)Central A/CIndividual Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Ceramic Tile Heating 2 Or More UnitsNatural Gas Interior Amenities Mini BlindsUnfurnished

    Property Features

    1 Bedroom Unit Avg Rent 750.00 1 Bedroom Units 2 2 Bedroom Unit Avg Rent 900.00 2 Bedroom Units 4 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 61200.00 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 0.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 0.00 Annual Legal And Acctg 0.00 Annual Maint Exp 0.00 Annual Mgmt Exp 0.00 Annual Other Expense 0.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 840.00 Annual Wtr Swr Exp 2160.00 Community Amenities No Pool Cross Street Dysart Rd & Main St Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric ApsIndividual Meter Gas Submetered SystemSw Gas Gross Annual Sch Inc 61200.00 Hoa YN No Net Operating Income 56520.00 New Financing ConventionalOther (See Remarks)Seller May Carry Operating Exp 4347.00 Other Income 0.00 Owner Pays LandscapingTrash CollectionWater Project Type 5 - 12 Units Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Provided By Owner Special Owner/Agent Tax Municipality Avondale Taxes 1347.00 Tenant Pays Cable TvElectricGas Totl Mnth Rntal Inc 5100.00 Vacancy Allowance 0.00 Water Master Meter Zoning R-3

    Listing courtesy of Delex Realty.


    © 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than West USA Realty. Data last updated 2021-10-23T22:11:24.787.
     
    https://bt-photos.global.ssl.fastly.net/armls/1280_boomver_1_6253148-2.jpg https://bt-photos.global.ssl.fastly.net/armls/1280_boomver_1_6253148-2.jpg https://bt-photos.global.ssl.fastly.net/armls/1280_boomver_1_6253148-2.jpg
    Logo
    West USA Realty
    2340 E. Beardsley Rd. #110
    Phoenix AZ, 85024