13 Unit-Owner added almost 1 mill improvement
13 Unit Apartment Building | $3,595,000 ($276,538/Unit) | 4.97% Cap Rate | Avondale, AZ 85323
For Sale
Active
- Date Added:
- September 16, 2024
- Days on Market:
- 2 days
Asking Price $3,595,000
- Property Type
-
Multifamily
- Square Feet
- 6,053 SF
Listing Contacts
Linda Gerchick
Verified Profile
- Property Info
Property Overview
?? **Downtown Avondale Investment Opportunity** ??
Welcome to an exceptional real estate investment opportunity in the heart of downtown Avondale! This meticulously remodeled property features a total of 13 units, with nine of them already beautifully renovated, and four ready for your personal touch. Whether you're an experienced investor or looking to make your mark in the thriving Avondale market, this property offers endless potential.
**Property Details:**
- Total Units: 13
- Extensive Remodeling: Nine units have already undergone extensive remodeling, creating stylish and modern living spaces with upgraded amenities.
- Four Remaining Units: The remaining four units are currently occupied by tenants paying market rent, who have expressed no interest in remodeling. This presents a value-add opportunity for you to enhance the property's value further.
- Vacant Units: There are currently four vacant units, one of which already has a pending application.
- Capital Expenses: Extensive capital expenses have been invested in this property to ensure its long-term stability and desirability.
**Investment Highlights:**
- Prime Downtown Location: Situated in the heart of downtown Avondale, this property offers easy access to shopping, dining, entertainment, and public transportation, making it highly attractive to potential tenants.
- Value-Add Opportunity: By remodeling the remaining four units, you can unlock additional rental income and increase the property's overall value.
- Stable Cash Flow: The existing tenants in the nine remodeled units are providing a stable cash flow, offering immediate returns on your investment.
- Upside Potential: Avondale's real estate market is on the rise, providing excellent potential for property appreciation over time.
**Important Note:**
Buyers are encouraged to verify all facts and figures related to the property, including current rental income, expenses, and renovation costs, as part of their due diligence process.
Don't miss out on this incredible opportunity to own a piece of downtown Avondale's real estate market. Contact us today to schedule a viewing and explore the potential this property holds for your investment portfolio. This is your chance to make your mark in one of Avondale's most sought-after neighborhoods!
Welcome to an exceptional real estate investment opportunity in the heart of downtown Avondale! This meticulously remodeled property features a total of 13 units, with nine of them already beautifully renovated, and four ready for your personal touch. Whether you're an experienced investor or looking to make your mark in the thriving Avondale market, this property offers endless potential.
**Property Details:**
- Total Units: 13
- Extensive Remodeling: Nine units have already undergone extensive remodeling, creating stylish and modern living spaces with upgraded amenities.
- Four Remaining Units: The remaining four units are currently occupied by tenants paying market rent, who have expressed no interest in remodeling. This presents a value-add opportunity for you to enhance the property's value further.
- Vacant Units: There are currently four vacant units, one of which already has a pending application.
- Capital Expenses: Extensive capital expenses have been invested in this property to ensure its long-term stability and desirability.
**Investment Highlights:**
- Prime Downtown Location: Situated in the heart of downtown Avondale, this property offers easy access to shopping, dining, entertainment, and public transportation, making it highly attractive to potential tenants.
- Value-Add Opportunity: By remodeling the remaining four units, you can unlock additional rental income and increase the property's overall value.
- Stable Cash Flow: The existing tenants in the nine remodeled units are providing a stable cash flow, offering immediate returns on your investment.
- Upside Potential: Avondale's real estate market is on the rise, providing excellent potential for property appreciation over time.
**Important Note:**
Buyers are encouraged to verify all facts and figures related to the property, including current rental income, expenses, and renovation costs, as part of their due diligence process.
Don't miss out on this incredible opportunity to own a piece of downtown Avondale's real estate market. Contact us today to schedule a viewing and explore the potential this property holds for your investment portfolio. This is your chance to make your mark in one of Avondale's most sought-after neighborhoods!
Property Details
- Class
- B
- Year Built/Renovated
- 1957/2023
- Stories
- 2
- Lot Size (sq. ft)
- 27,007 SF
- Units
- 13
Highlights
- - Prime downtown Avondale location
- - 13-unit property with extensive remodeling
- - Substantial capital expenses invested in the property
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