Price Reduction
16 E Madden Drive Avondale, AZ
$ 450,000
Property Attributes
  • MLS#5914890
  • TypeMulti-Family
  • CountyMARICOPA
  • CityAvondale
  • NeighborhoodWhyman Sub Lots 8-11
  • Zip85323
  • Style
  • Year Built1935
  • Taxes396
  • Price$ 450,000
  • Bedrooms3
  • Full Bathrooms3
  • Half Bathrooms0
  • Sqr Footage1650
Listing Provided Courtesy Of:
Zion Realty, LLC
Property Description

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.

Elementary School Middle School High School
Michael Anderson Elementary School Michael Anderson Middle School Desert Edge High School
Price History
4/22/2019 Listed $500,000
5/9/2019 10% - $450,000

General Features

1 Bedroom Units: Avg Rent 888.00
2 Bedroom Units: Avg Rent 0.00
3 Bedrooms Units: Avg Rent 0.00
4 Bedrooms Units: Avg Rent 0.00
Construction Block, Frame - Wood
Elementary School Michael Anderson
Features No Pool, Other (See Remarks)
High School Desert Edge High School
Listing Status Active
Map Code/Grid Q29
Middle School Michael Anderson
Net Income 49399.00
New Financing Conventional, 1031 Exchange
Owner Pays Water, Sewer, Electric, Trash, Landscaping, Other (See Remarks)
Property Type F
School District 044 - Avondale Elementary District
Special Owner/Agent
Subdivision WHYMAN SUB LOTS 8-11
Tenant Pays None
Type ER
Year Built 1935
Zoning R1-6

Interior Features

1 Bedroom Units: # 1 Bedroom Units 3
1 Bedroom Units: # Baths 1
1 Bedroom Units: Avg Sqft 550
Appliances Included F/S Oven/Range, Refrigerator
Cooling Other (See Remarks), Individual, 2 or More Units, Window/Wall Unit, ENERGY STAR Qualified Equipment
Electric APS
Floors Ceramic Tile
Gas None
Heating None
Interior Features Unfurnished
Total Number of Units 6.00

Exterior Features

Public Remarks 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
Sale Includes Land & Building, Other (See Remarks)
Const - Finish Painted, Stucco
Covered Parking Spcs 0.00
Lot Size Dimensions unk
Parking Street Parking
Roof Comp Shingle
Sewer Sewer - Public
Total Parking Spcs 0.00
Water City Franchise


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 85323

AVG $450K
AVG $396
AVG 48
Year Built
AVG 1935
AVG 68
Data Provided by Walkscore ® not using MLS data

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