$742,414*
●
Multifamily -
Off Market
16 E MADDEN Drive
Avondale, AZ 85323
Studio
0 Bath
$405,000 - $495,000
Reference Base Price*
64.98%
Since Aug 1, 2019
AZ-Phoenix
Primary Model
About This Property
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.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Multifamily
Property Taxes
$397
HOA Dues
-
Year Built
1935
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 14, 2022 | Sold | $735,000 | |
| Sold | |||
| Jul 6, 2019 | No longer available | - | |
| No longer available | |||
| Jun 14, 2019 | Relisted | $450,000 | |
| Relisted | |||
| Jun 13, 2019 | No longer available | - | |
| No longer available | |||
| May 11, 2019 | Price Decreased |
$450,000
↓ $50K
(10%)
|
|
| Price Decreased | |||
Show More
Property Highlights
Air Conditioning
16 E MADDEN Drive
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Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
05/14/2020
|
|
Studio
|
-
|
-
|
$455,000
Studio
-
|
-
-
|
-
|
-
|
|
04/24/2019
|
|
Studio
|
-
|
-
|
$500,000
Studio
-
|
-
-
|
-
|
-
|
|
09/18/2018
|
|
Studio
|
-
|
-
|
-
Studio
-
|
-
-
|
-
|
-
|
Building Info
