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Avondale,AZ 85323
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 6852900
Maintenance Fees $5,000
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1969
Annual Tax Amount $2,642
Tax Year 2024
Lot Dimensions irr
Property Description
Step into a premier multifamily investment in the fast-growing city of Avondale, Arizona. This 13-unit complex has undergone nearly $1,000,000 in renovations, offering a rare blend of stability, modern upgrades, and location-driven upside.
📍 Property Highlights:
13 Total Units: Fully occupied with strong in-place income
Major Capital Improvements: Nearly $1M in renovations including interiors, exteriors, systems, and finishes
Dishwashers in Every Unit: A standout amenity that enhances rental appeal
Stabilized and Turnkey: Minimal deferred maintenance with all units leased
Strategic West Valley Location: Minutes from I-10, top employers, shopping, and entertainment
High Rental Demand: Avondale continues to experience rapid population and economic growth Investor-Friendly Market: Surrounded by infrastructure projects and booming development
Buyer to Verify All Facts and Figures During Due Diligence
Avondale, Arizona, is a rapidly expanding city in the Phoenix metropolitan area, offering strategic advantages for businesses and residents alike.
=Population Growth & Demographics
Avondale's population reached 96,196 in 2025, reflecting a 7.4% increase since 2020 and an annual growth rate of 1.4%. Projections estimate the population will grow to approximately 97,555 by the end of 2027This growth is fueled by the city's family-friendly environment, with 27.4% of residents under 18 years of age.
=Transportation & Freeway Access
Avondale boasts excellent connectivity through major transportation route:
- Interstate 10 (I-10) This major east-west corridor runs through Avondale, linking it to downtown Phoenix and other key areas
- Loop 101 (Agua Fria Freeway) Intersecting with I-10 near Avondale, it provides access to northern Phoenix
- State Route 30 (Tres Rios Freeway)** A planned freeway aimed at alleviating I-10 congestion, with construction of the central segment expected to begin soon
Recent infrastructure improvements, such as the Fairway Drive interchange, have enhanced local traffic flow and accessibility
â Major Employers & Economic Landscape
Avondale's economy is diverse, with key sectors including:
- Education & Health Services: Employing 19.9% of the workforce, with institutions like Estrella Mountain Community College playing a significant role.
- Retail Trade: Accounting for 13.9% of employment, supported by various local and national retailers.
- Professional & Administrative Services: Comprising 10.9% of jobs, reflecting a growing business services.
Notable employers include the City of Avondale, Stotz Equipment, and Starbucks.
Business & Lifestyle Advantages
Avondale offers a pro-business environment with benefits such as:
- Strategic Location: Proximity to major freeways facilitates commerce and commuting.
- Skilled Workforce: Access to a growing labor pool within the Greater Phoenix area.
- Quality of Life: A family-oriented community with amenities and services that support a high standard of living.
These factors make Avondale an attractive destination for businesses and families seeking growth opportunities in the Southwest.
Location
State AZ
County Maricopa
Zoning R-3,R-4
Direction From Van Buren: South on Dysart. West (Right) on Riley. South (Left) on 5th Street. West (Right) on Kinderman to Harmony Village Apartments located on the north (right) side.
Interior
Heating Individual,Heat Pump
Cooling Ceiling Fan(s),Heat Pump,Individual
Flooring Ceramic Tile,Vinyl
Appliance Free-Standing Range,Disposal,Dishwasher,Refrigerator,Microwave,W/D Hookup
Exterior
Parking Features Paved,Free,>1 Space Per Unit
Community Features See Remarks,No Pool
Roof Type Composition
Total Parking Spaces 24
Building
Sewer Sewer-In & Connected,Public Sewer
Water Master Meter,City Franchise
New Construction No
Schools
School District Agua Fria Union High School District
Others
Senior Community No
Tax ID 500-17-161
Acceptable Financing No Carry,Conventional
Listing Terms No Carry,Conventional
Virtual Tour https://tours.arizonarealtours.com/2186047?idx=1