The Property
🏡 **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!
Virtual Tour-Check out the Virtual Tour
If you‘re interested in exploring the features of this property without leaving the comfort of your home, I highly recommend checking out the virtual tour. By clicking on the link provided, you’ll have the opportunity to experience a 360-degree view of the property, giving you a more immersive and interactive perspective. So why not take advantage of this convenient and innovative tool and discover what this property has to offer?
Location
Welcome to Avondale, Arizona – a city that embodies the perfect blend of vibrant community, endless opportunity, and stunning natural beauty. Nestled in the heart of the Valley of the Sun, Avondale is more than just a place; it’s a lifestyle. Whether you’re considering a visit, looking to relocate, or seeking investment opportunities, Avondale has something to offer everyone.
**Endless Sunshine**
Avondale boasts more than 300 days of sunshine each year, making it a paradise for outdoor enthusiasts. With its comfortable climate, residents and visitors can enjoy hiking in the nearby Estrella Mountain Regional Park, teeing off at the prestigious golf courses, or simply taking a leisurely stroll through one of the city’s many parks.
**A Strong Sense of Community**
Avondale is more than just a city; it’s a tight-knit community where neighbors become friends and every corner feels like home. The city’s commitment to community-building is evident through its numerous events, festivals, and cultural celebrations. From the bustling Avondale Civic Center to the family-friendly Avondale Fiesta and Billy Moore Days, there’s always something happening in this city.
**Education Excellence**
Families will find top-notch educational opportunities in Avondale. The city is home to highly-rated public and private schools, ensuring that your children receive a world-class education. The Estrella Mountain Community College and the University of Phoenix Stadium, which hosts the annual Fiesta Bowl, provide higher education and entertainment options for residents and visitors alike.
**Business and Innovation Hub**
Avondale is more than just a place to live; it’s a thriving business hub with numerous opportunities for entrepreneurs and professionals. Its strategic location near major highways, including Interstate 10, makes it an ideal place for commerce. The city actively supports economic development, making it a prime destination for businesses of all sizes.
**Real Estate Gem**
Avondale’s real estate market offers something for everyone. Whether you’re looking for a cozy family home, a modern apartment, or a luxurious estate, Avondale has a diverse range of housing options to suit your needs. The city’s affordability, compared to neighboring areas, makes it an attractive choice for homebuyers and investors.
**Culinary Delights**
Dining in Avondale is a gastronomic adventure. The city’s culinary scene is a delightful mix of international flavors and local cuisine. From charming cafes to upscale restaurants, there’s no shortage of delectable options to satisfy your taste buds.
**Your Gateway to Adventure**
Avondale’s prime location in the Phoenix metropolitan area makes it a gateway to endless adventures. Explore the nearby Sonoran Desert, visit the historic city of Phoenix, or take a short drive to experience the breathtaking beauty of the Grand Canyon. Avondale is your starting point for countless memorable journeys.
**Join Us in Avondale, AZ**
Avondale, Arizona, is more than just a city; it’s a place where dreams come to life. Whether you’re seeking a new home, business opportunities, or a place to create lasting memories, Avondale welcomes you with open arms. Discover the beauty, warmth, and endless possibilities that Avondale has to offer. Come be a part of our vibrant community, and let Avondale be your next destination for success, happiness, and adventure.
*Avondale, AZ: Where Community and Opportunity Thrive – Start Your Journey Today!*
$3,595,000
Sale Price
$230,542
Effective Gross Income
$51,614
Operating Expenses
$178,788
Net Operating Income
4.97%
Cap Rate
Offering Memorandum and Marketing Flyer
To access the Offering Memorandum or the one page Flyer, simply click on the button located below. From there, you’ll be able to download the document in PDF format.
Our Offering Memorandum is an essential resource for anyone who is considering investing in our opportunity. It includes all the necessary information, such as the investment terms, potential risks, financial projections, and more. By reviewing this document, you’ll have a complete understanding of what the investment entails.
If you have any questions or would like to learn more about our investment opportunity, please don’t hesitate to reach out to us. We’re always happy to answer any questions and provide you with the information you need to make an informed decision.
Thank you for considering our investment opportunity, and we hope to hear from you soon!
Documents
We‘d like to invite you to check out the additional photos we have uploaded to our website for our property. These photos offer a more detailed view of the property from various angles and perspectives, giving you a better understanding of its layout and features. Take a few moments to browse through these photos to see for yourself what our property has to offer. We believe that they will provide you with a better insight into our property. Thank you for considering this property, and please don’t hesitate to contact us if you have any questions.
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Be sure to take a look at Linda Gerchick’s Practical Guide to Commercial Real Estate, which is now accessible on Amazon!
