$7,790,000.00
Sale Price
$486,988
Effective Operating Income
$87,161
Operating Expenses
$399,827
Net Operating Income
5.00%
Cap Rate
$7,790,000.00
Sale Price
$567,676
Proforma Effective Income
$87,161
Proforma Operating Expenses
$480,515
Proforma Net Operating Income
6.01%
Proforma Cap Rate
Offering Memorandum and Marketing Flyer-Check them out.
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!
2122-2124 W Augusta Ave, Phoenix, AZ 85021 (7 Units)
– ✔ **Two fully occupied parcels
– ✔ **Stable Rental Income:** All units are fully occupied, ensuring consistent cash flow
– ✔ **Residential Loan Potential:** Can be purchased using two residential loans, offering favorable financing options
– ✔ **Extensive Renovations:** Recent upgrades to HVAC, plumbing, electrical, flooring, and more
– ✔ **Upgraded Appliances:** New stainless steel appliances in all units (fridge, range, microwave, dishwasher)
– ✔ **Modern Bathrooms:** New vanities, toilets, shower valves, and tubs installed
– ✔ **Energy Efficiency:** Replaced windows with energy-efficient models and upgraded roofing
– ✔ **Interior Upgrades:** Fresh paint, new flooring, and modernized kitchens with quartz countertops
– ✔ **Exterior Improvements:** Landscaped with gravel, artificial grass, and new wooden fences
– ✔ **Prime Location:** Conveniently located near amenities, schools, and transportation hubs
Virtual Tour-2122-2124 W Augusta Ave, Phoenix, AZ 85021 (7 Units)
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-2122-2124 W Augusta Ave, Phoenix, AZ 85021 (7 Units)
Discover the Dynamic 85021: Where Connectivity Meets Community
Located in North Phoenix, ZIP code 85021 offers a vibrant blend of urban accessibility, educational resources, and emerging employment opportunities. The area is undergoing significant redevelopment, enhancing its appeal for residents and businesses alike.
Transportation & Accessibility
Interstate 17 Access-Situated just west of I-17, residents enjoy seamless travel to downtown Phoenix and beyond.
Valley Metro Light Rail-The newly opened **Thelda Williams Transit Center** serves as the northwestern terminus of the Valley Metro Rail’s Northwest Extension Phase II. This elevated station provides direct access to downtown Phoenix, the East Valley, and, upon completion, south Phoenix.
Bus Routes-The transit center is served by Valley Metro Bus Routes 27, 35, 90, 106, and the I-17 Rapid, offering comprehensive public transportation options.
Education & Community Services
Arizona School for the Deaf and Blind** A cornerstone of the community, this specialized educational institution provides essential services and education for students with sensory disabilities.
Employment & Development
The Metropolitan-The former Metro-center Mall is being redeveloped into **The Metropolitan**, an $850 million, 68-acre mixed-use urban village featuring over 1,200 townhomes, retail spaces, restaurants, parks, and bike paths.
Formation Park 17-Adjacent to The Metropolitan, this new 22-acre business park is set to include four industrial buildings totaling 425,280 square feet, targeting industries such as manufacturing, semiconductors, and warehouse and distribution.
Retail & Recreation
The Loop-A central feature of The Metropolitan, this pedestrian-friendly retail plaza will offer shops, restaurants, bars, parks, a splash pad, and an outdoor entertainment venue.
Parks & Amenities-The development includes green spaces, an amphitheater for concerts and movie nights, and rooftop amenities such as a restaurant, pool, and pickleball courts.
The redevelopment of The Metropolitan aims to create a walkable, transit-oriented community that serves as a vibrant hub for residents and visitors. With its strategic location, diverse amenities, and commitment to sustainability, 85021 is poised to become a premier destination in Phoenix.
Documents-2122-2124 W Augusta Ave, Phoenix, AZ 85021 (7 Units)
7602 E Polk St, Scottsdale, AZ 85257 (6 units)
✔ Fully Remodeled – Smooth stucco, tile backsplashes, and dual-pane windows
✔ Six Total Units – (4) 2BR/1BA and (2) 1BR/1BA layouts
✔ Private Patios & Storage for Each Unit
✔ In-Unit Laundry – New Stackable Washers/Dryers
✔ Excellent Zoning – R-5 Multifamily Residential
✔ Lot Size: 11,021 SF | Building: 4,140 SF
✔ Prime Location – Minutes from Old Town, Tempe, and major employers
✔ Surrounded by Development – New townhomes being built behind the property
✔ Parcel: 131-15-001-Y
✔ Scottsdale 85257 – One of the Valley’s top-performing rental submarkets
Virtual Tour-7602 E Polk St, Scottsdale, AZ 85257 (6 units)
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-7602 E Polk St, Scottsdale, AZ 85257 (6 units)
**Discover South Scottsdale: Where Lifestyle Meets Opportunity**
South Scottsdale is more than a location—it’s a dynamic blend of culture, convenience, and growth. Whether you’re drawn to the bustling nightlife of Old Town, the excitement of spring training baseball, or the innovation hub at SkySong, this area offers something for everyone.
**Old Town Scottsdale**: Experience the heart of the city where history meets contemporary flair. Old Town Scottsdale is renowned for its vibrant arts scene, upscale dining, and eclectic shopping boutiques. From art galleries to lively entertainment, every corner invites exploration and indulgence.
**Spring Training Baseball**: Home to some of MLB’s most exciting preseason action, South Scottsdale welcomes baseball enthusiasts each spring. Catch your favorite teams in action at nearby stadiums, soaking in the sun and the thrill of America’s favorite pastime.
**SkySong Innovation Center**: Positioned as a catalyst for innovation and entrepreneurship, SkySong fuels South Scottsdale’s economic engine. This cutting-edge campus hosts leading companies and startups alike, fostering collaboration and growth in tech and business sectors.
**Access and Connectivity**: South Scottsdale’s proximity to the Loop 101 freeway ensures seamless connectivity to the entire Phoenix metropolitan area. Whether commuting to work or exploring nearby attractions, easy access enhances convenience and mobility.
**Employment Hub**: Anchored by SkySong and supported by a diverse array of industries, South Scottsdale boasts a robust employment base. From corporate headquarters to local businesses, opportunities abound for professionals seeking a thriving career landscape.
—
Experience the essence of South Scottsdale—a vibrant community where lifestyle meets opportunity. Whether you’re looking to invest, relocate, or enjoy the best of Arizona living, South Scottsdale stands ready to welcome you.
Documents-7602 E Polk St, Scottsdale, AZ 85257 (6 units)
306 & 312 E Kinderman Dr, Avondale, AZ 85323 (13 Units)
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
306 & 312 E Kinderman Dr, Avondale, AZ 85323 (13 Units)
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-306 & 312 E Kinderman Dr, Avondale, AZ 85323 (13 Units)
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
🏢 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.
Documents-306 & 312 E Kinderman Dr, Avondale, AZ 85323 (13 Units)
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.
Linda‘s Newest Book on Amazon “The Queen of Fourplexes tells all!’
Make sure you check out Linda’s new book: Stories of Real Estate but learn as you go!
Stay on top of what’s happening in Arizona Real Estate!
Be sure to take a look at Linda Gerchick’s Practical Guide to Commercial Real Estate, which is now accessible on Amazon!
