231 S 1ST Street, Avondale, AZ 85323 (MLS# 7033933)

231 S 1ST Street, Avondale, AZ 85323

$745,000

Property Type: Multiple Dwellings Status: Active

Current Price: $745,000 List Date: 5/27/2026 Last Modified: 6/09/2026

Overview

Description

This is a 5-unit apartment community with 2 separate buildings. One building is a 2bed/2bath duplex and the other is a 1bed/1bath triplex on the same parcel. Walking distance to old town Avondale! Entire exterior has been renovated with new paint and landscaping, plus roof replacement and repair, three new AC units, and updated plumbing. Finished with new quartz countertops, new cabinets, new flooring, and remodeled bathrooms. Each unit has a small courtyard with on-site laundry

Listing Details MLS# 7033933

Location, Tax & Legal

House Number: 231
Compass: S
Street Name: 1ST
St Suffix: Street
City/Town Code: Avondale
State/Province: AZ
Zip Code: 85323
Zip4: 2356
Country: US
County Code: Maricopa
Subdivision: LITCHFIELD HEIGHTS
Assessor Number: 500-44-099-D
Tax Year: 2025
Assessor's Map #: 44
Legal Description (Abbrev): LITCHFIELD HTS N 60' OF W 195' LOT 10 BLK 2
Assessor's Parcel #: 99
Assessor Parcel Ltr: D
Add'l Parcels: No
Tax Municipality: Avondale
Census Tract: 61401
Taxes: 889
Legal: LITCHFIELD HTS N 60' OF W 195' LOT 10 BLK 2
Marketing Name: Multi family in Avondale

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 60' x 195'
Year Built: 1955
Uncvrd Parking Spcs: 6
Total # of Units: 5
# of Buildings: 2
Zoning: R-3
Flood Zone: No
Elementary School District: Avondale Elementary District
High School District: Agua Fria Union High School District
Elementary School: Eliseo C. Felix School
Jr. High School: Avondale Middle School
High School: Agua Fria High School

Remarks Misc

Cross Street: DYSART & I-10

Legal Info

Township: 1N
Range: 1W
Section: 15
Block: 2
Lot Number: 10

Income Expenses

Gross Annual Sch Inc: 77220
Net Operating Income: 62667

More Information

Showing Notification Methods

Showing Service: Aligned Showings
Phone Call: Yes

1 Bedroom Units

# 1 Bedroom Units: 3
Avg Rent: 1165
Avg SqFt: 550
# Baths: Yes

2 Bedroom Units

# 2 Bedroom Units: 2
Avg Rent: 1395
Avg SqFt: 1050
# Baths: Yes

Project Type

5 - 12 Units: Yes

Construction

Block: Yes
Wood Frame: Yes

Const - Finish

Painted: Yes
Stucco: Yes

Roofing

Composition: Yes
Rolled: Yes

Floors

Vinyl: Yes

Sale Includes

Land & Building: Yes
Laundry Equipment: Yes

Income & Expenses

Annual Elec Exp: 1800
Annual Gas Exp: 360
Annual Ins Exp: 1200
Annual Land Lse Exp: 0
Annual Landscape Exp: 1200
Annual Legal & Acctg: 0
Annual Maint Exp: 2100
Annual Mgmt Exp: 4500
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 820
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 12869
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 77220
Total Monthly Rental Income: 6435

Pmt & Rate Info

Cap Rate: 8.41
Equity: 745000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Lockbox Type

None: Yes

Community Features

No Pool: Yes

Heating

Electric: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes
Electric: Yes

Exterior Amenities

Desert Landscaping: Yes
Cable TV Available: Yes
Patio/Balcony: Yes
Separate Storage: Yes

Interior Features

Unfurnished: Yes
Fire/Smoke Alarm(s): Yes
Mini Blinds: Yes

Tenant Pays

Water: Yes
Sewer: Yes
Electricity: Yes
Trash Collection: Yes
Other (See Remarks): Yes

Appliances Included

Dishwasher: Yes
Disposal: Yes
Microwave: Yes
Refrigerator: Yes
Free-Standing Range: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes

Water Source

City Franchise: Yes
Master Meter: Yes

Sewer

Sewer - Public: Yes
Sewer-In & Connected: Yes

Parking Features

Carport: Yes
>1 Space Per Unit: Yes
Paved: Yes

Electric

APS: Yes
Individual Meter: Yes

Gas

SW Gas: Yes
Individual Meter: Yes

Owner Pays

Water: Yes
Sewer: Yes
Electric: Yes
Trash Collection: Yes
Landscaping: Yes
Other: Yes
See Remarks: Yes

New Financing

Conventional: Yes
No Carry: Yes
1031 Exchange: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Reports/Disclosures

Seller Prop Disc Stm: Yes

Environmental

None: Yes

Efficiency Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: 5 - 12 Units Construction: Block; Wood Frame Const - Finish: Painted; Stucco Roofing: Composition; Rolled Floors: Vinyl Sale Includes: Land & Building; Laundry Equipment Community Features: No Pool Exterior Amenities: Desert Landscaping; Cable TV Available; Patio/Balcony; Separate Storage Interior Features: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave Cooling: Ceiling Fan(s); Electric; Central Air Water Source: City Franchise; Master Meter Sewer: Sewer - Public; Sewer-In & Connected Electric: APS; Individual Meter Gas: SW Gas; Individual Meter Parking Features: Carport; >1 Space Per Unit; Paved Road Surface Type: Asphalt Owner Pays: Water; Electric; Trash Collection; Landscaping; Other; See Remarks Tenant Pays: Water; Sewer; Electricity; Trash Collection; Other (See Remarks) Source of Fincl Data: Owner Showing Notification Methods: Phone Call Lockbox Type: None Existing 1st Loan: Treat as Free&Clear New Financing: Conventional; No Carry; 1031 Exchange Environmental: None

Listing Office: Citiea

Last Updated: June - 09 - 2026