306 E KINDERMAN Drive, Avondale, AZ 85323

$3,690,000
Property Type: Multiple Dwellings Status: Active
Current Price: $3,690,000 Last Modified: 5/05/2025

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

Supplements: 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.

More Information MLS# 6852900

Contract Info

Current Price: $3,690,000 List Price: $3,690,000 Status: Active List Date: 2025-04-17 Ownership: Fee Simple

Location Tax Legal

House Number: 306 Compass: E Street Name: KINDERMAN St Suffix: Drive City/Town Code: Avondale State/Province: AZ Zip Code: 85323 Zip4: 2140 Country: US County Code: Maricopa Assessor Number: 500-17-161 Tax Year: 2024

General Property Description

Lot Size Dimensions: irr Year Built: 1969 Uncvrd Parking Spcs: 24 Total # of Units: 13 # of Buildings: 4 Zoning: R-3,R-4 Elementary School District: Avondale Elementary District High School District: Agua Fria Union High School District

Remarks Misc

Cross Street: Van Buren and Dysart RD Directions: 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. Geo Lat: 33.437413 Geo Lon: -112.346277

Status Change Info

Status Change Date: 2025-04-17

Legal Info

Township: 1N Range: 1W Section: 10

Income Expenses

Gross Annual Sch Inc: 252420 Net Operating Income: 224391

Showing Notification Methods

Showing Service: Aligned Showings

Efficiency Units

# Efficiency Units: 1 Avg Rent: 995 Avg SqFt: 250 # Baths: 1

1 Bedroom Units

# 1 Bedroom Units: 1 Avg Rent: 1350 Avg SqFt: 500 # Baths: 1

2 Bedroom Units

# 2 Bedroom Units: 11 Avg Rent: 1500 Avg SqFt: 717 # Baths: 1

Property Features

Project Type: 13 - 24 Units Construction: Block; Wood Frame Const - Finish: Painted; Stucco; Stone Roofing: Composition Floors: Vinyl; Ceramic Tile Sale Includes: Land & Building; Personal Property; Laundry Equipment Community Features: No Pool; See Remarks Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; W/D Hookup Heating: Individual; Heat Pump Cooling: Ceiling Fan(s); Heat Pump; Individual Water Source: City Franchise; Master Meter Sewer: Sewer - Public; Sewer-In & Connected Electric: APS; Individual Meter Gas: None Parking Features: >1 Space Per Unit; Free; Paved Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Cable TV Source of Fincl Data: Owner Lockbox Type: Supra New Financing: Conventional; No Carry Environmental: None
Listing Office: Gerchick Real Estate
Last Updated: May - 05 - 2025
306 E KINDERMAN Drive, Avondale, AZ 85323- MLS# 6852900
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