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525 E Main St 3 Unit Apartment Building $949,000 ($316,333/Unit) Avondale, AZ 85323
EXECUTIVE SUMMARY
Prime Mixed-use opportunity with these C-2 / R-3 parcels. 3 parcels being sold together. Parcel 500-43-178 C-2 zoned (39,929 sq ft.) / Parcel 500-53-134B (11,339 sq ft.) and Parcel 500-53-134A (11,340 sq ft.) are R-3 residential / multi-family zoned. Two occupied residences which have been fully updated this year. Two new tenants in place on new leases. Huge opportunity to build additional units. Water and power in available to all three parcels. Great street frontage and access to nearby amenities.
PROPERTY FACTS
| Price | $949,000 | Building Class | C |
| Price Per Unit | $316,333 | Lot Size | 1.44 AC |
| Sale Type | Investment | Building Size | 1,176 SF |
| No. Units | 3 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1945 |
| Property Subtype | Apartment | Parking Ratio | 15.31/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | C-2.R-3 - Front Parcel: Avondale City Zoning C2 (Community Commercial) Two rear parcels: R-3 (Multi-family Residential) | ||
| Price | $949,000 |
| Price Per Unit | $316,333 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.44 AC |
| Building Size | 1,176 SF |
| No. Stories | 1 |
| Year Built | 1945 |
| Parking Ratio | 15.31/1,000 SF |
| Zoning | C-2.R-3 - Front Parcel: Avondale City Zoning C2 (Community Commercial) Two rear parcels: R-3 (Multi-family Residential) |
AMENITIES
UNIT AMENITIES
- Air Conditioning
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | $700.00 | 456 |
| 2+1 | 1 | $1,000 | 720 |
1 1
Walk Score®
Very Walkable (76)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $5,746 | Total Assessment | $12,949 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$5,746
Improvements Assessment
$0
Total Assessment
$12,949
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525 E Main St
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