231 S 1ST Street Avondale, AZ $ 895,000
231 S 1ST Street
$ 895,000
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231 S 1ST Street

Avondale, AZ, 85323
$ 895,000
Baths0.0

Monthly Estimate*

$ 5,948

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Studio

Multi-Family Home for sale in Avondale, AZ

for $895,000. This home was built in 1955.

Fully leased out. This is a 5-unit apartment community with 2 buildings located in Avondale, just 1 mile south of I-10 & Dysart. Walking distance to old town Avondale. Renovated in 2022, 231 1st Street is comprised of 2 two-bedroom units and 3 one-bedroom units ranging from 550 - 1,050 square feet in 2 separate buildings. Entire community's exterior has been renovated with new paint, new landscaping, roof replacement and HVAC servicing, along with each unit's interior receiving premium finishes including quarts countertops, new cabinets, and wood-style flooring. On site laundry. More than ample parking available for each unit.

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Multi-Family Pending

Price

$ 895,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 767

Style

Multiple Dwellings

Year Built

1955

Town/City

Avondale

County/Region

Maricopa

MLS | Web ID

6584389

Features
General
Sewer Sewer-In & Connected Public Sewer
Heating Electric
Cooling Central A/C Electric Ceiling Fan(s)
Roof Composition Rolled/Hot Mop
Zoning R-3
Construction Materials Painted Stucco Block Frame - Wood
Year Built 1955
Electric APS Individual Meter
Tenant Pays See Remarks Trash Collection Electricity Water Sewer
Township 1N
Tax Year 2022
Percent Ownership Fee Simple
Gross Income 77220.0
Community Features No Pool
County Maricopa
Net Operating Income 62667.0
Operating Expense 12747.0
Insurance Expense 1200.0
Property Type Multiple Dwellings
Attached Garage N
Subdivision Name LITCHFIELD HEIGHTS
Garage Y/N N
Status Pending
Directions GPS AND NAVIGATION FRIENDLY
High School Agua Fria High School
City Avondale
Buyer Agent Compensation 3.00
Disclosures Seller Prop Disc Stm
View Y/N N
High School District Agua Fria Union High School District
Open Parking Spaces 6.0
Total Units 5
Lot Size Square Feet 0.0
Carport Y/N N
Street Name 1ST
Elementary School Eliseo C. Felix School
Tax Annual Amount 767.0
Electric Expense 1800.0
Fuel Expense 360.0
Middle/Junior High School Avondale Middle School
Trash Expense 0.0
Water Sewer Expense 820.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 294
Standard Status Pending
Occupancy Type Tenant
Elementary School District Avondale Elementary District
Tax Lot 10
Cap Rate 6.96
Buyer Agent Compensation Type %
New_sp_Financing_co_Conventional5 True
Ownership Fee Simple
Senior Community N
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Interior
Flooring Vinyl
Air Conditioning Y/N Y
Heating Y/N Y
Street Suffix Street
Electric On Property Y/N N
Total Baths 0
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Exterior
Parking Features Paved Parking >1 Space Per Unit Common
Water Source City Franchise Master Meter
Total Parking 7.0
Lot Size Area 0.0
Number of Buildings 2
Spa N
Lot Dimensions 60' x 195'
Lot Size Acres 0.0
Road Surface Type Asphalt
Covered Spaces 1.0
Crops Included Y/N N
Open Parking Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 231
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* Excluded Features
List By
E & G Real Estate Services

Broker

seth.rich@cox.net

Email

Affordability Calculator

$6,012
Per Month
99%
1%
0%
Monthly Principal & Interest
$5,948
Monthly Property Taxes
$64
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4334120 Elementary School
4327302 Middle School
Agua Fria High School High School
Pricing History
DatePricePrice ChangeDescription
2/17/2024$895,000 -0.56% Price Down
1/16/2024$900,000 -2.70% Price Down
11/14/2023$925,000 -5.13% Price Down
10/1/2023$975,000 -1.52% Price Down
8/29/2023$990,000 -1.00% Price Down
7/25/2023$1,000,000 Listed Price

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231 S 1ST Street, Avondale, AZ, 85323 is a Multi-Family Home for sale at $895,000. 231 S 1ST Street is a studio with 0.0 baths and was built in 1955. The property's zip code is 85323 which is in Avondale, AZ