306 E KINDERMAN Drive, Avondale, AZ 85323 (MLS# 6852900)

306 E KINDERMAN Drive, Avondale, AZ 85323

$3,490,000
Property Type: Multiple Dwellings Status: Active
Current Price: $3,490,000 Last Modified: 9/10/2025

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

Ownership: Fee Simple Current Price: $3,490,000 List Price: $3,490,000 Status: Active List Date: 2025-04-17

Location, Tax & Legal

Assessor's Map #: 17 Legal Description (Abbrev): W 100' OF S2 SE4 NE4 SW4 SE4 EX S 30' .31 AC Assessor's Parcel #: 161 Add'l Parcels: Yes Tax Municipality: Avondale Census Tract: 61200 Taxes: 2642 Legal: W 100' OF S2 SE4 NE4 SW4 SE4 EX S 30' .31 AC Marketing Name: 13 units House Number: 306 Compass: E Street Name: KINDERMAN St Suffix: Drive City/Town Code: Avondale State/Province: AZ Zip Code: 85323 Zip4: 2140 County Code: Maricopa Assessor Number: 500-17-161 Tax Year: 2024

General Property Description

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

Legal Info

Range: 1W Section: 10 Township: 1N

Project Type

13 - 24 Units: 1

Construction

Block: 1 Wood Frame: 1

Const - Finish

Painted: 1 Stucco: 1 Stone: 1

Roofing

Composition: 1

Floors

Vinyl: 1 Ceramic Tile: 1

Sale Includes

Land & Building: 1 Personal Property: 1 Laundry Equipment: 1

Income & Expenses

Annual Elec Exp: 250 Annual Ins Exp: 7208 Annual Landscape Exp: 2798 Annual Maint Exp: 5000 Annual Mgmt Exp: 13306 Annual Wtr/Swr Exp: 7716 Owner Association: No Annual Ownr Asoc Fee: 0 Annual Other Expense: 2800 Operating Exp: 41720 Other Income: 21263 Vacancy Allowance: 0.03 Adjusted Gross Inc: 265472.51 Totl Mnth Rntal Inc: 21035

Pmt & Rate Info

Cap Rate: 6.43 Equity: 3490000 Down Payment %: 0 Monthly Payments: 0 Total Owed: 0

Showing Notification Methods

Showing Service: Aligned Showings

Lockbox Type

Supra: 1

Community Features

No Pool: 1 See Remarks: 1

Heating

Individual: 1 Heat Pump: 1

Cooling

Ceiling Fan(s): 1 Heat Pump: 1 Individual: 1

Tenant Pays

Cable TV: 1

Appliances Included

Free-Standing Range: 1 Refrigerator: 1 Dishwasher: 1 Disposal: 1 Microwave: 1 W/D Hookup: 1

Roads/Streets

Asphalt: 1

Source of Fincl Data

Owner: 1

Water Source

City Franchise: 1 Master Meter: 1

Sewer

Sewer - Public: 1 Sewer-In & Connected: 1

Parking Features

Free: 1 >1 Space Per Unit: 1 Paved: 1

Electric

APS: 1 Individual Meter: 1

Gas

None: 1

Owner Pays

Water: 1 Sewer: 1 Trash Collection: 1 Landscaping: 1

New Financing

Conventional: 1 No Carry: 1

Reports/Disclosures

Seller Prop Disc Stm: 1 APOD/Backup Avaible: 1 Sch of Personal Prop: 1 Other (See Remarks): 1

Environmental

None: 1

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

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

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

Income Expenses

Gross Annual Sch Inc: 252420 Net Operating Income: 224391

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: September - 10 - 2025
306 E KINDERMAN Drive, Avondale, AZ 85323- MLS# 6852900
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