Photo 1 of 83
$3,490,000
Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
|
0.00 |
0 |
$2,642 |
1969 |
On the market:
141 days
|
Recent price change: $3,590,000 |
View full details, 15 photos, school info, and price history
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 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.
Listing courtesy of Linda Gerchick, Gerchick Real Estate