312 E. Kinderman Dr., Avondale, AZ
Multi-family for Sale - $600,000 - 8,000 Sq. Ft. on 0.62 acres
Property Info
| CIMLS# | 67723 |
| Location 312 E. Kinderman Dr. Avondale AZ 85323 | |
| Updated | June 10th, 2008 |
| Type | Multi-family |
| Price | $600,000 |
| Building | 8,000 Sq. Ft. |
| Land | 0.62 acres |
Property Description
This is the 3rd time I will sell this property in 10 years. The first buyer owned 6 yrs. and exhanged out into 44 units in Orlando. It was one of his 1st investments. This C to C+ prop. is ideal for moving up from a 4plex, etc. 2 lots. 1 has a duplex. Other units in 3 bldgs. in U-shape layout, with 1 2-story 4-unit bldg. at botom of "U." Tenants love grassy courtyard for kids, BBQ, etc. Call for detailed pro forma. Divorce forces sale.
Financials
Price is just 7.5 GRM! With 8% vacancy NOI = $47,466...7.6% Cap! After tax ROI = $12,387 = 8.25%!
Assumes 25% dn. and 8% int. 30 yrs. on $450K loan and 25% tax bracket.