306 E KINDERMAN Drive Active

Avondale,AZ 85323

$ 3690000

- Bed

0 Bath

- SqFt


Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 6852900

Maintenance Fees $5,000

Year Built 1969

Annual Tax Amount $2,642

Tax Year 2024

Property 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 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.

Location

State AZ

County Maricopa

Zoning R-3,R-4

Interior

Heating Individual,Heat Pump

Cooling Ceiling Fan(s),Heat Pump,Individual

Flooring Ceramic Tile,Vinyl

Exterior

Parking Features Paved,Free,>1 Space Per Unit

Community Features See Remarks,No Pool

Roof Type Composition

Building

Sewer Sewer-In & Connected,Public Sewer

Water Master Meter,City Franchise

New Construction No

Schools

School District Agua Fria Union High School District

Others

Acceptable Financing No Carry,Conventional

Listing Terms No Carry,Conventional

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