306 E Kinderman Dr Avondale, AZ 85323
Old Town NeighborhoodEstimated payment $20,816/month
Highlights
- Cooling Available
- Ceramic Tile Flooring
- Heat Pump System
- Agua Fria High School Rated A-
- Ceiling Fan
- 4-minute walk to Dennis Deconcini Park
About This Home
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 incomeMajor Capital Improvements: Nearly $1M in renovations including interiors, exteriors, systems, and finishesDishwashers in Every Unit: A standout amenity that enhances rental appealStabilized and Turnkey: Minimal deferred maintenance with all units leasedStrategic West Valley Location: Minutes from I-10, top employers, shopping, and entertainmentHigh Rental Demand: Avondale continues to experience rapid population and economic growth Investor-Friendly Market: Surrounded by infrastructure projects and booming developmentBuyer to Verify All Facts and Figures During Due DiligenceAvondale, Arizona, is a rapidly expanding city in the Phoenix metropolitan area, offering strategic advantages for businesses and residents alike.=Population Growth & DemographicsAvondale'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 AccessAvondale 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 soonRecent infrastructure improvements, such as the Fairway Drive interchange, have enhanced local traffic flow and accessibilityâ Major Employers & Economic LandscapeAvondale'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 AdvantagesAvondale 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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,642
Year Built
- Built in 1969
Home Design
- Wood Frame Construction
- Composition Roof
- Block Exterior
- Stone Exterior Construction
- Stucco
Flooring
- Ceramic Tile
- Vinyl
Parking
- 24 Open Parking Spaces
- 24 Parking Spaces
Utilities
- Cooling Available
- Heat Pump System
- Individual Controls for Heating
- Master Water Meter
Additional Features
- Ceiling Fan
- Additional Parcels
Listing and Financial Details
- Assessor Parcel Number 500-17-161
Community Details
Overview
- 4 Buildings
- 13 Units
- Building Dimensions are irr
Building Details
- Operating Expense $41,720
- Gross Income $265,473
- Net Operating Income $224,391
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $968 | $9,262 | -- | -- |
| 2024 | $960 | $8,821 | -- | -- |
| 2023 | $960 | $46,280 | $9,250 | $37,030 |
| 2022 | $925 | $27,650 | $5,530 | $22,120 |
| 2021 | $976 | $23,620 | $4,720 | $18,900 |
| 2020 | $945 | $18,330 | $3,660 | $14,670 |
| 2019 | $939 | $16,920 | $3,380 | $13,540 |
| 2018 | $943 | $12,210 | $2,440 | $9,770 |
| 2017 | $920 | $10,670 | $2,130 | $8,540 |
| 2016 | $938 | $10,670 | $2,130 | $8,540 |
| 2015 | $872 | $9,760 | $1,950 | $7,810 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/17/2025 04/17/25 | For Sale | $3,690,000 | -- | -- |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $2,150,000 | New Title Company Name | |
| Warranty Deed | -- | New Title Company Name | |
| Warranty Deed | $750,000 | Security Title Agency Inc | |
| Special Warranty Deed | $300,000 | Grand Canyon Title Agency In | |
| Quit Claim Deed | -- | None Available | |
| Cash Sale Deed | $120,000 | Thomas Title & Escrow | |
| Special Warranty Deed | -- | None Available | |
| Trustee Deed | $322,300 | Stewart Title & Trust Of Pho |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,690,000 | New Conventional | |
| Closed | $2,330,000 | New Conventional | |
| Previous Owner | $562,500 | Commercial | |
| Previous Owner | $562,500 | Commercial | |
| Previous Owner | $270,000 | Seller Take Back |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6852900
APN: 500-17-161
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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