$450,000 16 E Madden Drive Avondale, AZ

MLS: 5914890   Type: Multi-Family   County: Maricopa   City: Avondale   Neighborhood: Whyman Sub Lots 8-11   Zip: 85323     Taxes: $396

Mortgage $2,113 /mo



Half Baths

Sqr Footage

Lot Size








9.9% Cap Rate! Manage this property yourself to increase that rate! Guaranteed rents in place! Property was taken almost down to slab and rebuilt, so most is brand new including 6 new LG window high effciency A/C units, ceiling fans, flooring and fixtures. Tenants all have deposits that will carry over to the new buyer. All tenants are members of the ''Sober Living'' home which allows them to live here. All entrances are separate, and there is also a setup for a leased washing/dryer that could generate additional income. Nicely remodeled and great finishes inside. Do NOT disturb tenants. Walk through upon contract acceptance. If you want turn key cash flow, you've found it! Master metered.

Elementary School

Middle School

High School

Michael Anderson
Distance: N/A Miles
Michael Anderson
Distance: 0.35 Miles
Desert Edge
Distance: 2.88 Miles

Price History

4/22/2019 Listed $500,000
5/9/2019 10% - $450,000

1 Bedroom Units: Avg Rent 888.00
2 Bedroom Units: Avg Rent 0.00
3 Bedrooms Units: Avg Rent 0.00
3 Bedrooms Units: Avg Sqft 0
4 Bedrooms Units: Avg Rent 0.00
4 Bedrooms Units: Avg Sqft 0
Construction Block, Frame - Wood
Elementary School Michael Anderson
Features No Pool, Other (See Remarks)
High School Desert Edge High School
Listing Status Active
Map Code/Grid Q29
Middle School Michael Anderson
Net Income 49399.00
New Financing Conventional, 1031 Exchange
Owner Pays Water, Sewer, Electric, Trash, Landscaping, Other (See Remarks)
Property Type F
School District 044 - Avondale Elementary District
Special Owner/Agent
Subdivision WHYMAN SUB LOTS 8-11
Tenant Pays None
Type ER
Year Built 1935
Zoning R1-6

Interior Features

1 Bedroom Units: # 1 Bedroom Units 3
1 Bedroom Units: # Baths 1
1 Bedroom Units: Avg Sqft 550
2 Bedroom Units: # 2 Bedroom Units 0
2 Bedroom Units: # Baths 0
2 Bedroom Units: Avg Sqft 0
3 Bedrooms Units: # 3 Bedroom Units 0
3 Bedrooms Units: # Baths 0
4 Bedrooms Units: # 4 Bedroom Units 0
4 Bedrooms Units: # Baths 0
Appliances Included F/S Oven/Range, Refrigerator
Cooling Other (See Remarks), Individual, 2 or More Units, Window/Wall Unit, ENERGY STAR Qualified Equipment
Electric APS
Floors Ceramic Tile
Gas None
Heating None
Interior Features Unfurnished
Total Number of Units 6.00

Exterior Features

Const - Finish Painted, Stucco
Covered Parking Spcs 0.00
Lot Size Dimensions unk
Parking Street Parking
Roof Comp Shingle
Sewer Sewer - Public
Total Parking Spcs 0.00
Water City Franchise

Property Schools

Direct Link:


Gallery (9 photos)

Ask Your Agent a Question

Property vs Zip Code Avg (85323)

Price 450K Avg 450K

Sqr Feet 1,650 Avg 1,650

Cost / Sqr Ft $273 Avg $273

Taxes $396 Avg $396

Visits 89 Avg 89

Days on Site 59 Avg 59

Walkscore® 68 Avg 68

Data Provided by Walkscore ® not using MLS data

Ask How to Finance this Property

Download Our Mobile App

Download Millions Mapped

Listing Provided Courtesy Of: Zion Realty, LLC

Back to Search

Chat is Now Online! Ask Away!

Find Your Home's Value Instantly

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

RE/MAX Desert Showcase
14155 N 83rd Ave Suite 120
Peoria, AZ

Other Locations