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203 E Lawrence Boulevard #A-D Avondale, AZ 85323
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Key Details
Sold Price $360,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Casa Lomas Condominiums
MLS Listing ID 6167540
Sold Date 01/29/21
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1982
Annual Tax Amount $259
Tax Year 2020
Lot Dimensions ..
Property Description
Multi-family 4-plex w/4 covered parking spaces. Each unit is 2 bed, 1 bath, 792 sq/ ft. with private, fenced patio and washer-dryer hook-up in secured storage area. Fridge, electric range, dishwasher in each unit. ALL FOUR UNITS LEASED; current monthly rent income: $3,100+. Lease dates are provided.
New roof 2016. New patio fences 2019.
Based on list price and expenses - Cap Rate runs around 8.1. One covered parking space per apartment is provided. Each unit is separately parceled to allow for future potential condos for sale vs apartments. Location is great for the rentals being near downtown Avondale, and near public transportation.
Location
State AZ
County Maricopa
Community Casa Lomas Condominiums
Zoning R3
Direction West on Van Buren; south on N. 4th Street; west on E. Lawrence Blvd.; property on south side of Lawrence.
Interior
Flooring Vinyl
Appliance FS OvenRange, WD Hookup
Exterior
Parking Features Assigned, 1 Space/Unit, Common
Community Features No Pool
Roof Type Composition
Total Parking Spaces 4
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
Middle Schools Avondale Middle School
High Schools Agua Fria High School
School District Agua Fria Union High School District
Others
Senior Community No
Tax ID 500-18-441
Acceptable Financing Conventional, 1031 Exchange, VA Loan
Listing Terms Conventional, 1031 Exchange, VA Loan
Financing Conventional
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