2 Stable Assets-19 Units


Phoenix , AZ 85021

Over 1.5 Million Upgrades-May be bought individually-NO Seller Carry

$4,995,000
Price
12.63
GRM
$384,231
Price Per Unit
13
Number of Units
5.97%
Cap Rate
8,960
Building SF
$4,995,000
Price
12.63
GRM
$384,231
Price Per Unit
13
Number of Units
5.97%
Cap Rate
8,960
Building SF

Investment Highlights-Individually for Each Asset

  • Ethos on Kinderman – 306 & 312 E Kinderman Dr, Avondale, AZ 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. All units are fully occupied, with dishwashers in every unit, making it a standout in the market. With nearly $1M invested in upgrades—ranging from flooring and finishes to major systems like electrical and plumbing—the property is stabilized and turnkey, minimizing deferred maintenance. Its strategic location offers proximity to I-10, top employers, shopping, and entertainment, positioning it perfectly for continued rental demand. Avondale’s rapid growth adds to its appeal, making this an excellent opportunity for investors looking for a well-maintained asset with strong in-place income.
  • Investment Opportunity – 2122-2124 W Augusta Ave, Phoenix, AZ This investment opportunity consists of two fully occupied parcels located at 2122-2124 W Augusta Ave, Phoenix, AZ 85021. Offering stable, consistent income from day one, all units are currently rented, providing a secure investment in a growing market.(Apartments.com) The property boasts significant capital improvements, including HVAC upgrades, new stainless steel appliances, bathroom renovations, and modernized kitchen finishes with subway tile backsplashes and quartz countertops. The buildings were freshly painted, and the exteriors enhanced with landscaping, gravel, artificial grass, and a barn-style fence. Investors also benefit from the flexibility of purchasing the property with two residential loans, offering advantageous financing terms. This fully renovated property is strategically located near amenities, schools, and transportation hubs, and with recent upgrades, there’s potential for increased rent over time.

Area Overview separated by property:

  • 2122-2124 W Augusta Ave, Phoenix, AZ 85021 - Area Overview The 85021 area in North Phoenix offers a dynamic blend of urban convenience and community growth. Easily accessible via I-17, residents enjoy a direct route to downtown Phoenix and other major areas. The newly opened Thelda Williams Transit Center, part of the Valley Metro Light Rail’s Northwest Extension Phase II, connects to downtown and the East Valley. The area is also served by numerous bus routes, ensuring comprehensive transit options. With the Arizona School for the Deaf and Blind nearby, educational resources are abundant. Ongoing redevelopment, such as the $850 million The Metropolitan project, is transforming the region into a walkable, mixed-use village. Employment opportunities are expanding with the adjacent Formation Park 17, a 22-acre business park. The area’s combination of transportation, education, and commercial development makes it an ideal location for investors and residents alike.
  • Avondale, AZ - Area Overview Avondale is a rapidly growing city in the Phoenix metropolitan area, known for its family-friendly environment and strong business infrastructure. The population has seen significant growth, reaching over 96,000 residents in 2025. Key transportation routes, including Interstate 10 and Loop 101, provide easy access to the rest of the Phoenix area. The planned Tres Rios Freeway aims to alleviate congestion, further enhancing connectivity. Avondale’s economy is diversified, with major sectors including education, retail, and professional services. Estrella Mountain Community College plays a pivotal role in local employment, and other significant employers include Stotz Equipment and Starbucks. The city offers a high quality of life with ample amenities, parks, and services, making it an ideal location for families and businesses looking to thrive in the Southwest.
FOR MORE DETAILS CONTACT
Linda Gerchick
CCIM
(602) 688-9279
linda@justsoldit.com
BR114848000