Originally built in 1981, Avanti Estates has recently undergone extensive improvements including a new roof, resurfaced pool. 90% of the units have been updated with new flooring, appliances, bathrooms and cabinets. The addition of covered parking has allowed for additional income. 85% of the units have received new air conditioning units. The current management is in the process of turning the water, sewer, and trash over to the tenant allowing for a potential gain of 24K a year in profit. All of Avanti Estate units are metered individually for electric.With a sales price of $5, 500,000, averaging $183,000 per unit, Avanti Estates is an outstanding opportunity for investors.*Seller may carry with the right offer.
- Price:
- $5,500,000
- Year Built:
- 1981
- Listing ID #:
- 6533594
- Street Address:
- 2939 N 36th St
- City:
- Phoenix
- State:
- Arizona
- Postal Code:
- 85018
- County:
- Maricopa
- Subdivision:
- Citrus Acres Lots 21-60
- Listing Status:
- Pending
- Listing Type:
- ResidentialMultiFamily
K-8
662 students
15 student/teacher
K-8
662 students
15 student/teacher
9-12
2706 students
17 student/teacher
- Construction Description:
- Block
- Exterior Features:
- Desert Landscaping
- Flooring:
- Carpet, Concrete
- Number Of Units:
- 30.00
- Siding:
- Painted
- Type Of Roof:
- Foam
- Year Built:
- 1981
- Operating Expense:
- 13503.00
- Conforms To Zoning:
- R4a
- Community Features:
- No Pool
- Included In Sale:
- Land & Building
- Terms:
- Conventional, Ctl
- Owner Pays:
- Landscaping, Sewer, Trash Collection, Water
- Property Taxes:
- $13,503
- Tenant Pays:
- Cable Tv, Electric
- Covered Parking Spaces:
- 10.00
- Parking Description:
- 1 Space/Unit
- Parking Spaces:
- 37.00
- Appliances:
- Bi Oven/Range
- Cooling System:
- Electric, Individual
- Electricity:
- Individual Meter, Srp
- Existing Water:
- City Franchise
- Heating:
- Electric
- Sewage Type:
- Sewer - Public
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By: Staci Smedstad with Delex Realty
