NOT LISTED FOR SALE

421 N Central Ave Avondale, AZ 85323

Old Town Neighborhood

Estimated Value: $378,000 - $443,000

2 Beds
-- Bath
1,536 Sq Ft
$268/Sq Ft Est. Value

Last Sold February 15, 2022

Last sale price $424,900 $277 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $2,180/month

1 Day on Market

Highlights

  • Community Barbecue Grill
  • Central Heating and Cooling System
  • 3-minute walk to Fred Campbell Park
  • Ceramic Tile Flooring
  • Ceiling Fan

About This Home

As of February 2022

Excellent Opportunity to own a turn key cash flowing asset in the heart of Avondale. This duplex has undergone significant capital improvements, including a new roof, new A/C units, new electrical wiring, new plumbing, new dual pane windows, new cosmetic upgrades to the bathrooms, kitchens, stainless steel appliances, porcelain tile floors, recessed lighting, private courtyard, security gates and more. Property is professionally managed with ability for new owner to take advantage of increasing the current rents. Demand for 2BED/1Bath units in this area make this property easy to limit vacancy. Do not disturb occupants. Property is tenant occupied and will be shown with an accepted contract. Photos in listing are accurate of current condition.

Last Agent to Sell the Property

Kevin Simshauser

HomeSmart License #SA678575000 Listed on: 01/12/2022

Last Buyer's Agent

Brandon Torraco

LPT Realty, LLC License #SA641908000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $454

Year Built

  • Built in 1940

Lot Details

  • 6,098

Home Design

  • Brick Exterior Construction
  • Wood Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • Ceiling Fan
  • Ceramic Tile Flooring

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Over 1 Space Per Unit
  • Free Parking
  • On-Street Parking

Schools

  • Michael Anderson Elementary And Middle School
  • Desert Edge High School

Additional Features

  • Property fronts an alley
  • Central Heating and Cooling System

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 1
  • Assessor Parcel Number 500-18-032

Community Details

Overview

  • 2 Units
  • Building Dimensions are 6098

Amenities

  • Community Barbecue Grill

Building Details

  • Operating Expense $454
  • Gross Income $22,971
  • Net Operating Income $20,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$454

Year Built

Built in 1940

Lot Details

6,098 Sq Ft Lot

Listing Details

  • Cross Street: Central and Van Buren
  • Legal Info Range: 1W
  • Property Type: Multiple Dwellings
  • Zoning: R1-6
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1940
  • Tax Year: 2021
  • Road Frontage Type: Alley
  • Road Surface Type: Gravel, Asphalt, Private Street, Sidewalk(s)
  • Cooling:Ceiling Fan(s): Yes
  • Construction Brick: Yes
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other, Ceramic Tile
  • Appliances: Dishwasher, Refrigerator, Washer/Dryer
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Community Features:Barbecue: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Painted, Stucco, Brick
  • Roof: Composition

Garage/Parking

  • Parking Features: Free, >1 Space Per Unit, On Street
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking Features Free2: Yes
  • Parking Features >1 Space Per Unit: Yes
  • Parking Features Street Parking: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: Barbecue, No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Exterior Amenities:Desert Landscaping: Yes

Schools

  • Elementary School: Michael Anderson
  • High School: Desert Edge High School
  • Junior High Dist: Agua Fria Union High School District
  • Middle Or Junior School: Michael Anderson

Lot Info

  • Lot Size: 6098
  • Additional Parcels: No
  • Parcel #: 500-18-032

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 2
  • Annual Gross Income: 22971.0
  • Property Net Operating Income: 20100.0
  • Annual Operating Expense: 454.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 454.0
  • Tax Book Number: 500.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 12, 2022
Closed on
Jan 25, 2022
Sold by
421 Central Llc
Bought by
T Capital Group Llc
Seller's Agent
Kevin Simshauser
HomeSmart
Buyer's Agent
Brandon Torraco
LPT Realty, LLC
List Price
$424,900
Sold Price
$424,900
Current Estimated Value
$411,228

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$13,672
Avg. Annual Appreciation
-0.80%
Original Mortgage
$341,000
Outstanding Balance
$316,683
Interest Rate
3.56%
Mortgage Type
New Conventional
Estimated Equity
$94,545

Purchase Details

Closed on
Sep 17, 2020
Sold by
Thomas Lee Llc
Bought by
421 Central Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$342,900
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 5, 2020
Sold by
Mike Johnson Az Property Investments Llc
Bought by
Thomas Lee Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$342,900
Interest Rate
2.8%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
T Capital Group Llc $424,900 Premier Title
421 Central Llc $381,000 Pioneer Title Agency Inc
Thomas Lee Llc $400,000 Pioneer Title Agency Inc
Mike Johnson Az Property Investments Llc $320,000 Pioneer Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open T Capital Group Llc $341,000
Previous Owner 421 Central Llc $342,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/15/2022 02/15/22 Sold $424,900 0.0% $277 / Sq Ft
02/09/2022 02/09/22 For Sale $424,900 0.0% $277 / Sq Ft
01/12/2022 01/12/22 For Sale $424,900 -- $277 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $484 $4,306 -- --
2024 $446 $4,101 -- --
2023 $446 $25,260 $5,050 $20,210
2022 $430 $14,870 $2,970 $11,900
2021 $454 $11,910 $2,380 $9,530
2020 $439 $8,900 $1,780 $7,120
2019 $437 $8,410 $1,680 $6,730
2018 $439 $6,570 $1,310 $5,260
2017 $428 $5,370 $1,070 $4,300
2016 $436 $5,030 $1,000 $4,030
2015 $406 $4,830 $960 $3,870
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2022

    Kevin Simshauser

    HomeSmart

  • B

    Buyer's Agent in 2022

    Brandon Torraco

    LPT Realty, LLC

    (602) 318-9994

    1 in this area

    4 Total Sales

    Brandon Torraco
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6341010

Arizona Regional Multiple Listing Service (ARMLS)

APN: 500-18-032

Arizona Maricopa County Avondale 85323 Old Town

421 N Central Ave, Avondale, AZ

Not Listed for Sale

MultiFamily

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.

Arizona Regional Multiple Listing Service (ARMLS) 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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