103 E BRINKER Drive, Avondale, AZ 85323 (MLS# 5539374)

103 E BRINKER Drive, Avondale, AZ 85323

$3,750,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $3,750,000 Last Modified: 1/31/2025

Overview

Description

DO NOT DISTURB TENANTS - DO NOT WALK PROPERTY.Uniquely situated within Avondale's central corridor, Parkside Palms Apartments offers a selection of 1/1, 2/1 & 3/1 floor plans surrounded by green-scaped courtyards in a very low-density setting. Significant recently completed capital upgrades incl complete roof repair/resurfacing, parking lot resurfacing, exterior repaint, remodelled leasing office and re-plastered code-compliant swimming pool. Plus, 65% of the units have had cabinets, counters, vanities, tiled tub and shower surrounds, 6-panel doors, tile flooring, appliances & fixtures replaced during 2015-2016. Ownership has significantly upgraded property to result in steady rent growth now at the $1.00/SF mark.

Listing Details MLS# 5539374

Location, Tax & Legal

Map Code/Grid
R32
House Number
103
Compass
E
Street Name
BRINKER
St Suffix
Drive
City/Town Code
Avondale
State/Province
AZ
Zip Code
85323
Zip4
1928
Country
US
County Code
Maricopa
Subdivision
DIECI ESTATES
Assessor Number
500-18-037
Tax Year
2015

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
irreg
Year Built
1964
Uncvrd Parking Spcs
122
Total # of Units
54
# of Buildings
24
Zoning
M-M, R-3
Elementary School District
Avondale Elementary District
High School District
Agua Fria Union High School District

Remarks Misc

Cross Street
Central and Brinker
Directions
I-10 west to Dysart Road, south on Dysart to Van Buren, West on Van Buren to Central Avenue, south on Central to Brinker, East to property.

Status Change Info

Off Market Date
2017-02-23
Under Contract Date
2017-01-08
Close of Escrow Date
2017-03-13

Legal Info

Township
1N
Range
1W
Section
10
Lot Number
A

More Information

1 Bedroom Units

# 1 Bedroom Units
12
Avg Rent
675
Avg SqFt
448
# Baths
Yes

2 Bedroom Units

# 2 Bedroom Units
26
Avg Rent
775
Avg SqFt
768
# Baths
Yes

3 Bedrooms Units

# 3 Bedroom Units
16
Avg Rent
875
Avg SqFt
960
# Baths
Yes

Income Expenses

Gross Annual Sch Inc
510120
Net Operating Income
321446

Contact Info

List Agent Home Phn
602-243-7499

Sold Info

Loan Type
Conventional
Loan Years
30
Payment Type
Fixed
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$

Property Features

Project Type: 51 - 99 Units Construction: Block Const - Finish: Painted; Brick Veneer Roofing: Built-Up Floors: Ceramic Tile; Carpet Sale Includes: Land & Building; Personal Property; Pool Equipment Community Features: Pool; Manager Res/Office; Play Area; Barbecue Exterior Amenities: Landscape Water System; Green Landscaping; Desert Landscaping; Cable TV Available; Security Light(s) Interior Features: Unfurnished; Fire/Smoke Alarm(s) Appliances Included: Free-Standing Range; Refrigerator Heating: Heat Pump Cooling: Electric; Heat Pump Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: SW Gas Parking Features: >1 Space Per Unit; Paved Road Surface Type: Asphalt; Concrete Owner Pays: Water; Trash Collection; Landscaping; Pool Maintenance Tenant Pays: Electricity; Gas; Cable TV Source of Fincl Data: Owner Existing 1st Loan: Other (See Rmks) Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Other (See Remarks) Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Other (See Remarks) Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Other (See Remarks) Environmental: None
IDX
Listing Office: Kasten Long Commercial Group
Last Updated: January - 31 - 2025
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