Ethos on Kinderman 13 Units-renovated | 312 E Kinderman Dr
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Ethos on Kinderman 13 Units-renovated 312 E Kinderman Dr 13 Unit Block of Flats £2,780,046 (£213,850/Unit) 6.08% Net Initial Yield Avondale, AZ 85323
INVESTMENT HIGHLIGHTS
- 13 Total Units: Fully occupied with strong in-place income
- Dishwashers in Every Unit: A standout amenity that enhances rental appeal
- Strategic West Valley Location: Minutes from I-10, top employers, shopping, and entertainment
- Major Capital Improvements: Nearly $1M in renovations including interiors, exteriors, systems, and finishes
- Stabilized and Turnkey: Minimal deferred maintenance with all units leased
- High Rental Demand: Avondale continues to experience rapid population and economic growth
EXECUTIVE SUMMARY
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.
?? Property Highlights:
13 Total Units: Fully occupied with strong in-place income
Major Capital Improvements: Nearly $1M in renovations including interiors, exteriors, systems, and finishes
Dishwashers in Every Unit: A standout amenity that enhances rental appeal
Stabilized and Turnkey: Minimal deferred maintenance with all units leased
Strategic West Valley Location: Minutes from I-10, top employers, shopping, and entertainment
High Rental Demand: Avondale continues to experience rapid population and economic growth
Investor-Friendly Market: Surrounded by infrastructure projects and booming development
Buyer to Verify All Facts and Figures During Due Diligence
Avondale, Arizona, is a rapidly expanding city in the Phoenix metropolitan area, offering strategic advantages for businesses and residents alike.
?? Population Growth & Demographics
Avondale's population reached 96,196 in 2025, reflecting a 7.4% increase since 2020 and an annual growth rate of 1.4%. Projections estimate the population will grow to approximately 97,555 by the end of 2027This growth is fueled by the city's family-friendly environment, with 27.4% of residents under 18 years of age.
??? Transportation & Freeway Access
Avondale boasts excellent connectivity through major transportation route:
- Interstate 10 (I-10) This major east-west corridor runs through Avondale, linking it to downtown Phoenix and other key areas
- Loop 101 (Agua Fria Freeway) Intersecting with I-10 near Avondale, it provides access to northern Phoenix
- State Route 30 (Tres Rios Freeway)** A planned freeway aimed at alleviating I-10 congestion, with construction of the central segment expected to begin soon
Recent infrastructure improvements, such as the Fairway Drive interchange, have enhanced local traffic flow and accessibility
?? Major Employers & Economic Landscape
Avondale's economy is diverse, with key sectors including:
- Education & Health Services: Employing 19.9% of the workforce, with institutions like Estrella Mountain Community College playing a significant role.
- Retail Trade: Accounting for 13.9% of employment, supported by various local and national retailers.
- Professional & Administrative Services: Comprising 10.9% of jobs, reflecting a growing business services.
Notable employers include the City of Avondale, Stotz Equipment, and Starbucks.
?? Business & Lifestyle Advantages
Avondale offers a pro-business environment with benefits such as:
- Strategic Location: Proximity to major freeways facilitates commerce and commuting.
- Skilled Workforce: Access to a growing labor pool within the Greater Phoenix area.
- Quality of Life: A family-oriented community with amenities and services that support a high standard of living.
These factors make Avondale an attractive destination for businesses and families seeking growth opportunities in the Southwest.
?? Property Highlights:
13 Total Units: Fully occupied with strong in-place income
Major Capital Improvements: Nearly $1M in renovations including interiors, exteriors, systems, and finishes
Dishwashers in Every Unit: A standout amenity that enhances rental appeal
Stabilized and Turnkey: Minimal deferred maintenance with all units leased
Strategic West Valley Location: Minutes from I-10, top employers, shopping, and entertainment
High Rental Demand: Avondale continues to experience rapid population and economic growth
Investor-Friendly Market: Surrounded by infrastructure projects and booming development
Buyer to Verify All Facts and Figures During Due Diligence
Avondale, Arizona, is a rapidly expanding city in the Phoenix metropolitan area, offering strategic advantages for businesses and residents alike.
?? Population Growth & Demographics
Avondale's population reached 96,196 in 2025, reflecting a 7.4% increase since 2020 and an annual growth rate of 1.4%. Projections estimate the population will grow to approximately 97,555 by the end of 2027This growth is fueled by the city's family-friendly environment, with 27.4% of residents under 18 years of age.
??? Transportation & Freeway Access
Avondale boasts excellent connectivity through major transportation route:
- Interstate 10 (I-10) This major east-west corridor runs through Avondale, linking it to downtown Phoenix and other key areas
- Loop 101 (Agua Fria Freeway) Intersecting with I-10 near Avondale, it provides access to northern Phoenix
- State Route 30 (Tres Rios Freeway)** A planned freeway aimed at alleviating I-10 congestion, with construction of the central segment expected to begin soon
Recent infrastructure improvements, such as the Fairway Drive interchange, have enhanced local traffic flow and accessibility
?? Major Employers & Economic Landscape
Avondale's economy is diverse, with key sectors including:
- Education & Health Services: Employing 19.9% of the workforce, with institutions like Estrella Mountain Community College playing a significant role.
- Retail Trade: Accounting for 13.9% of employment, supported by various local and national retailers.
- Professional & Administrative Services: Comprising 10.9% of jobs, reflecting a growing business services.
Notable employers include the City of Avondale, Stotz Equipment, and Starbucks.
?? Business & Lifestyle Advantages
Avondale offers a pro-business environment with benefits such as:
- Strategic Location: Proximity to major freeways facilitates commerce and commuting.
- Skilled Workforce: Access to a growing labor pool within the Greater Phoenix area.
- Quality of Life: A family-oriented community with amenities and services that support a high standard of living.
These factors make Avondale an attractive destination for businesses and families seeking growth opportunities in the Southwest.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | £2,780,046 | Building Class | B |
| Price Per Unit | £213,850 | Lot Size | 0.62 AC |
| Sale Type | Investment | Building Size | 6,053 SF |
| Net Initial Yield | 6.08% | Average Occupancy | 100% |
| Gross Rent Multiplier | 13.48 | Number of Floors | 2 |
| No. Units | 13 | Year Built/Renovated | 1957/2023 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | Zoning | R1-R-6 R-3 R-6 - Residential |
| Apartment Style | Garden |
| Price | £2,780,046 |
| Price Per Unit | £213,850 |
| Sale Type | Investment |
| Net Initial Yield | 6.08% |
| Gross Rent Multiplier | 13.48 |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.62 AC |
| Building Size | 6,053 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built/Renovated | 1957/2023 |
| Opportunity Zone |
Yes |
| Zoning | R1-R-6 R-3 R-6 - Residential |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Washer/Dryer
- Fridge
- Oven
SITE AMENITIES
- Courtyard
- Laundry Facilities
- Picnic Area
- Storage Space
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | Avg. Rent.Mo | SF |
|---|---|---|---|
| Studios | 1 | £751.52 | 250 |
| 1+1 | 1 | £1,168 | 538 - 682 |
| 2+1 | 11 | £1,258 | 721 - 751 |
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Walk Score®
Very Walkable (77)
PROPERTY TAXES
| Parcel Number | 500-17-152 | Total Assessment | £12,097 (2025) |
| Land Assessment | £0 (2025) | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £0 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
500-17-152
Land Assessment
£0 (2025)
Improvements Assessment
£0 (2025)
Total Assessment
£12,097 (2025)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024
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Ethos on Kinderman 13 Units-renovated | 312 E Kinderman Dr
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