535 E AGUA FRIA Lane, Avondale, AZ 85323, Avondale, 85323 - 5 bed, 2 bath
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Avondale, AZ 85323
This Turnkey Income-Generating Asset is listed at $415,000, reflecting a stable valuation near its $395,079 Fair Market Value. The property represents a High-Potential Investment Opportunity, currently generating $4,300 in monthly rent with a long-term tenant. Boasting a Condition Rating of 2, the home features a specialized fire sprinkler system, a private patio, and a 5-bedroom, 4-bathroom layout designed for licensed assisted living. Located in the Agua Fria High School District, this renovated property offers immediate cash flow and niche market appeal for Buy-and-Hold Investors or Specialized Care Operators.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 535 E AGUA FRIA Lane Subject | $415,000* List Price | 5 | 2 | 1,856 | $213 | - |
A 612 E DEE Street Sold | $374,900 | 3 | 2 | 2,033 | $184 | 0.1 mi |
B 612 E DEE Street Sold | $374,900 | 3 | 2 | 2,033 | $184 | 0.1 mi |
C 12579 W MOUNTAIN VIEW Drive Sold | $439,990 | 4 | 2 | 1,697 | $259 | 1.0 mi |
D 12555 W CHASE Lane Pending | $499,990 List Price | 5 | 3 | 2,224 | $225 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite its 1961 build date, the property has undergone an extensive recent renovation to qualify as a licensed assisted living facility. The interior features modern wood-look laminate flooring, new carpeting, and fresh paint. The bathrooms have been completely updated with contemporary tile surrounds and pebble-floor walk-in showers. Additionally, the installation of a full fire sprinkler system indicates a significant upgrade to the home's safety and mechanical systems, meeting high current quality standards with no visible deferred maintenance.
The property generates a significant monthly rental income of $4,300 with a long-term tenant already in place, offering an immediate and attractive return on investment from day one.
Equipped with a full fire sprinkler system and designed for use as a licensed assisted living facility, the home is uniquely positioned to tap into a high-demand niche market.
Featuring 5 bedrooms and 4 bathrooms within 1,856 square feet, the floor plan is exceptionally efficient for maximizing rental yield or specialized care operations.
Originally built in 1961, the home may require more frequent maintenance or updates to aging systems compared to newer construction in the Avondale area.
The assigned elementary and middle schools have lower performance ratings, which could potentially limit the property's long-term resale appeal to traditional family buyers.
Generate Income from Day One! This is the investment opportunity you've been waiting for. A long-term tenant is already in place, providing an instant return on your investment. Meticulously maintained, this 5-bedroom, 4-bathroom home is more than just a rental—it's primed to operate as a licensed assisted living facility, tapping into a high-demand market. Current Lease at 4,300/mo The entire 1,856 sq ft property is protected by a full fire sprinkler system, adding a crucial layer of safety and value.
No exterior & parking available.
Grades 2-5 • 1.0 mi
Grades PK-2 • 1.2 mi
Grades 6-8 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 86% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,856 | 1,920.5 | 40% |
| Lot Size | 7,306 | 6,425 | 68% |
| Price | $415.0K | $369.0K | 66% |
| Price per sq ft | $224 | $184 | 71% |
| Built year | 1961 | 2005 | 1% |
| HOA | $0 | $57 | 13% |
| Days on market | 204 | 2203 | 14% |
Sep 30, 2025
$415,000
Initial Listing