131 W LINDBERGH Avenue Save Request In-Person Tour Request Virtual Tour
Coolidge,AZ 85128
Key Details
Property Type Multi-Family
Listing Status Active Under Contract
Purchase Type For Sale
Subdivision North Coolidge
MLS Listing ID 6935624
Year Built 1963
Annual Tax Amount $946
Tax Year 2021
Property Description
Cash cow with nice upgrades. Operating at an 8.5 CAP +/-. Be a part of the rapidly appreciating I-10 corridor in Pinal County. Desirable 20,000+ sf corner lot. Located in an opportunity zone (OZ) in Downtown Coolidge, AZ, which is about 1 hour from Phoenix, and 45 min to the Chandler area. Many upgrades have been completed, including 4 of the 6 units, some plumbing, heating/cooling, and electrical. Gorgeous new parking lot. New ownership can value-add by finishing upgrading. Highly stabilized with excellent cash flow is a hard get in this market. Locally owned/self-managed. Current CAP rates around PHX are much lower based on current listings. This is a property with nice upgrades & solid rents in place already. Please do not disturb the tenants.
Location
State AZ
County Pinal
Community North Coolidge
Area Pinal
Zoning R-3
Interior
Heating Other,See Remarks,Individual,Window/Wall Unit(s),Electric
Cooling Other,See Remarks,Window/Wall Unit,Electric,Individual
Flooring Concrete
Exterior
Parking Features Other,Paved,Assigned,Add'l Parking Avail,>1 Space Per Unit
Community Features No Pool
Roof Type Composition
Building
Sewer Public Sewer
Water Private
New Construction No
Schools
School District Coolidge Unified District
Others
Acceptable Financing No Carry,Conventional
Listing Terms No Carry,Conventional