Coolidge, AZ 85128,131 W LINDBERGH Avenue
Coolidge, AZ 85128,131 W LINDBERGH Avenue
Coolidge, AZ 85128,131 W LINDBERGH Avenue
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$689,900
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131 W LINDBERGH Avenue Coolidge, AZ 85128

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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision North Coolidge

MLS Listing ID 6935624

Year Built 1963

Annual Tax Amount $946

Tax Year 2021

Lot Dimensions 20230 sf

Source Arizona Regional Multiple Listing Service (ARMLS)

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

Direction AZ-87 S to N Arizona Blvd to W Vah Kai Inn Rd to N Main St to the property.

Interior

Heating Other, See Remarks, Individual, Window/Wall Unit(s), Electric

Cooling Other, See Remarks, Window/Wall Unit, Electric, Individual

Flooring Concrete

Appliance Built-In Range, Refrigerator

Exterior

Parking Features Other, Paved, Assigned, Add'l Parking Avail, >1 Space Per Unit

Community Features No Pool

Roof Type Composition

Private Pool No

Building

Sewer Public Sewer

Water Private

New Construction No

Schools

School District Coolidge Unified District

Others

Senior Community No

Tax ID 205-03-005

Acceptable Financing No Carry, Conventional

Disclosures None

Listing Terms No Carry, Conventional


Arizona Regional MLS (ARMLS)
Listed by Better Homes & Gardens Real Estate SJ Fowler

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Trina Foster

Trina Foster

Area Leader, REALTOR® | License ID: SA618980000

+1(623) 533-2283

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131 W LINDBERGH Avenue