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Michelle Quackenbush

azbrokeronline@gmail.com +1(602) 999-2627

$ 699,900

Est. payment -/mo

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Price Dropped by $50K

131 W LINDBERGH Avenue Coolidge, AZ 85128

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision North Coolidge

MLS Listing ID 6816626

Year Built 1963

Annual Tax Amount $1,200

Tax Year 2024

Lot Dimensions 20230 sf

Source Arizona Regional Multiple Listing Service (ARMLS)

Property Description

Cash cow with nice upgrades. 8.35 CAP trending to an 8.5 CAP. Be a part of the rapidly appreciating I-10 corridor in Pinal County. Desirable 20,000+ sf corner lot with an adjacent lot also available to combine for about 30,000 total sf. Located in an opportunity zone in Downtown Coolidge, AZ, which is about 1 hour from Phoenix, and 45 min to the Chandler area. Many significant upgrades have been completed, including 4 of the 6 units, major plumbing, heating/cooling, and electrical. Gorgeous new parking lot. Sale includes the six unit/two building complex on a 20,000+ sf lot for $699,900 + an adjacent lot that is close to 10,000 sf for $40,000 (MLS 6817894). New ownership can value-add by finishing some upgrading and raising rents. New 30-year 5-8 unit DSCR product would work well

Location

State AZ

County Pinal

Community North Coolidge

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 Vinyl, 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

Total Parking Spaces 14

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

Listing Terms No Carry, Conventional

Listed by Better Homes & Gardens Real Estate SJ Fowler

Michelle Quackenbush

Agent

+1(602) 999-2627

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