131 W Lindbergh Avenue , Coolidge, AZ 85128
Coolidge, AZ 85128
Description
Looking for close to an 8 CAP with room to raise rents? 7.8 CAP trending to an 8 CAP now. Be a part of the rapidly appreciating I-10 corridor in Pinal County. Desirable 20,000+ sf corner lot with the adjacent lot is 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 $750,000 + an adjacent close to 10,000 sf vacant lot for $50,000 (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.
Details
| MLS# | 6816626 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | For-sale |
| Status | Active |
| Year | 1963 |
| Days On Site | 74 |
| Listing Provided By | Better Homes & Gardens Real Estate SJ Fowler | James C Stephens |
Features
| Pool | Yes |
|---|---|
| Units | 6 |
| Building(s) | 2 |
| Zoning | R-3 |
Market Activity 85128
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Learn More About This Property
| State | AZ |
|---|---|
| County | Pinal |
| City | Coolidge |
| Zip Code | 85128 |
| Area | Pinal |
| Community Name | NORTH COOLIDGE |
| School District | Coolidge Unified District |
| Elementary School | Coolidge Unified District |
| Listing VS Median (In NORTH COOLIDGE) | |
Price: $750,000 low | high Med: $242,450 On site: 74 low | high Med: 66.000000 | |
"All information should be verified by the recipient and none is guaranteed as accurate by ARMLS"