131 W Lindbergh Avenue, Coolidge, AZ 85128
View property features, location on map, relevant school information and overview from seller's agent.
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Overview
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
Full feature list
Basic info
- Property type
- Multi-family
- Year built
- 1963
Utilities
- Heating
- Other, See remarks, Electric
- Cooling
- Central air, Other, Electric, Wall/window unit(s)
- Sewer
- Public sewer
- Water
- Private
Taxes
- Tax Annual Amount (2021)
- $946
Public schools
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Sourced from: Arizona Regional Multiple Listing Service (ARMLS) MLS®#: 6935624 Last checked: …
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