Listing ID6166459
Sold For$890,000
StatusClosed
Sold Date5/11/2021
CountyMaricopa
SubdivisionINCOME ACRES
Year Built1950
Property TypeMultiple Dwellings
The property is located in the heart of the Central Corridor and is less than 1/5 of a mile to two separate light rail stations. It is located minutes from Central Phoenix and is walking distance to the lively Melrose District. The property is also situated within a short bike ride to popular destinations in Uptown Plaza such as Lou Malnati's, Flower Child, and more.
780 West Coolidge Street is a unique property that boasts an ideal layout for the investor who's looking to occupy the fully upgraded single-family home while creating supplemental cash flow by leasing out the 3 additional units. The fully upgraded property features 2-bed / 1-bath duplex, a 1-bed / 1-bath bungalow and a 3-bed / 1-bath single-family home. The single-family home features a full-size washer and dryer, wood plank floors, center kitchen island, and more. The property is situated on 1/3 of an acre of land in an Arizona Opportunity Zone.
County
Maricopa
Property Type
Multiple Dwellings
Subdivision
INCOME ACRES
Year Built
1950
Zoning
R-3
1 Bedroom Units # Baths
1
1 Bedroom Units Avg SqFt
525
2 Bedroom Units # Baths
1
2 Bedroom Units Avg SqFt
590
3 Bedrooms Units # Baths
1
3 Bedrooms Units Avg SqFt
1124
Cooling
Central A/C, Individual
Cooling
yes
Heating
Individual, Natural Gas
Heating
yes
Community Features
Other, See Remarks
Country
US
Elementary School District
Osborn Elementary District
General Property Description Elementary School District2
Osborn Elementary District
General Property Description High School District
Phoenix Union High School District
High School District
Phoenix Union High School District
Postal City
Phoenix
Township
2N
Water Source
City Franchise
Attached Garage
no
Construction Materials
See Remarks, Brick Veneer, Painted, Stucco, Stone, Block, Frame - Wood
Electric
Other (See Remarks), Individual Meter
General Property Description # of Buildings
3
General Property Description Lot Size Dimensions
50 Ft x 271 Ft
General Property Description Total # of Units
4
General Property Description Uncvrd Parking Spcs
12
Lot Size Dimensions
50 Ft x 271 Ft
Number Of Buildings
3
Number Of Units Total
4
Open Parking Spaces
12
Parking Carport
1
Parking Features
Street Parking, Common
Parking Total
12
Road Surface Type
Asphalt, Treated, Curb(s) & Gutter(s)
Roof
Composition
Sewer
Public Sewer
Buyer Agency Compensation
2.50
Mls Status
Closed
Public Survey Range
3E
Public Survey Section
19
1 Bedroom Units Avg Rent
1195
2 Bedroom Units Avg Rent
1330
3 Bedrooms Units Avg Rent
1595
Cap Rate
5.33
Disclosures
Other (See Remarks)
Gross Income
61289.25
Gross Scheduled Income
62195
Listing Terms
Other (See Remarks)
Net Operating Income
49015
Operating Expense
1678
Owner Pays
Trash Collection, Water, Sewer
Tax Annual Amount
1678
Tax Book Number
155.00
Tax Year
2020
Tenant Pays
Gas, Electricity
Contact - Listing ID 6166459
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
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