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For more information on this property, contact Michael Bohlman at 480-797-3800 or mbohlman@outlook.com

1008 S MAIN Street
Coolidge, Arizona AZ 85128-5711
Sold For: $317,000
Listing ID 6279568
Status Closed
Year Built 1954

Property Description:

4 unit multi-family property consisting of one single family home and large triplex on ½ acre with irrigation rights. 2 bedroom 1 bath single family home remodeled in 2017, Triplex includes 3 large 1 bedroom 1 bath units with modern kitchens and tile floors. All units have fenced yards, laundry hookups and parking. 1 bedroom units have covered front and back patios, large kitchens and storage space inside units. Low Maintenance property, fully leased with long term, month to month tenants who would like to stay. Seller is a licensed real estate agent in Arizona, Owner/agent, SPDS/CLUE available, buyer to verify all facts and information material to buyer. Please, do not disturb tenants. Property is located in an opportunity zone.

Primary Features

County: Pinal
Property Type: Multiple Dwellings
Subdivision: WALLACE ACRES
Year Built: 1954
Zoning: 0310

Interior

1 Bedroom Units # Baths: 1
1 Bedroom Units Avg SqFt: 621
2 Bedroom Units # Baths: 1
2 Bedroom Units Avg SqFt: 884
Cooling: yes
Flooring: Carpet, Ceramic Tile, Other
Heating: yes

Location

Community Features: No Pool
Country: US
Directions: Arizona Blvd south to Palo Verde, east to Main St, south to property on right
Elementary School: West Elementary School
Elementary School District: Coolidge Unified District
General Property Description Elementary School: West Elementary School
General Property Description Elementary School District2: Coolidge Unified District
General Property Description High School: Coolidge High School
General Property Description High School District: Coolidge Unified District
General Property Description Jr High School: Coolidge Jr High School
High School: Coolidge High School
High School District: Coolidge Unified District
Middle Or Junior School: Coolidge Jr High School
Postal City: Coolidge
Township: 05S
Water Source: Irrigation, Private Franchise

External

Attached Garage: no
Construction Materials: Painted, Stucco, Adobe, Frame - Wood
Electric: APS
General Property Description # of Buildings: 2
General Property Description Lot Size Dimensions: 100.39 X 232.07
General Property Description Total # of Units: 4
General Property Description Uncvrd Parking Spcs: 8
Lot Size Dimensions: 100.39 X 232.07
Number Of Buildings: 2
Number Of Units Total: 4
Open Parking Spaces: 8
Parking Features: Other (See Remarks), Free, RV/Boat Parking, Add'l Parking Avail, >1 Space Per Unit
Parking Free: 1
Parking Total: 8
Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s), Alley
Roof: Metal
Sewer: Sewer-In & Connected, Public Sewer
Water Irrigation: 1

Additional

Buyer Agency Compensation: 2.50
Mls Status: Closed
Public Survey Range: 08E
Public Survey Section: 27

Financial

1 Bedroom Units Avg Rent: 533.34
2 Bedroom Units Avg Rent: 750
Cap Rate: 5.44
Current Financing: Not Applicable
Disclosures: Seller Prop Disc Stm, Sch of Personal Prop
Gardener Expense: 300
Gross Income: 28200
Gross Scheduled Income: 28200
Insurance Expense: 1535
Listing Terms: Conventional, 1031 Exchange, FHA, VA Loan
Net Operating Income: 21750
Operating Expense: 4739
Owner Pays: Trash Collection, Water, Sewer, Landscaping
Tax Annual Amount: 933
Tax Block: 2
Tax Book Number: 205.00
Tax Lot: 3
Tax Year: 2020
Tenant Pays: See Remarks, Electricity, Water, Cable TV, Landscaping
Trash Expense: 651
Water Sewer Expense: 1320

Zoning Info


Contact - Listing ID 6279568

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Michael Bohlman

2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800

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