131 W LINDBERGH Avenue, Coolidge, AZ 85128 (MLS# 6816626)

131 W LINDBERGH Avenue, Coolidge, AZ 85128

$699,900

Property Type: Multiple Dwellings Status: Active

Current Price: $699,900 Last Modified: 5/19/2025

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

More Information MLS# 6816626

Contract Info

Current Price: $699,900 List Price: $699,900 Status: Active List Date: 2025-02-04 Ownership: Fee Simple

Location Tax Legal

House Number: 131 Compass: W Street Name: LINDBERGH St Suffix: Avenue City/Town Code: Coolidge State/Province: AZ Zip Code: 85128 Country: US County Code: Pinal Subdivision: NORTH COOLIDGE Assessor Number: 205-03-005 Tax Year: 2024

General Property Description

Lot Size Dimensions: 20230 sf Year Built: 1963 Uncvrd Parking Spcs: 14 Total # of Units: 6 # of Buildings: 2 Zoning: R-3 Flood Zone: No Elementary School District: Coolidge Unified District High School District: Coolidge Unified District

Remarks Misc

Cross Street: Arizona Blvd & Main St Directions: AZ-87 S to N Arizona Blvd to W Vah Kai Inn Rd to N Main St to the property. Geo Lat: 32.981558 Geo Lon: -111.517571

Status Change Info

Status Change Date: 2025-02-06

Legal Info

Township: 05S Range: 08E Section: 22 Block: 1 Lot Number: 7

Income Expenses

Gross Annual Sch Inc: 72000 Net Operating Income: 58500

Showing Notification Methods

Showing Service: No Showing Service Used

Efficiency Units

# Efficiency Units: 3 Avg Rent: 865 Avg SqFt: 400 # Baths: 1

1 Bedroom Units

# 1 Bedroom Units: 1 Avg Rent: 986 Avg SqFt: 600 # Baths: 1

2 Bedroom Units

# 2 Bedroom Units: 1 Avg Rent: 1074 Avg SqFt: 600 # Baths: 1

3 Bedrooms Units

# 3 Bedroom Units: 1 Avg Rent: 1350 Avg SqFt: 700 # Baths: 1

Property Features

Project Type: 5 - 12 Units Other Type: Packaged Offering Construction: Block; Wood Frame Const - Finish: Painted Roofing: Composition Floors: Concrete; Vinyl Sale Includes: Land & Building; Personal Property; Other (See Remarks) Community Features: No Pool Exterior Amenities: Landscape Wtr System; Desert Landscaping; Partially Fenced; Patio/Balcony; Pet Restrictions; Security Light(s); Other (See Remarks) Interior Amenities: Unfurnished; Fire/Smoke Alarm(s); Vertical Blinds Appliances Included: Built-In Range; Refrigerator Heating: Individual; Window/Wall Unit(s); Other; See Remarks Cooling: Electric; Window/Wall Unit; Individual; Other; See Remarks Water Source: Private Sewer: Sewer - Public Electric: APS Gas: None Parking Features: >1 Space Per Unit; Add'l Parking Avail; Assigned; Paved; Other Owner Pays: Water; Trash Collection; Other; See Remarks Tenant Pays: Water; Electricity; Other (See Remarks) Source of Fincl Data: Owner; Projected Proforma; Other (See Remarks) Lockbox Type: See Private Remarks Existing 1st Loan: Treat as Free&Clear Existing 1st Ln Type: Not Applicable Existing 1st Ln Trms: Non Assumable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Ln Type: Not Applicable Existing 2nd Ln Trms: Non Assumable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Ln Type: Not Applicable Existing 3rd Ln Trms: Non Assumable Existing Othr Ln Trm: Not Applicable New Financing: Cash; Conventional; No Carry Environmental: None

Listing Office: Better Homes & Gardens Real Estate SJ Fowler

Last Updated: May - 19 - 2025