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.
For sale
$689,900
131 W Lindbergh Ave, Coolidge, AZ 85128
6beds
4baths
3,100sqft
Est.:
Multi Family
Built in 1963
-- sqft lot
$-- Zestimate®
$223/sqft
$-- HOA
What's special
Gorgeous new parking lotCorner lot
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