$1,140,000
2347 W COOLIDGE Street
Phoenix, AZ 85015
MLS# 6174742



2347 W COOLIDGE Street, Phoenix, AZ 85015
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2347 W COOLIDGE Street, Phoenix, AZ 85015 2347 W COOLIDGE Street, Phoenix, AZ 85015 2347 W COOLIDGE Street, Phoenix, AZ 85015 2347 W COOLIDGE Street, Phoenix, AZ 85015 2347 W COOLIDGE Street, Phoenix, AZ 85015 2347 W COOLIDGE Street, Phoenix, AZ 85015 2347 W COOLIDGE Street, Phoenix, AZ 85015 2347 W COOLIDGE Street, Phoenix, AZ 85015 2347 W COOLIDGE Street, Phoenix, AZ 85015 2347 W COOLIDGE Street, Phoenix, AZ 85015 2347 W COOLIDGE Street, Phoenix, AZ 85015 2347 W COOLIDGE Street, Phoenix, AZ 85015 2347 W COOLIDGE Street, Phoenix, AZ 85015 2347 W COOLIDGE Street, Phoenix, AZ 85015 2347 W COOLIDGE Street, Phoenix, AZ 85015 2347 W COOLIDGE Street, Phoenix, AZ 85015 2347 W COOLIDGE Street, Phoenix, AZ 85015 2347 W COOLIDGE Street, Phoenix, AZ 85015 2347 W COOLIDGE Street, Phoenix, AZ 85015 2347 W COOLIDGE Street, Phoenix, AZ 85015 2347 W COOLIDGE Street, Phoenix, AZ 85015 2347 W COOLIDGE Street, Phoenix, AZ 85015 2347 W COOLIDGE Street, Phoenix, AZ 85015 2347 W COOLIDGE Street, Phoenix, AZ 85015

Property Description
Obtain a 7 unit property that has been redone. ONE NEW unit under construction. The ample parking lot has been recoated w/new striping. The Exterior newly painted with MODERN paint. The interior has been painted along with 4 inch baseboards and all outlets have been replaced. New tenants being placed now at $950 per door. Permits have been pulled for the 7th unit & 7th unit is contingent on Certificate of Occupency. There is a Gazebo with a new Picnic area for the Tenants. All Exterior Doors have been refinished. New Threshholds in every unit. Solar Security Lighting has been added as well as Exterior Security Doors. New Doors for all of the Water Heater Closets. ALL new sunscreens have been added. The interior have all new laminate wood grain flooring with padding. New ceiling fans hav

Details
Maps
Documents
Contract Info
Current Price: $1,140,000
List Price: $1,140,000
Status: Active
List Date: 2020-12-26
Ownership: Fee Simple
Location, Tax & Legal
Map Code/Grid: P33
House Number: 2347
Compass: W
Street Name: COOLIDGE
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85015
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 36 ROWLETT PLACE 2 MCR 003202
Subdivision: ROWLETT PLACE 2
Assessor's Map #: 13
Assessor's Parcel #: 15
Add'l Parcels: No
Assessor Number: 154-13-015
Legal: LOT 36 ROWLETT PLACE 2 MCR 003202
Census Tract: 109002
Tax Municipality: Phoenix
Taxes: 1956
Tax Year: 2020
Marketing Name: 7 Unit
General Property Description
Apx Lot Size Range: irr
Year Built: 1985
Uncvrd Parking Spcs: 10.5
Total # of Units: 7
# of Buildings: 2
Zoning: MFAM
Elem School Dist #: 068 - Alhambra Elementary District
High School Dist #: 210 - Phoenix Union High School District
Remarks & Misc
Cross Street: 23 Ave and Camelback RD
Directions: Turn south onto 23 Ave to Coolidge. Turn Right at Coolidge and property is on the south side of the street. LB is on the front water hose Bib. Keys for viewable units are in LB.
Geo Lat: 33.504714
Geo Lon: -112.110292
Status Change Info
Status Change Date: 2020-12-27
Legal Info
Township: 2N
Range: 2E
Section: 24
Lot Number: 36
Income & Expenses
Annual Ins Exp: 2310
Annual Landscape Exp: 841
Annual Maint Exp: 841
Annual Mgmt Exp: 6725
Annual Wtr/Swr Exp: 8406
Owner Association: No
Operating Exp: 21079
Gross Annual Sch Inc: 82540
Other Income: 4000
Vacancy Allowance: 0.03
Adjusted Gross Inc: 83943.8
Totl Mnth Rntal Inc: 7065
Net Operating Income: 62985
Pmt & Rate Info
Cap Rate: 5.53
Down Payment %: 30
Equity: 1140000
Showing Instructions
To Schedule Showing: Contact Via ShowingTime, Text, Phone, or Email
ARMLS Lockbox: Yes
1 Bedroom Units
# 1 Bedroom Units: 7
Avg Rent: 995
Avg SqFt: 600
# Baths: 1
Contact Info
List Agent Cell Phn: 602-688-9279
Property Features
Project Type: 5 - 12 Units
Construction: Block; Frame - Wood
Const - Finish: Painted; Stucco
Roofing: Comp Shingle
Floors: Vinyl/Composition
Sale Includes: Land & Building; Personal Property; Laundry Equipment
Community Amenities: No Pool; Barbecue Area(s)
Exterior Amenities: Desert Landscaping; Cable TV Available; Security Light(s)
Interior Amenities: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds; Other (See Remarks)
Appliances Included: F/S Oven/Range; Refrigerator
Heating: Individual; Heat Pump; Ceiling Fan(s)
Cooling: Heat Pump; Individual
Water: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: None
Parking: >1 Space Per Unit; Assigned; Free; Paved Parking
Roads/Streets: Asphalt; Curb(s) & Gutter(s); Sidewalk(s); Alley
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electric; Cable TV
Source of Fincl Data: Projected Proforma; Books Shwn Accpt Ofr
Existing 1st Loan: Treat as Free&Clear
New Financing: Conventional
Reports/Disclosures: Seller Prop Disc Stm; APOD/Backup Avaible; Sch of Personal Prop
Environmental: None
Supplements
Obtain a 7 unit property that has been redone. ONE NEW unit under construction. The ample parking lot has been recoated w/new striping. The Exterior newly painted with MODERN paint. The interior has been painted along with 4 inch baseboards and all outlets have been replaced. New tenants being placed now at $995 per door. Permits have been pulled for the 7th unit & 7th unit is contingent on Certificate of Occupency. There is a Gazebo with a new Picnic area for the Tenants. All Exterior Doors have been refinished. New Threshholds in every unit. Solar Security Lighting has been added as well as Exterior Security Doors. New Doors for all of the Water Heater Closets. ALL new sunscreens have been added. The interior have all new laminate wood grain flooring with padding. New ceiling fans have been added along with new sliding closet doors. The bathrooms have new mirrors and new toilets. Buyer to verify all facts and figures.

Listing Office: Gerchick Real Estate

Last Updated: February - 03 - 2021

2347 W COOLIDGE Street, Phoenix, AZ 85015 - MLS# 6174742

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Saturday 27th of February 2021 09:01 PM