$300,000
Coolidge, AZ 85128
MLS# 6320404
1770 sqft
1 / 9
Property Description
Long term lease with a Rock Solid Tenant. This well maintained office building is on the main street of Coolidge with excellent exposure and parking. Listing includes two adjacent lots 6,502 square feet each. Coolidge is bursting at the seams and ready to grow at an impressive rate due to extensive expansion. Property value increases have been incredible in the last few years and we look for that to continue. This is a rare opportunity to have such a beautiful building and solid tenants with such potential ROI. PLEASE DO NOT VISIT THE PROPERTY - DRIVE BY ONLY UNTIL AN EXECUTED CONTRACT IS ACCEPTED. This investment property management is as easy as it gets!
Details
Maps
Contract Info
Current Price: $300,000
List Price: $300,000
Status: Active
List Date: 2021-11-12
Ownership: Fee Simple
Location, Tax & Legal
Map Code/Grid: W45
House Number: 345
Compass: S
Street Name: ARIZONA
St Suffix: Boulevard
City/Town Code: Coolidge
State/Province: AZ
Zip Code: 85128
Zip4: 4807
Country: USA
County Code: Pinal
Legal Description (Abbrev): LOT 3 BLOCK 23 JONES ADDITION CAB 3 SLD 28
Subdivision: JONES ADDITION
Assessor's Map #: 4
Assessor's Parcel #: 129
Add'l Parcels: No
Assessor Number: 205-04-129
Census Tract: 1000
Legal: LOT 3 BLOCK 23 JONES ADDITION CAB 3 SLD 28
Tax Municipality: Coolidge
Taxes: 2913
Tax Year: 2021
General Property Description
Ttl Apx SqFt Bldg: 1770
# of Buildings: 1
Lot Size Dimensions: 2 Adjacent rectangle Lots 6,502 square feet each
Year Built: 1976
Uncvrd Parking Spcs: 20
Zoning: Office
Flood Zone: No
Remarks & Misc
Cross Street: Hwy 287 (Arizona Boulevard) and Coolidge Avenue
Directions: North on Hwy 287 (Arizona Boulevard) to the property on the East side of the street.
Geo Lat: 32.97508
Geo Lon: -111.523665
Status Change Info
Status Change Date: 2021-11-12
Legal Info
Township: 05S
Range: 08E
Section: 22
Lot Number: 3
Income & Expenses
Owner Association: No
Operating Exp: 2913
Gross Annual Sch Inc: 13800
Adjusted Gross Inc: 13800
Net Operating Income: 9840
Pmt & Rate Info
Cap Rate: 3.28
Equity: 300000
Property Features
Building Type: Office
Current Use: Service Business
Stories: 1 Story
Construction: Stucco
Roofing: Built-Up
Floors: Concrete
Ceiling Height: 8 Feet or Less
Heating: Other; See Remarks
Cooling: Other; See Remarks
Loading Facilities: None
Interior: Other (See Remarks)
Exterior: Pole Sign; Building Sign
Fencing: None
Amenities: Showroom
Parking: Other (See Remarks)
Electric: Other (See Remarks)
Gas: Other (See Remarks)
Water: Other; See Remarks
Sewer: Other (See Remarks)
Freeway/Highway: Frontage; Other (See Remarks)
Owner Wants: Other (See Remarks)
Special: Owner/Agent
Source of Fincl Data: Provided by Owner
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Other (See Remarks)
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
Roads/Streets: Asphalt
Reports/Disclosures: None
Use Restrictions: Currently Leased
Environmental: Other (See Remarks)
Listing Office: eXp Realty
Last Updated: December - 21 - 2021
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