$890,000
Phoenix, AZ 85013
MLS# 6166459
Status: Closed
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Property Description
The property is located in the heart of the Central Corridor and is less than 1/5 of a mile to two separate light rail stations. It is located minutes from Central Phoenix and is walking distance to the lively Melrose District. The property is also situated within a short bike ride to popular destinations in Uptown Plaza such as Lou Malnati's, Flower Child, and more. 780 West Coolidge Street is a unique property that boasts an ideal layout for the investor who's looking to occupy the fully upgraded single-family home while creating supplemental cash flow by leasing out the 3 additional units. The fully upgraded property features 2-bed / 1-bath duplex, a 1-bed / 1-bath bungalow
Details
Maps
Contract Info
Current Price: $890,000
Sold Price: $890,000
Status: Closed
List Date: 2020-12-01
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: P34
House Number: 780
Compass: W
Street Name: COOLIDGE
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85013
Zip4: 7601
Country: USA
County Code: Maricopa
Legal Description (Abbrev): INCOME ACRES TR 19 W2
Subdivision: INCOME ACRES
Assessor's Map #: 37
Assessor's Parcel #: 38
Add'l Parcels: No
Assessor Number: 155-37-038
Legal: INCOME ACRES TR 19 W2
Census Tract: 108902
Tax Municipality: Phoenix
Taxes: 1678
Tax Year: 2020
Marketing Name: 780 W Coolidge St
General Property Description
Lot Size Dimensions: 50 Ft x 271 Ft
Year Built: 1950
Uncvrd Parking Spcs: 12
Total # of Units: 4
# of Buildings: 3
Zoning: R-3
Elementary School District: Osborn Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Geo Lat: 33.505322
Geo Lon: -112.086677
Status Change Info
Status Change Date: 2021-05-12
Off Market Date: 2021-05-03
Under Contract Date: 2021-04-27
Close of Escrow Date: 2021-05-11
Sold Price: $890,000
Legal Info
Township: 2N
Range: 3E
Section: 19
Lot Number: -
Income & Expenses
Owner Association: No
Operating Exp: 1678
Gross Annual Sch Inc: 62195
Other Income: 2320
Vacancy Allowance: 0.05
Adjusted Gross Inc: 61289.25
Net Operating Income: 49015
Pmt & Rate Info
Cap Rate: 5.33
Equity: 920000
1 Bedroom Units
# 1 Bedroom Units: 1
Avg Rent: 1195
Avg SqFt: 525
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1330
Avg SqFt: 590
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 1595
Avg SqFt: 1124
# Baths: 1
Sold Info
Loan Type: Cash
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: Four Plex
Construction: Block; Frame - Wood; Other (See Remarks)
Const - Finish: Painted; Stucco; Brick Trim/Veneer; Stone
Roofing: Comp Shingle
Floors: Other
Sale Includes: Other (See Remarks)
Community Amenities: Other; See Remarks
Appliances Included: BI Oven/Range; Refrigerator; Washer/Dryer; Other (See Remarks)
Heating: Natural Gas; Individual
Cooling: Individual; Central A/C
Water: City Franchise
Sewer: Sewer - Public
Electric: Individual Meter; Other (See Remarks)
Gas: SW Gas; Individual Meter; Other (See Remarks)
Parking: Carport; Street Parking
Roads/Streets: Treated; Asphalt; Curb(s) & Gutter(s)
Owner Pays: Water; Trash Collection
Tenant Pays: Electric; Gas
Source of Fincl Data: Projected Proforma
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
New Financing: Other (See Remarks)
Reports/Disclosures: Other (See Remarks)
Environmental: Other (See Remarks)
Supplements
and a 3-bed / 1-bath single-family home. The single-family home features a full-size washer and dryer, wood plank floors, center kitchen island, and more. The property is situated on 1/3 of an acre of land in an Arizona Opportunity Zone.
Listing Office: ABI Multifamily
Last Updated: May - 12 - 2021
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