The Coolidge Apartments are comprised of 2 parcels & 6 buildings, housing (11) 2 BEDROOM units & one studio unit** All individually metered for electricity & ALL with A/C's (most units have newer HVAC's)* The five duplex buildings are ALL 2 bedroom units with updated electrical, individual yards, ATTACHED storage,*TENANT FAVORED PRIVATE driveways & CARPORTS allowing tenants to park RIGHT NEXT TO THEIR UNITS & unload groceries directly into the kitchen! These amenities help keep TURNOVER to a minimum! The current rents are under market as the above features are being overlooked by the management HOWEVER occupancy has always been excellent! Tenants are responsible for their own electric/gas expenses Owner pays water/trash. Buyer to verify ALL items of concern prior to end of due diligence.
Age: Over 50 Years Old
Appliances: Oven, Refrigerator
Architecture Style: Other
Cooling System: Heat Pumps
Exterior Type: Stucco
Floor Covering: Carpet, Tile - Ceramic, Vinyl
Heating Fuel: Electric
Heating System: Heat Pump
Parking Type: Assigned, Carport, Paved or Surfaced
New Roof within the past year, several A/C units replaced, more than 50% of units renovated, close access to Interstate I-17, within 1.5 miles of Grand Canyon University.Escrow opened with Fidelity National Title Agency. Please contact Patti Graham at firstname.lastname@example.org, 480-214-4554
Add this to your retirement portfolio. Streamline Operation. Low maintenance and low costs. No reason to reinvent the wheel just take it over. Owners are gifted at keeping it simple and making it run like clockwork. 3 identical buildings each with 4 apartments totaling 12 apartments. Large lot, lighted buildings, laundry room, fenced, covered parking. What are you waiting for?
Fantastic looking 8 unit building located in the heart of Phoenix. Very clean property with a recent rehab that really makes this property stand above the rest. The property sits on a quiet cul-de-sac with a nearby church and some small office complexes. The building runs as advertised and you will not find a better building for the price. This property projected total rents of $49,080 less 5% vacancy of -$2,454 per year so $46,626 adjusted gross income. Then after projected expenses of $23,215 the amount an investor is projected for income is $23,411 per year based on pro forma. This is a 7% CAP Rate.
Great Curb appeal and rental interest. These 2 triplex's rent easily, and quickly. Currently fully occupied. All the units are 2 bedrooms and 1 bathroom approximately 800 square feet each. Covered parking off the alley 3 spaces per building. Laundry room onsite for the tenants.
Excellent income/rental property in good condition just steps from the light rail. Perfect location and a must see. Partial updated roofing, A/C, flooring and electrical panels 2012. Great investment in centrally located area. 4 Covered parking spaces in the rear with 4 separate storage units. Private patio for each unit. Good sized bedrooms with nice living areas.
Can you believe it - all 2 bedroom units with 1 bath. Property consists of 4 units on well manicured lot. Rents are all at least $500 - some higher! Close to all public transportation as well as I-17. Turnkey buildings .... traditional sale. Drive by only. Buyer to verify all items prior to close of escrow. Buildingmust be sold with property at same address but includes units 5-8. MLS #5124494
Can you believe it - all 2 bedroom units with 1 bath. Property consists of 4 units on well manicured lot. Rents are all at least $500 - some higher! Close to all public transportation as well as I-17. Turnkey buildings .... traditional sale. Drive by only. Buyer to verify all items prior to close of escrow. Buildingmust be sold with property at same address but includes units 1-4. MLS #5124488
Investor's Income Dream. Fully rented apartment building with 3 one bedroom units and 1 two bedroom unit. Low maintenance on large fenced lot with laundry rooms and covered parking. Block walls, tile floors. Electric lines, plumbing, windows, and sewer pipes have been replaced. Gas lines are available/disconnected. Laundry rooms have leased income producing coin operated appliances. This is one of 3 identical buildings. All 3 are being sold together for $479,000. Properties are marketed separately for financing only and will not be split up. Simple Make Sense/Cents Management Style. No frills, low expenses. Seller recommends buyer to stay with the plan.