131 W Lindbergh Avenue, Coolidge, AZ 85128
- $658,000
- Sold Price
- $658,000
- List Price
- $689,900
- Closing Date
- Nov 21, 2025
- Days on Market
- 33
- Status
- CLOSED
- MLS#
- 6935624
- City
- Coolidge
- Subdivision
- North Coolidge
- Year Built
- 1963
Property Description
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.
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Additional Information
- Community Features
- No Pool
- Construction
- Block, Wood Frame, Painted
- Cooling
- Other, Electric, Varies by Unit, See Remarks
- Electric
- APS
- Heating
- Electric, Varies by Unit, Other, Window/Wall Unit(s), See Remarks
- New Financing
- Conventional, No Carry, Cash
- Parking Features
- Other, Paved, >1 Space Per Unit, Assigned
- Roofing
- Composition
- Subdivision
- North Coolidge
- Taxes
- $946
- Tax Year
- 2021
- Tenant Pays
- Water, Electricity, See Remarks
- Units
- 6
- Water
- Private
- Zoning
- R-3
Courtesy of Better Homes & Gardens Real Estate SJ Fowler. 480-649-3536 Selling Office: Arizona Realty Shop.
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