2340-2348 W Coolidge St - Apartments FOR SALE


Phoenix, AZ 85015
$2,190,000 USD
480-217-9599
2340-2348 W Coolidge St, Phoenix, AZ for Sale
$2,190,000 USD
Apartments - FOR SALE
1/11
null | 5.46% Cap Rate

2340-2348 W Coolidge St
Phoenix, AZ 85015


OVERVIEW

The Coolidge Apartments are comprised of two parcels and six buildings, housing eleven two bedroom units and one studio unit, all individually metered for electricity and all with air conditioning. The five duplex buildings are all two bedroom units with updated electrical, individual yards, storage, tenant favored private driveways and carports allowing tenants to park right next to their unit and unload groceries directly into the kitchen! These amenities help keep turnover to a minimum! The current rents are under market as these features are being overlooked, and consequently occupancy has always been excellent! Tenants are responsible for their own electric expense. Tenant pays water/sewer/trash with the City of Phoenix. Located in Mid-Town Phoenix near 23rd Avenue and Camelback Road, the Coolidge Apartments offer a variety of employment opportunities just a short distance away. Also close by is the Grand Canyon University. Mass transit is available on 23rd Avenue and also along Camelback Road – with the Light Rail (which takes riders by both ASU campuses) at 19th Ave and Camelback!!!

FOR SALE DETAILS

PRICE

$2,190,000 USD

PRICE/SF

$277 USD /SF

# OF UNITS

12

PRICE/UNIT

$182,500

CAP RATE

5.46%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Coolidge Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1966

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.84 AC

LAND SF

36,590 SF

ZONING

R-3

APN/PARCEL ID

154-13-039A,154-13-039B

ASK ABOUT THIS PROPERTY

Joshua LandersCommercial 33More Info
480-217-9599

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Joshua LandersCommercial 33More Info
480-217-9599

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.