$699,900
$80K PRICE DROP

131 W Lindbergh Ave Coolidge, AZ 85128

Estimated payment $4,006/month

Total Views 1,077
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Cooling System Mounted To A Wall/Window
  • Individual Controls for Heating
  • 2-minute walk to Heritage Park
  • Concrete Flooring

About This Home

Cash cow with nice upgrades. 8.35 CAP trending to an 8.5 CAP. Be a part of the rapidly appreciating I-10 corridor in Pinal County. Desirable 20,000+ sf corner lot with an adjacent lot also available to combine for about 30,000 total sf. Located in an opportunity zone in Downtown Coolidge, AZ, which is about 1 hour from Phoenix, and 45 min to the Chandler area. Many significant upgrades have been completed, including 4 of the 6 units, major plumbing, heating/cooling, and electrical. Gorgeous new parking lot. Sale includes the six unit/two building complex on a 20,000+ sf lot for $699,900 + an adjacent lot that is close to 10,000 sf for $40,000 (MLS 6817894). New ownership can value-add by finishing some upgrading and raising rents. New 30-year 5-8 unit DSCR product would work well

Listing Agent

James Stephens

Better Homes & Gardens Real Estate SJ Fowler License #BR650365000

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,200

Year Built

  • Built in 1963

Lot Details

  • Additional Parcels

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior

Flooring

  • Concrete
  • Vinyl

Parking

  • 14 Open Parking Spaces
  • 14 Parking Spaces
  • Assigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Individual Controls for Heating
  • Window Unit Heating System

Listing and Financial Details

  • Legal Lot and Block 7 / 1
  • Assessor Parcel Number 205-03-005

Community Details

Overview

  • 2 Buildings
  • 6 Units
  • Building Dimensions are 20230 sf
  • North Coolidge Subdivision

Building Details

  • Operating Expense $10,200
  • Gross Income $68,685
  • Net Operating Income $58,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,200

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Cross Street: Arizona Blvd & Main St
  • Legal Info Range: 08E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1963
  • Tax Year: 2024
  • Directions: AZ-87 S to N Arizona Blvd to W Vah Kai Inn Rd to N Main St to the property.
  • Road Surface Type: Asphalt
  • Subdivision Name: NORTH COOLIDGE
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl, Concrete
  • Appliances: Built-In Range, Refrigerator
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Other, Paved, Assigned, Add'l Parking Avail, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 14.0
  • Total Parking Spaces: 14.0
  • General Property Description:Uncvrd Parking Spcs: 14.0
  • General Property Description:Total Parking Spcs: 14.0
  • Parking Features:Assigned: Yes
  • Parking Features:Paved2: Yes

Utilities

  • Electric: APS
  • Cooling: Other, See Remarks, Window/Wall Unit, Electric, Individual
  • Heating: Other, See Remarks, Individual, Window/Wall Unit(s), Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Private
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:WindowWall Unit(s): Yes
  • Main Cooling Other: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes
  • Exterior Amenities:Pet Restrictions: Yes

Schools

  • Junior High Dist: Coolidge Unified District

Lot Info

  • Lot Size: 20230 sf
  • Additional Parcels: Yes
  • Parcel #: 205-03-005

Multi Family

  • Owner Pays: Other, See Remarks, Trash Collection, Water, Sewer
  • Number Of Units Total: 6
  • Annual Gross Income: 68685.0
  • Property Net Operating Income: 58500.0
  • Annual Operating Expense: 10200.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1200.0
  • Tax Block: 1
  • Tax Book Number: 205.00
  • Tax Lot: 7

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/23/2025 04/23/25 Price Changed $699,900 -6.7% --
04/03/2025 04/03/25 Price Changed $750,000 -1.3% --
03/12/2025 03/12/25 Price Changed $760,000 -2.6% --
02/04/2025 02/04/25 For Sale $780,000 +1463.1% --
12/31/2013 12/31/13 Sold $49,900 -41.2% $143 / Sq Ft
12/09/2013 12/09/13 Pending -- -- --
10/19/2012 10/19/12 For Sale $84,900 -- $243 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6816626

Arizona Regional Multiple Listing Service (ARMLS)

Arizona Pinal County Coolidge 85128

131 W Lindbergh Ave, Coolidge, AZ

Homes for Sale in Coolidge, AZ

This home is located at 131 W Lindbergh Ave, Coolidge, AZ 85128 and is currently priced at $699,900. This property was built in 1963. 131 W Lindbergh Ave is a home located in Pinal County with nearby schools including West Elementary School, Coolidge Jr. High School, and Coolidge High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

Listing Agent
James Stephens
Section Image
Better Homes & Gardens Real Estate SJ Fowler
(520) 412-9369