735 W Coolidge St Phoenix, AZ 85013
Uptown Phoenix NeighborhoodEstimated payment $4,440/month
Highlights
- Cooling Available
- Ceramic Tile Flooring
- Heat Pump System
- Phoenix Coding Academy Rated A
- Ceiling Fan
- 3-minute walk to Tawa Mini Park
About This Home
TURN-KEY, FULLY-LEASED TRIPLEX FOR SALE! Located on a large, 8,775 sf lot, just off Camelback and 7th Ave in the charming Grandview neighborhood/Melrose District, this well-maintained triplex offers a perfect blend of comfort, convenience, and character. There is a main house in the front with a duplex in the back. Each of the three homes, all of which are currently leased and professionally managed (ask listing agent for details of terms and operating expenses) offers two bedrooms and one bathroom, as well as a host of appealing features. The entire complex boasts fresh exterior paint and low maintenance landscaping.
The front home is 848 sf and rents for $1395 p/mo. The back units are 650 sf each and rent for $1200 p/mo. each. The front home features wood-look vinyl flooring in the living room and both bedrooms offering warmth and setting the tone for the cozy ambiance throughout the light and bright home. The kitchen features all-black appliances and glass-paned hardwood cabinets and ceramic tile. One of the two bedrooms has built in bookshelves making it a versatile space to flex into a library, office, den, or bookworm's paradise if a second bedroom is not needed. There are ceiling fans throughout the home. The front home also features TONS of storage with two large closets in the bedrooms and three closets in the hallway.
Duplex Unit 1 boasts stainless steel appliances, maple hardwood cabinets. Duplex Unit 2 enjoy SS appliances and cherry hardwood cabinets. Both have ceramic tile flooring and ceiling fans throughout.
Each of the three homes also boasts a separate outdoor laundry room, complete with a washer and dryer. All three homes feature gas stoves, dryers, and hot water heaters, making the cost of utilities low. In addition, Unit 1's HVAC was replaced in 2022. Unit 2's HVAC was replaced in 2013.
Located moments from the Light Rail, this location is surrounded by a thriving culinary scene and the vibrant culture that defines Phoenix. Whether dining out or exploring the city, this location is always just moments away from exciting experiences including convenience of being located in Uptown Phoenix, bordering the popular Melrose District, being a short drive from Downtown Phoenix and enjoying the upscale shopping paradise of Biltmore Fashion Park. Easy access to the 17 and 51 freeways ensures navigating the Valley is a breeze, making all your destinations within reach.
Don't miss this incredible opportunity to purchase a turn-key, fully leased property!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,378
Year Built
- Built in 1957
Home Design
- Composition Roof
- Block Exterior
Interior Spaces
- Ceiling Fan
Flooring
- Ceramic Tile
- Vinyl
Parking
- 6 Open Parking Spaces
- 7 Parking Spaces
- Carport
Utilities
- Cooling Available
- Heat Pump System
Listing and Financial Details
- Tax Lot 12
- Assessor Parcel Number 155-37-022
Community Details
Overview
- 3 Buildings
- 3 Units
- Building Dimensions are 8775
- Income Acres Subdivision
Building Details
- Operating Expense $1,378
- Gross Income $45,540
- Net Operating Income $30,010
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,378 | $10,984 | -- | -- |
| 2024 | $1,332 | $10,461 | -- | -- |
| 2023 | $1,332 | $41,600 | $8,320 | $33,280 |
| 2022 | $1,324 | $29,050 | $5,810 | $23,240 |
| 2021 | $1,347 | $25,480 | $5,090 | $20,390 |
| 2020 | $1,313 | $21,300 | $4,260 | $17,040 |
| 2019 | $1,256 | $18,220 | $3,640 | $14,580 |
| 2018 | $1,214 | $14,130 | $2,820 | $11,310 |
| 2017 | $1,115 | $12,820 | $2,560 | $10,260 |
| 2016 | $1,075 | $11,170 | $2,230 | $8,940 |
| 2015 | $1,000 | $9,800 | $1,960 | $7,840 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/25/2025 02/25/25 | Price Changed | $774,999 | -3.1% | -- |
| 01/06/2025 01/06/25 | For Sale | $799,999 | 0.0% | -- |
| 09/18/2024 09/18/24 | Price Changed | $1,470 | -1.7% | $2 / Sq Ft |
| 09/07/2024 09/07/24 | For Rent | $1,495 | -- | -- |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $305,000 | Land Title Agency Of Arizona | |
| Warranty Deed | -- | Lawyers Title Insurance Corp | |
| Interfamily Deed Transfer | -- | -- | |
| Joint Tenancy Deed | $119,000 | Fidelity Title | |
| Joint Tenancy Deed | -- | -- | |
| Warranty Deed | -- | Security Title Agency |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $244,000 | Commercial | |
| Closed | $30,500 | Commercial | |
| Previous Owner | $34,300 | Credit Line Revolving | |
| Previous Owner | $10,001 | Credit Line Revolving | |
| Previous Owner | $140,000 | Commercial | |
| Previous Owner | $95,200 | Commercial | |
| Previous Owner | $78,080 | FHA |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6800914
APN: 155-37-022
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.
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
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