777 W Coolidge Street, Phoenix, AZ 85013

$720,000
Sold Price
$720,000
List Price
$775,000
Closing Date
Dec 17, 2019
Days on Market
181
Status
CLOSED
MLS#
5942484
City
Phoenix
Subdivision
Income Acres
Year Built
1931

Property Description

Rare 1 Acre corner lot in the extremely hot Melrose neighborhood. Lot is zoned currently zoned R3 and perfect for large scale multi-family development, especially with having frontage to 3 different streets. Current city zoning allows for 22 unit lot density. The sky is the limit here with this opportunity! Property currently has a 3-Plex and single family home on it, all are currently occupied by long term, month-to-month renters, totaling $2,600/mo. (House - $800, 1st Floor Units (2): $650 each, 2nd Floor Unit: $500). DO NOT DISTURB CURRENT TENANTS.

Additional Information

School District
Phoenix Union High School District
Community Features
No Pool
Construction
Painted, Frame - Wood
Cooling
Other, See Remarks
Electric
SRP
Flooring
Other
Heating
Natural Gas
New Financing
No Carry, Conventional
Parking Features
Free, 1 Space/Unit, Street Parking
Roofing
Composition
Sewer
Public Sewer
Subdivision
Income Acres
Taxes
$3,064
Tax Year
2018
Tenant Pays
See Remarks, Cable TV
Units
4
Water
City Franchise
Zoning
Multi Family

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of HomeSmart. Selling Office: MODE Apartment Living, LLC.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved.