$119,000
447 W SEAGOE Avenue
Coolidge, AZ 85128
MLS# 5970027
Status: Closed



447 W SEAGOE Avenue, Coolidge, AZ 85128
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Property Description
Instant cash flow! Potential for owner occupancy and financing with a rental unit to pay the mortgage! Recently remodeled and updated with new roofs, HVAC systems, electrical, plumbing and updated interiors, large yard with plenty of parking close to transportation, shopping, schools and medical infrastructure. Property is fully leased and can be financed! Coolidge has a very strong rental market with increasing demand. Drive by only until inspection period, please do not disturb the tenants.

Details
Contract Info
Current Price: $119,000
Sold Price: $119,000
Status: Closed
List Date: 2019-08-24
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: W45
House Number: 447
Compass: W
Street Name: SEAGOE
St Suffix: Avenue
City/Town Code: Coolidge
State/Province: AZ
Zip Code: 85128
Zip4: 5415
Country: USA
County Code: Pinal
Legal Description (Abbrev): SEAGOE 4TH ADD COOL: LOT 6 BLK 2
Subdivision: SEAGOES FOURTH ADDITION 2
Assessor's Map #: 15
Assessor's Parcel #: 108
Add'l Parcels: No
Assessor Number: 205-15-108
Legal: SEAGOE 4TH ADD COOL: LOT 6 BLK 2
Census Tract: 1000
Tax Municipality: Coolidge
Taxes: 496
Tax Year: 2018
Marketing Name: Profitable Coolidge duple
General Property Description
Lot Size Dimensions: 61 x 150
Year Built: 1914
Uncvrd Parking Spcs: 4
Total # of Units: 2
# of Buildings: 2
Zoning: R-2 RL
Elementary School: West Elementary School
Jr. High School: Coolidge Jr High School
High School: Coolidge High School
Elementary School District: Coolidge Unified District
High School District: Coolidge Unified District
Remarks & Misc
Cross Street: Arizona Blvd (Hwy 87/287) & Coolidge Ave
Directions: Arizona Blvd south to Seagoe, east to property on right
Geo Lat: 32.971114
Geo Lon: -111.522963
Status Change Info
Status Change Date: 2019-10-16
Off Market Date: 2019-10-16
Under Contract Date: 2019-09-01
Close of Escrow Date: 2019-10-15
Sold Price: $119,000
Legal Info
Township: 05S
Range: 08E
Section: 27
Block: 2
Lot Number: 6
Income & Expenses
Annual Ins Exp: 1200
Annual Trash Exp: 350
Annual Wtr/Swr Exp: 300
Owner Association: No
Operating Exp: 2346
Gross Annual Sch Inc: 14880
Vacancy Allowance: 0.01
Adjusted Gross Inc: 14731.2
Totl Mnth Rntal Inc: 1240
Net Operating Income: 14731
Pmt & Rate Info
Cap Rate: 12.38
Down Payment: 119000
Down Payment %: 100
Equity: 119000
1 Bedroom Units
# 1 Bedroom Units: 1
Avg Rent: 600
Avg SqFt: 512
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 640
Avg SqFt: 528
# Baths: 1
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: Duplex
Construction: Frame - Wood
Const - Finish: Painted; Siding
Roofing: Comp Shingle
Floors: Concrete
Sale Includes: Land & Building; Personal Property
Payment Includes: Principal; Interest
Community Amenities: No Pool
Interior Amenities: Unfurnished
Appliances Included: F/S Oven/Range; Refrigerator
Heating: None
Cooling: Electric; Heat Pump; Central A/C; 2 or More Units
Water: Private Franchise
Sewer: Sewer - Public; Sewer-In & Connected
Electric: APS
Gas: None
Parking: >1 Space Per Unit; Free
Roads/Streets: Asphalt
Owner Pays: Trash Collection
Tenant Pays: Water; Electric; Cable TV
Source of Fincl Data: Provided by Owner; Unknown
Special: Incorporated Area
Lockbox Type: None
Existing 1st Loan: Conventional
Existing 1st Ln Type: Fixed
Existing 1st Ln Trms: Non Assumable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: VA; FHA; Conventional; No Carry; 1031 Exchange
Reports/Disclosures: Seller Prop Disc Stm
Environmental: None

Listing Office: RE/MAX A Bar Z Realty

Last Updated: October - 16 - 2019

447 W SEAGOE Avenue, Coolidge, AZ 85128 - MLS# 5970027
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