NOT LISTED FOR SALE

1055 N 8th Place Coolidge, AZ 85128

32 Beds
-- Bath
1,560 Sq Ft
1968 Built

Last Sold May 28, 2021

Last sale price $1,750,000 $1,122 Per Sq Ft

13 Days on Market

Highlights

  • Heated Community Pool
  • Central Air
  • Heating Available
  • Resident Manager or Management On Site

About This Home

As of May 2021

24 Unit Apartment Complex fully rented with very low vacancy rates. Property has been very well maintained. 8 two bedroom units and 16 one bedroom units. Complex has 34 parking spaces on site. Laundry facility, and swimming pool. All units are one story. Rents include water, sewer and trash. On site manager has separate unit.
Excellent opportunity for the investor looking for a great cash flow.

Last Agent to Sell the Property

Sue Pittullo

Reata Land License #BR006806000 Listed on: 04/27/2021

Co-Listed By

Roy Pittullo

Reata Land License #BR022119000

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,085

Year Built

  • Built in 1968

Home Design

  • Wood Frame Construction
  • Foam Roof
  • Stucco

Parking

  • 34 Open Parking Spaces
  • 34 Parking Spaces

Schools

  • West Elementary School
  • Coolidge Jr High Middle School
  • Coolidge High School

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Assessor Parcel Number 204-06-039

Community Details

Overview

  • 6 Buildings
  • 24 Units
  • Building Dimensions are 276 X 180
  • Killarney Estates Subdivision

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $33,744
  • Gross Income $195,259
  • Net Operating Income $146,018

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,085

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Cross Street: Vah Ki Inn Rd and Arizona ave
  • Legal Info Range: 08E
  • Property Type: Multiple Dwellings
  • Zoning: R4
  • Number Of Buildings: 6
  • Year Built: 1968
  • Tax Year: 2020
  • Road Surface Type: Asphalt
  • Professional Management Expense: 6500.0
  • Co List Office Mls Id: rela001
  • Co List Office Phone: 520-251-0349
  • Subdivision Name: KILLARNEY ESTATES
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Foam
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Open Parking Spaces: 34.0
  • Total Parking Spaces: 34.0
  • General Property Description:Uncvrd Parking Spcs: 34.0
  • General Property Description:Total Parking Spcs: 34.0
  • Parking:Paved Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Private Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Manager Res/Office, Pool

Association/Amenities

  • Community Amenities:Pool2: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Community Amenities:Manager ResOffice: Yes

Fee Information

  • Annual Fuel Expense: 700.0
  • Trash Expense: 2520.0
  • Annual Water Sewer Expense: 7058.0

Schools

  • Elementary School: West Elementary School
  • High School: Coolidge High School
  • Middle Or Junior School: Coolidge Jr High School

Lot Info

  • Lot Size: 276 X 180
  • Additional Parcels: No
  • Parcel #: 204-06-039

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 24
  • Electric Expense: 2200.0
  • Annual Gross Income: 195259.12
  • Insurance Expense: 7181.0
  • Maintenance Expense: 2500.0
  • Property Net Operating Income: 146018.0
  • Annual Operating Expense: 33744.0
  • Vacancy Allowance Rate: 0.02

Tax Info

  • Tax Annual Amount: 5085.0
  • Tax Book Number: 204.00
  • Tax Lot: 00

Range of Values:

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List Price
Sold Price
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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 List to Sale Price per Sq Ft
05/28/2021 05/28/21 Sold $1,750,000 -0.6% $1,122 / Sq Ft
04/28/2021 04/28/21 Pending -- -- --
04/15/2021 04/15/21 For Sale $1,760,000 -- $1,128 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Sue Pittullo

    Seller's Agent in 2021

    Sue Pittullo

    Reata Land

    (520) 560-0957

    1 in this area

    107 Total Sales

    Sue Pittullo
    Section Image
  • Roy Pittullo

    Seller Co-Listing Agent in 2021

    Roy Pittullo

    Reata Land

    (520) 836-7692

    1 in this area

    6 Total Sales

    Roy Pittullo
    Section Image

  • N

    Buyer's Agent in 2021

    Non-MLS Agent

    Non-MLS Office

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6227176

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Pinal County Coolidge 85128

1055 N 8th Place, Coolidge, AZ

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

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