736 W Coolidge St Phoenix, AZ 85013

Rare opportunity to own one of the most affordable homes with a guest house and a basement! Welcome to Income Acres nestled perfectly in the renown Melrose District! This home boasts nostalgic charm being the original farmhouse for this neighborhood in 1920. The farm was subdivided into neighboring homes in the 1950s. This home retains many of its original charming touches but has been tastefully upgraded. Stepping back in time you will be greeted with a cozy entryway, with arched doorways and recessed niche perfect for decor. The main home is a 3 bed 1.5 bath (1,490 sq ft), and the guest house (separately metered) 2 bed 1 bath (725 sq ft) total of 2,215, or you can revert the guest house back and modify to one large home.This property is Zoned for 3 units so additional unit can be added The living room is perfectly positioned, casting a cool breeze and warm rays of sunlight through the original windows. Coved ceilings and new wood laminate flooring throughout gives this home a larger yet modern feel. No lack of storage in this home when you have a basement (root cellar), built-in drawers and closets. Each bedroom is spacious and offers plenty of closet space and offers a new custom sliding barn doors in one of the bedrooms. The hall bath has been fully remodeled with all glass frameless shower door, tile backsplash in the shower, new vanity with modern sink and hardware. Enjoy entertaining your guests in the eat-in kitchen perfect gatherings with space for a large or bistro table. Cozy up to the breakfast bar, while cooking in your updated kitchen offering; stainless steel refrigerator and gas stove, white dishwasher and bright white cabinets with plenty of counter space. Laundry room has cabinets and includes wet sink plumbing. Enjoy a nice beverage on the front porch where you can see perfect views of the sunrise and sunset. Great viewing spot for the 4th of July fireworks at Indian Steele Park! Easy maintenance desert landscape in the front yard. The 2 bed 1 bath guest house is a great income cash flow generating rental property/AirBNB or private space for an office, art studio or gym/yoga space!! The possibilities are endless. The large backyard includes tangerine citrus trees. Enjoy the benefits of a new furnace in 2016, new A/C unit installed 3 years ago, new hot water heater in 2017. The driveway is double wide and accommodates space for multiple cars. Melrose Woodlea District, this one mile stretch of Seventh Avenue between Indian School and Camelback roads. The area is peppered with bars, casual independent restaurants, and vintage, thrift and antique shops. The popular, gradual east leaning curve on Seventh Avenue from Heatherbrae Drive to Turney Avenue, makes the area especially unique in a city of right-angled streets. There is an abundance of vintage shopping, restaurant, theatre venues, and nightlife opportunities abound Midtown Phoenix. There are also retail destinations such as the Camelback Colonnade and Biltmore Fashion Park situated within close proximity. This home is minutes to Phoenix Children's Hospital, Banner University Medical Center Phoenix, St. Joseph's Hospital Medical Center, VA Hospital, Phoenix College, walking distance to the Metro light rail, Alta Vista Animal Hospital, Rollover Donuts, Copper Star Coffee, Modern Manor, Sprouts Farmers Market, Starbucks, Safeway, Jamba Juice, Jersey Mike's, Orange Theory Fitness, the popular & swanky Clarendon Hotel, Heard Museum, Phoenix Art Museum, Phoenix Country Club and the largest oasis park in Arizona Encanto Park! North High School and St. Mary's Catholic High school nearby. Minutes drive to Downtown Phoenix, Sky Harbor International Airport, and 51, I-10, I 17, 202 loop Freeway access. There are plenty of recreational activities at the local parks, as well as the sprawling Phoenix Mountains Preserve just a short drive away. Call to see one of the most affordable homes near Melrose today!