2340 Coolidge StPhoenix, AZ 85015

This stabilized multifamily investment property, located at 2340 W Coolidge St, Phoenix, AZ 85015, presents a compelling opportunity. The 7,899 square foot building, constructed in 1966 and fully renovated in 2024, comprises twelve units currently boasting 100% occupancy, generating a strong net operating income (NOI) of $119,560. The property sits on a 3,650 square foot lot and is zoned R-3, allowing for flexibility. With a price of $2,190,000, this represents a price per unit of $182,500 and a price per square foot of $277.25. The property offers a 5.46% cap rate, indicating a solid return on investment. The single-story building is classified as Class C and features a fee simple ownership structure. This is an ideal investment for those seeking a stable, high-occupancy multifamily asset in a thriving Phoenix market. The property's recent renovation ensures minimal immediate capital expenditures, allowing for immediate cash flow. The strong NOI and high occupancy rate provide a secure foundation for long-term growth and appreciation. This is a turnkey investment ready for immediate income generation.