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Sold on 12/01/2015

2340 W Coolidge St, Phoenix, AZ 85015

$525,000

Last sold 12/01/2015 after 179 Days

  • 22

    bed

  • 11

    bath

Multi-family not for sale
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About 2340 W Coolidge St

Property type Multi-family
Neighborhood
Year built 1940
HOA fee $0/month
Property description
The Coolidge Apartments are comprised of 2 parcels & 6 buildings, housing (11) 2 BEDROOM units & one studio unit** All individually metered for electricity & ALL with A/C's (most units have newer HVAC's)* The five duplex buildings are ALL 2 bedroom units with updated electrical, individual yards, ATTACHED storage,*TENANT FAVORED PRIVATE driveways & CARPORTS allowing tenants to park RIGHT NEXT TO THEIR UNITS & unload groceries directly into the kitchen! These amenities help keep TURNOVER to a minimum! The current rents are under market as the above features are being overlooked by the management HOWEVER occupancy has always been excellent! Tenants are responsible for their own electric/gas expenses Owner pays water/trash. Buyer to verify ALL items of concern prior to end of due diligence
Listed by
Listing Agent - Lloyd W Kaipainen
Listing Office - Better Homes & Gardens Real Estate SJ Fowler
Source: ARMLS mls logo
MLS#5289978 • last updated 1 year ago
Movoto checked ARMLS for data 8 minutes ago
Overview
Cooling/AC Electric, Heat Pump, Individual
Heating Individual, Heat Pump, Electric
MLS # 5289978
Type Multiple Dwellings
Status Closed
Property Tax 2960
Year Built 1940
Interior
Flooring Carpet, Ceramic Tile, Vinyl
Appliances Free-Standing Range, Refrigerator
Exterior
Roof Composition, Built-Up
Construction Wood Frame, Painted, Stucco, Block
Parking Paved, Assigned, <1 Space Per Unit, Carport
# of Open Parking Spaces 14
# of Covered Spaces 10
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Location
Community Features No Pool
Elementary School District Alhambra Elementary District
High School District Phoenix Union High School District
APN 154-13-039-B
Zoning Multi
Directions West To 23rd Ave, South To Coolidge, West To Property On North Side Of Street. There Are 2 Addresses: 2340 And 2348 W Coolidge.
Multifamily Details
Total # of Units 12
Expense: Operating 34270
Financial Data Source Owner, Projected Proforma
Expense: Maintenance 7519
Expense: Insurance 3253
Net Operating Income 45376
Gross Income 79646
Expense: Other 698
Expense: Professional Management 6369
Expense: Water/Sewer 12471
Gross Scheduled Income 79646
Expense: Gardener 1000
We are not permitted to show value estimates for this property.
  • Dec 2015
    mls logo MLS # 5289978
  • Dec 1, 2015 Sold
    $525,000 (-4.4%)
  • Jun 5, 2015 Listed
    $549,000 (-2.5%)
  • Apr 2015
    mls logo MLS # 5154236
  • Apr 16, 2015 Sold
    $563,000 (-6.0%)
  • Aug 6, 2014 Listed
    $599,000 (+36.1%)
  • Aug 2009
    Public Records
  • Aug 24, 2009 Sold
    $440,000 (-32.3%)
  • Sep 2005
    Public Records
  • Sep 9, 2005 Sold
    $650,000
  • Year Property taxes Tax assessment
  • 2024
    $3,051 -0.5%
    $118,600
  • 2023
    $3,065 +1.6%
    $118,600 +47.0%
  • 2022
    $3,018 -0.9%
    $80,680 +47.68%
  • 2021
    $3,047 +4.0%
    $54,630 +15.37%
  • 2020
    $2,929 +1.3%
    $47,350 +13.33%
  • 2019
    $2,893 +8.3%
    $41,780 +14.15%
  • 2018
    $2,671 +1.3%
    $36,600 +27.08%
  • 2017
    $2,637 +4.4%
    $28,800 +7.42%
  • 2016
    $2,526 +5.7%
    $26,810
  • 2015
    $2,390
    —
  • 2340 W Coolidge St
    $525K
  • Alhambra
    $375K -1% y/y
  • 85015
    $375K -3% y/y
  • Phoenix
    $464K 0% y/y
No chart available
Statistics calculated by Movoto

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1/10
Westwood Primary School
public Grades K-5
Alhambra Elementary District
2/10
Choice Learning Academy
public Grades 6-8
Alhambra Elementary District
3/10
Central High School
public Grades 9-12
Phoenix Union High School District
8/10
Phoenix Coding Academy
public Grades 9-12
Phoenix Union High School District
Source: GreatSchools.org © 2026. All rights reserved.

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