$575,000

Description

Don't miss this charming and versatile 3-bedroom, 2-bath home nestled in the highly sought-after Melrose District -- one of Phoenix's most vibrant and walkable neighborhoods. Built in 1946 and sitting on a generous 8,775 sq. ft. lot, this well-cared-for, stylishly appointed home features an open kitchen-to-family-room layout with white cabinets, quartz countertops, subway tile backsplash, and a separate dining area. Fresh inside and out with a brand new paint job throughout the interior and exterior, plus a new water heater. Covered patios on both the front and back of the home make outdoor living easy, while generously sized bedrooms and an extra sitting area offer flexible space for any lifestyle. This property has proven itself as a successful long-term and short-term rental, making it a turnkey investment opportunity from day one. And the upside doesn't stop there -- zoned R-3 Multifamily, this lot offers the potential to build a second unit, a triplex, or additional structures, giving savvy investors or owner-occupants exceptional room to grow. Walking distance to popular Melrose District restaurants and shops, and close to the light rail -- the location checks every box for tenants and buyers alike. Whether you're looking for a move-in ready home, a proven rental, or a development play, 755 W Coolidge Ave delivers on all fronts.