Updated Residential Income
For Sale
$290,000
170 E CORONADO Road 63, Phoenix, AZ 85004
Historic cooperative residence with modernized interiors, private garage access, and community pools in Midtown Phoenix.
Property Size1,300 SF
Price / SF$223.08
Days on Market134
Property Features for 170 E CORONADO Road 63
General Information
Standard status
Active
Size
1,300 SF
Total Parking Spaces
1
Property subtype
Apartment
Site & Location
Neighborhood
Encanto
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Amenities
two swimming pools
landscaped courtyards
in-unit washer/dryer
Building Details
Building Size
1,300 SF
Year Built
1957
Year Renovated
2025
Construction
Mid-Century Modern
Listing Agency:
Monte Vista Realty
Listed By:
Nicolas Capaz
(602) 791-6011
Source:
Alexiabertsatos
Added: Jun 22
Changed: Nov 2
Last Checked: Nov 1 at 1:57PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Monte Vista Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Unit 63 is a 2-bedroom, 2-bath residence within Villa del Coronado, a cooperative community developed in 1957 and listed on the National Register of Historic Places. The approximately 1,300-square-foot home features an open loft-style layout, red oak flooring, updated lighting, custom window coverings, remodeled bath finishes, and insulated tempered glass doors. A 2025 kitchen renovation added Electrolux induction cooking, Corian counters, tempered glass backsplashes, recessed lighting, an upgraded electrical panel, refinished cabinetry, a built-in Sub-Zero under-counter refrigerator/freezer, and a new connection to the living room. The residence also includes a full-size washer and dryer and a private garage space.
Community amenities include landscaped courtyards and two swimming pools, with one heated for year-round use. The HOA fee covers electricity, gas, water, sewer, trash collection, and property taxes. Owner occupancy is required, and short-term rentals are not permitted. Villa del Coronado is near the Phoenix Theatre Company, Phoenix Art Museum, Heard Museum, Japanese Friendship Garden, Arizona State University, and Encanto Light Rail Station.
Community amenities include landscaped courtyards and two swimming pools, with one heated for year-round use. The HOA fee covers electricity, gas, water, sewer, trash collection, and property taxes. Owner occupancy is required, and short-term rentals are not permitted. Villa del Coronado is near the Phoenix Theatre Company, Phoenix Art Museum, Heard Museum, Japanese Friendship Garden, Arizona State University, and Encanto Light Rail Station.
Key Highlights
- 2‑bedroom, 2‑bath residence with approximately 1,300 square feet
- 2025 kitchen renovation with Electrolux induction cooking and Sub‑Zero under‑counter refrigerator/freezer
- Private garage space and in‑unit full‑size washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,163
Cap Rate
5.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$303,260
$303.3K
Cap Rate 7%
$216,614
$216.6K
Cap Rate 9%
$168,478
$168.5K
Market Conditions
NOI Build-Up for 1,300 SF
Gross rent
$29.3K $22.56/SF
− Vacancy
−$1.8K −$1.35/SF
EGI
$27.6K $21.21/SF
− OpEx
−$12.4K −$9.54/SF
NOI
$15.2K $11.66/SF
Area
Phoenix, AZ
Vacancy
6.00%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$303,260
Cap Rate 7%
$216,614
Cap Rate 9%
$168,478
Alternative Uses
Best Use
Apartment 5plus
$216.6K
$189.5K – $252.7K
NOI $15,163 @ 7.0% cap · market cap 5.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$393.8K
$344.6K – $459.4K
NOI $27,565 @ 7.0% cap · market cap 9.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,206
Businesses Nearby
Explore this area
Business Placement
Demographics for 85004, AZ
8,833
Population
6,455
Households
1.4
Avg Household Size
32
Median Age
59%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
4,206
Density / Sq Mi
$71,250
Median Household Income
$46,376
Median Earnings
$1,759
Median Rent
$365,500
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Historic cooperative residence with modernized interiors, private garage access, and community pools in Midtown Phoenix.
Where is this residential income property located?
The property is located at 170 E CORONADO Road 63 Phoenix, AZ.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: 2‑bedroom, 2‑bath residence with approximately 1,300 square feet; 2025 kitchen renovation with Electrolux induction cooking and Sub‑Zero under‑counter refrigerator/freezer; Private garage space and in‑unit full‑size washer and dryer
