Two-Bedroom Cooperative
170 E CORONADO Road 63, Phoenix, AZ 85004
For Sale
$290,000
Updated interior with private outdoor areas, in-unit laundry, and access to community pools and landscaped grounds.
Property Size1,300 SF
Price / SF$223.08
Days on Market141
Property Features for 170 E CORONADO Road 63
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Public Transit
Units
Unit Mix
Multifamily Units
Amenities
two swimming pools
landscaped courtyards
expansive lawns
mature shade trees
in-unit laundry
private patios
custom window coverings
Building Details
Building Size
Year Built
Year Renovated
Construction
Listing Agency:
Monte Vista Realty
Listed By:
Nicolas Capaz
(602) 791-6011
Source:
Alexiabertsatos
Added: Jun 22
Changed: Nov 8
Last Checked: Nov 8 at 4:27PM
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
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Investment Insights
Based on property information with market context.
This approximately 1,300-square-foot cooperative residence has 2 bedrooms, 2 bathrooms, an open floor plan, and two private patios. A 2025 kitchen renovation added Electrolux induction cooking, Corian counters, glass backsplashes, recessed lighting, an upgraded electrical panel, refinished cabinets, and a built-in Sub-Zero under-counter refrigerator/freezer. Other features include red oak flooring, updated bath finishes, full-size in-unit laundry, and one garage parking space in a shared two-car garage; designated guest parking is also available.
Villa del Coronado was built in 1957 and is listed on the National Register of Historic Places. Community amenities include two pools, one heated, along with landscaped courtyards, lawns, and mature shade trees. The cooperative requires 12 months of initial owner occupancy. Short-term rentals are prohibited; long-term rentals may be allowed with HOA approval, subject to a seven-unit cap. Purchase is limited to cash or seller financing; traditional mortgage financing is unavailable. Seller-financing terms require negotiation and approval. The property is in Midtown Phoenix, with access to light rail and nearby cultural and educational institutions.
Villa del Coronado was built in 1957 and is listed on the National Register of Historic Places. Community amenities include two pools, one heated, along with landscaped courtyards, lawns, and mature shade trees. The cooperative requires 12 months of initial owner occupancy. Short-term rentals are prohibited; long-term rentals may be allowed with HOA approval, subject to a seven-unit cap. Purchase is limited to cash or seller financing; traditional mortgage financing is unavailable. Seller-financing terms require negotiation and approval. The property is in Midtown Phoenix, with access to light rail and nearby cultural and educational institutions.
Key Highlights
- Approximately 1,300 square feet with 2 bedrooms and 2 bathrooms
- 2025 kitchen renovation includes Electrolux induction cooking and a built‑in Sub‑Zero under‑counter refrigerator/freezer
- Two private patios and full‑size in‑unit laundry
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
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
Market
Properties on Market for Residential income properties in Phoenix
Frequently Asked Questions
What type of property is this?
Residential income property - Updated interior with private outdoor areas, in-unit laundry, and access to community pools and landscaped grounds.
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: Approximately 1,300 square feet with 2 bedrooms and 2 bathrooms; 2025 kitchen renovation includes Electrolux induction cooking and a built‑in Sub‑Zero under‑counter refrigerator/freezer; Two private patios and full‑size in‑unit laundry
