Ground-Level Residential Income
For Sale
$319,500
170 E CORONADO Road #62, Phoenix, AZ 85004
Two private patios and a one-car garage complement a ground-floor layout in a community with two pools.
Property Size1,300 SF
Days on Market40
Property Features for 170 E CORONADO Road #62
General Information
Standard status
Active
Size
1,300 SF
Total Parking Spaces
1
Property subtype
Apartment
Site & Location
Neighborhood
Encanto
Public Transit
Yes
Additional Details
Multifamily Units
1
Amenities
pool
heated pool
private patio
in-unit laundry
landscaped grounds
Building Details
Building Size
1,300 SF
Year Built
1957
Stories
1
Construction
Mid-Century
Listing Agency:
HomeSmart
Listed By:
Malgorzata Baker · License #SA550283000
(480) 242-1778
Source:
Southquest.kw
Added: Sep 25
Changed: Oct 28
Last Checked: Nov 1 at 2:21AM
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 HomeSmart
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Investment Insights
Based on property information with market context.
This ground-level condominium at Villa del Coronado has two bedrooms, two bathrooms, a living and dining area, and a kitchen with vintage finishes. Windows and sliding glass doors at the front and rear bring in natural light. The primary suite opens to a private patio, and a second patio provides another outdoor area. Laminate and tile flooring run throughout, and the permitted interior laundry includes a washer and dryer. A one-car garage is included, with designated guest parking also available.
Built in 1957, the community is listed on the National Register of Historic Places. Shared grounds include mature shade trees, grassy areas, and two pools, one of them heated. The home is near Phoenix cultural venues, museums, medical centers, dining, and shops. Burton Barr Central Library is less than a mile away, and light rail is approximately half a mile from the property. HOA fees cover utilities, property taxes, and exterior maintenance. Cash purchase only; financing is not available.
Built in 1957, the community is listed on the National Register of Historic Places. Shared grounds include mature shade trees, grassy areas, and two pools, one of them heated. The home is near Phoenix cultural venues, museums, medical centers, dining, and shops. Burton Barr Central Library is less than a mile away, and light rail is approximately half a mile from the property. HOA fees cover utilities, property taxes, and exterior maintenance. Cash purchase only; financing is not available.
Key Highlights
- Built in 1957; Villa del Coronado is listed on the National Register of Historic Places
- Ground‑level unit with two bedrooms, two bathrooms, and front and rear patios
- Community has two pools, including one heated pool
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,163
Cap Rate
4.75%
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 4.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$393.8K
$344.6K – $459.4K
NOI $27,565 @ 7.0% cap · market cap 8.63%
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
Frequently Asked Questions
What type of property is this?
Residential income property - Two private patios and a one-car garage complement a ground-floor layout in a community with two pools.
Where is this residential income property located?
The property is located at 170 E CORONADO Road #62 Phoenix, AZ.
What is the asking price?
The asking price for this property is $319,500.
What are key features of this property?
This property features: Built in 1957; Villa del Coronado is listed on the National Register of Historic Places; Ground‑level unit with two bedrooms, two bathrooms, and front and rear patios; Community has two pools, including one heated pool
