1707 N 18TH Street, Phoenix, AZ 85006
$4,515,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $4,515,000 Last Modified: 3/27/2025
Overview
Description
THE CORONADO 19 is a newly renovated 19-unit multifamily complex with (2) Studios, (9) 1-Bedroom/1-Bath units and (8) 2-Bedroom/1-Bath units just outside the Coronado Historic District. Built
in 1960, The Coronado 19 consists of approximately 13,300 sq ft of rental space. All units are fully renovated with new cabinets, granite countertops, flooring, stainless steel appliances, dual pane windows and in-suite washer/dryers. The property has been updated with all new electric panels and wiring, new sewer lines and plumbing. A new pool was installed that can be used year round. All units are individually metered for electricity. The property is centrally located in Phoenix with easy access to the 51 freeway. This property is within 5 miles of downtown phoenix, Arcadia, Biltmore, etc.
Listing Details MLS# 6298556
Location, Tax & Legal
- Map Code/Grid
- P35
- House Number
- 1707
- Compass
- N
- Street Name
- 18TH
- St Suffix
- Street
- City/Town Code
- Phoenix
- State/Province
- AZ
- Zip Code
- 85006
- Zip4
- 2305
- County Code
- Maricopa
- Subdivision
- MCDOWELL MANORS ANNEX
- Assessor Number
- 117-13-113-A
- Tax Year
- 2021
- Assessor's Map #
- 13
- Legal Description (Abbrev)
- LOT 15 BLOCK 9 MCDOWELL MANORS ANNEX MCR 003344
- Assessor's Parcel #
- 113
- Assessor Parcel Ltr
- A
- Add'l Parcels
- No
- Tax Municipality
- Maricopa - COUNTY
- Census Tract
- 111602
- Taxes
- 6282
- Legal
- LOT 15 BLOCK 9 MCDOWELL MANORS ANNEX MCR 003344
- Marketing Name
- The Coronado 19
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- 0.062
- Year Built
- 1960
- Uncvrd Parking Spcs
- 14
- Total # of Units
- 19
- # of Buildings
- 3
- Zoning
- R-4
- Elementary School District
- Creighton Elementary District
- High School District
- Phoenix Union High School District
- Elementary School
- Excelencia School
- Jr. High School
- Phoenix Coding Academy
- High School
- North High School
Remarks Misc
- Cross Street
- McDowell Rd & 16th St
- Directions
- Head east on E McDowell Rd, North on N 18th St. Property will be on the right at the corner of Coronado St & 18th St.
Status Change Info
- Off Market Date
- 2022-01-03
- Under Contract Date
- 2021-12-26
- Close of Escrow Date
- 2022-02-28
Legal Info
- Township
- 2N
- Range
- 3E
- Section
- 34
- Block
- 9
- Lot Number
- 15
More Information
Income Expenses
- Gross Annual Sch Inc
- 269440.32
- Net Operating Income
- 76607
Efficiency Units
- # Efficiency Units
- 2
- Avg Rent
- 879.28
- Avg SqFt
- 300
- # Baths
- Yes
1 Bedroom Units
- # 1 Bedroom Units
- 9
- Avg Rent
- 1123.6
- Avg SqFt
- 700
- # Baths
- Yes
2 Bedroom Units
- # 2 Bedroom Units
- 8
- Avg Rent
- 1322.87
- Avg SqFt
- 800
- # Baths
- Yes
Sold Info
- Loan Type
- Conventional
- Loan Years
- 10
- Payment Type
- Fixed
- Closing Cost Split
- Normal - N
- Buyer Concession $/%
- $
- Seller Concession $/%
- $
- Buyer Concession to Seller
- 0
- Seller Concession to Buyer
- 0
Project Type
- 13 - 24 Units
- Yes
Construction
- Block
- Yes
Const - Finish
- Painted
- Yes
Roofing
- Composition
- Yes
Floors
- Vinyl
- Yes
Sale Includes
- Land & Building
- Yes
- Personal Property
- Yes
Income & Expenses
- Annual Elec Exp
- 3958.82
- Annual Gas Exp
- 145.4
- Annual Ins Exp
- 8744
- Annual Land Lse Exp
- 0
- Annual Landscape Exp
- 5000
- Annual Legal & Acctg
- 0
- Annual Maint Exp
- 10000
- Annual Mgmt Exp
- 14820
- Annual Trash Exp
- 5422.4
- Annual Wtr/Swr Exp
- 5422.4
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Annual PAD Fee
- 0
- Annual Rplcmnt Rsrvs
- 0
- Annual Other Expense
- 0
- Operating Exp
- 59795.02
- Other Income
- 0
- Vacancy Allowance
- 0.05
- Adjusted Gross Inc
- 255968.3
Pmt & Rate Info
- Cap Rate
- 1.67
- Equity
- 4600000
- Down Payment %
- 0
- Monthly Payments
- 0
- Total Owed
- 0
Showing Notification Methods
- Phone Call
- Yes
Lockbox Type
- None
- Yes
Community Features
- Pool
- Yes
- Barbecue
- Yes
Heating
- Electric
- Yes
- Individual
- Yes
Cooling
- Electric
- Yes
Exterior Amenities
- Patio/Balcony
- Yes
Interior Features
- Unfurnished
- Yes
- Fire/Smoke Alarm(s)
- Yes
- Mini Blinds
- Yes
Tenant Pays
- Electricity
- Yes
- Cable TV
- Yes
Appliances Included
- Dishwasher
- Yes
- Disposal
- Yes
- Microwave
- Yes
- Refrigerator
- Yes
- Free-Standing Range
- Yes
- Washer/Dryer
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Owner
- Yes
Water Source
- City Franchise
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- Carport
- Yes
- 1 Space/Unit
- Yes
Electric
- APS
- Yes
Gas
- SW Gas
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Gas
- Yes
- Trash Collection
- Yes
- Landscaping
- Yes
- Pool Maintenance
- Yes
New Financing
- Conventional
- Yes
- No Carry
- Yes
- 1031 Exchange
- Yes
Existing 1st Loan
- Treat as Free&Clear
- Yes
Existing 1st Loan Type
- Not Applicable
- Yes
Existing 1st Loan Terms
- Non Assumable
- Yes
Existing 2nd Loan
- Treat as Free&Clear
- Yes
Existing 2nd Loan Type
- Not Applicable
- Yes
Existing 2nd Loan Terms
- Not Applicable
- Yes
Existing 3rd Loan
- Treat as Free&Clear
- Yes
Existing 3rd Loan Type
- Not Applicable
- Yes
Reports/Disclosures
- Seller Prop Disc Stm
- Yes
Existing 3rd Loan Terms
- Not Applicable
- Yes
Environmental
- None
- Yes
Existing Othr Ln Trm
- Not Applicable
- Yes
3 Bedrooms Units
- Avg Rent
- 0
4 Bedrooms Units
- Avg Rent
- 0
Property Features
Project Type: 13 - 24 Units Construction: Block Const - Finish: Painted Roofing: Composition Floors: Vinyl Sale Includes: Land & Building; Personal Property Community Features: Pool; Barbecue Exterior Amenities: Patio/Balcony Interior Features: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer Heating: Individual Cooling: Electric Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: SW Gas Parking Features: Carport; 1 Space/Unit Road Surface Type: Asphalt Owner Pays: Water; Gas; Trash Collection; Landscaping; Pool Maintenance Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner Showing Notification Methods: Phone Call Lockbox Type: None Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Non Assumable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Conventional; No Carry; 1031 Exchange Environmental: None
Listing Office: Urbanity Properties
Last Updated: March - 27 - 2025
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