$3,150,000
Phoenix, AZ 85008
MLS# 6937073
1 / 16
Property Description
*Loan Assumption Opportunity* Coronado 13 is a charming complex that was originally constructed in 1980 and is of slump-block construction with all units being upgraded. The property features (12) 2-Bed / 1-Bath units & (1) 3-Bed / 1-Bath unit and are 900 sf each. Each apartment features in suite Washer & Dryer, tiled and/or wood-flooring, updated hard surfaces, large walk-in closets, dedicated space for dining table separate from living room and either private back patios or backyards. The community itself features ample covered parking with additional uncovered spaces, large community courtyard and mature landscaping. All units are individually metered for electricity and include in-unit sub-panels. Assuming the attractive in-place financing, reach out to listing agent for details!
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $3,150,000
List Price: $3,150,000
Status: Active
List Date: 2025-10-22
Location, Tax & Legal
Assessor's Map #: 20
Legal Description (Abbrev): ORANGEDALE ESTATES MCR 30-3 LOT 7 EX N 70F OF E 190F & EX E 10F & EX W 25F
Assessor's Parcel #: 9
Assessor Parcel Ltr: D
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 111201
Taxes: 6886
Legal: ORANGEDALE ESTATES MCR 30-3 LOT 7 EX N 70F OF E 190F & EX E 10F & EX W 25F
Marketing Name: Coronado 13
House Number: 1801
Compass: N
Street Name: 50TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85008
Zip4: 4262
County Code: Maricopa
Subdivision: ORANGEDALE ESTATES
Assessor Number: 126-20-009-D
Tax Year: 2024
General Property Description
# of Buildings: 4
Uncvrd Parking Spcs: 12
Lot Size Dimensions: 410ft x 81ft
Total # of Units: 13
Elementary School District: Balsz Elementary District
High School District: Phoenix Union High School District
Year Built: 1980
Zoning: R3
Legal Info
Range: 4E
Section: 32
Township: 2N
Lot Number: 7
Project Type
13 - 24 Units: 1
Construction
Slump Block: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Composition: 1
Built-Up: 1
Floors
Tile: 1
Wood: 1
Ceramic Tile: 1
Other: 1
Sale Includes
Land & Building: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 6886
Other Income: 0
Vacancy Allowance: 0.07
Adjusted Gross Inc: 219993.36
Pmt & Rate Info
Cap Rate: 5.1
Equity: 3250000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Lockbox Type
None: 1
Community Features
No Pool: 1
Other: 1
See Remarks: 1
Heating
Electric: 1
Individual: 1
Cooling
Central Air: 1
Electric: 1
Individual: 1
Exterior Amenities
Landscape Water System: 1
Desert Landscaping: 1
Tenant Pays
Electricity: 1
Appliances Included
Built-In Electric Oven: 1
Microwave: 1
Refrigerator: 1
Washer/Dryer: 1
W/D Hookup: 1
Road Access Type
City Street: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Projected Proforma: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
>1 Space Per Unit: 1
Add'l Parking Avail: 1
Electric
SRP: 1
Individual Meter: 1
Gas
Other (See Remarks): 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
Other (See Remarks): 1
Reports/Disclosures
Other (See Remarks): 1
Environmental
Other (See Remarks): 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 12
Avg Rent: 1450
Avg SqFt: 900
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 1775
Avg SqFt: 1000
# Baths: 1
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Geo Lat: 33.467606
Geo Lon: -111.97327
Income Expenses
Gross Annual Sch Inc: 236552
Net Operating Income: 165753
Property Features
Project Type: 13 - 24 Units
Construction: Slump Block
Const - Finish: Painted; Stucco
Roofing: Composition; Built-Up
Floors: Tile; Wood; Ceramic Tile; Other
Sale Includes: Land & Building
Community Features: No Pool; Other; See Remarks
Exterior Amenities: Landscape Water System; Desert Landscaping
Appliances Included: Built-In Electric Oven; Refrigerator; Microwave; Washer/Dryer; W/D Hookup
Heating: Individual
Cooling: Electric; Individual; Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP; Individual Meter
Gas: Other (See Remarks)
Parking Features: Carport; >1 Space Per Unit; Add'l Parking Avail
Road Access Type: City Street
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity
Source of Fincl Data: Projected Proforma
Lockbox Type: None
New Financing: Other (See Remarks)
Environmental: Other (See Remarks)
Listing Office: ABI Multifamily
Last Updated: December - 10 - 2025
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