1707 N 18TH Street, Phoenix, AZ 85006 (MLS# 6298556)

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
Country
US
County Code
Maricopa
Subdivision
MCDOWELL MANORS ANNEX
Assessor Number
117-13-113-A
Tax Year
2021

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

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

Income Expenses

Gross Annual Sch Inc
269440.32
Net Operating Income
76607

Sold Info

Loan Type
Conventional
Loan Years
10
Payment Type
Fixed
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$

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
IDX
Listing Office: Urbanity Properties
Last Updated: March - 27 - 2025
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