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Coolidge Casitas 2414-2416 W Coolidge St 9 Unit Apartment Building $2,756,942 CAD ($306,327 CAD/Unit) 6.56% Cap Rate Phoenix, AZ 85015
INVESTMENT HIGHLIGHTS
- Casita Style Designed to Offer a Single Family Living Experience
- Perfectly Positioned East of the I-17, South of Camelback, Offering Unbeatable Access to Phoenix's Major Employment Corridors
- Renovated with In-Suite Washers & Dryers, Quartz Counters, Stainless Steel Appliances, New Flooring, Tile Backsplash, Bathroom Vanities & Tub Surround
EXECUTIVE SUMMARY
CBRE is pleased to announce the exclusive listing of the Coolidge Casitas, a 9-unit single family-style investment opportunity in Phoenix, AZ. Coolidge Casitas presents a rare opportunity to acquire a fully renovated, boutique rental community featuring nine charming casita-style units. Designed to offer a single-family living experience, each unit has been thoughtfully updated with brand-new kitchen cabinets and countertops, stylish new flooring, upgraded bathroom vanities, fresh interior and exterior paint, and in-unit washers and dryers, enhancing both tenant appeal and operational efficiency. Originally built in 1934, the property’s durable masonry construction adds timeless character and stability.
Perfectly positioned just east of the I-17 Freeway and south of Camelback Road, Coolidge Casitas offers unbeatable connectivity to Phoenix’s major transportation arteries. The property is also ideally located near Grand Canyon University, the largest Christian university in the nation with over 100,000 students, providing a strong and consistent demand for quality rental housing.
With its blend of classic architecture, modern upgrades, and strategic location, Coolidge Casitas is an exceptional investment opportunity in one of Phoenix’s most dynamic rental corridors.
Perfectly positioned just east of the I-17 Freeway and south of Camelback Road, Coolidge Casitas offers unbeatable connectivity to Phoenix’s major transportation arteries. The property is also ideally located near Grand Canyon University, the largest Christian university in the nation with over 100,000 students, providing a strong and consistent demand for quality rental housing.
With its blend of classic architecture, modern upgrades, and strategic location, Coolidge Casitas is an exceptional investment opportunity in one of Phoenix’s most dynamic rental corridors.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $2,756,942 CAD | Building Class | C |
| Price Per Unit | $306,327 CAD | Lot Size | 0.83 AC |
| Sale Type | Investment | Building Size | 6,250 SF |
| Cap Rate | 6.56% | Average Occupancy | 95% |
| No. Units | 9 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1934/2024 |
| Property Subtype | Apartment | Parking Ratio | 1.44/1,000 SF |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Zoning | R-3 - Residential | ||
| Price | $2,756,942 CAD |
| Price Per Unit | $306,327 CAD |
| Sale Type | Investment |
| Cap Rate | 6.56% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.83 AC |
| Building Size | 6,250 SF |
| Average Occupancy | 95% |
| No. Stories | 1 |
| Year Built/Renovated | 1934/2024 |
| Parking Ratio | 1.44/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R-3 - Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Washer/Dryer
- Heating
- Kitchen
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Yard
- Dining Room
- Double Pane Windows
- Family Room
- Freezer
- Lawn
- Pantry
- Vinyl Flooring
- Large Bedrooms
- Quartz Countertops
SITE AMENITIES
- Individual Locking Bedrooms
- Private Bathroom
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | $1,389 CAD | 406 |
| 1+1 | 2 | $2,024 CAD | 495 |
| 2+1 | 6 | $2,436 CAD | 741 - 808 |
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PROPERTY TAXES
| Parcel Number | 154-13-041A | Total Assessment | $25,952 CAD |
| Land Assessment | $0 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $0 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
154-13-041A
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$25,952 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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Coolidge Casitas | 2414-2416 W Coolidge St
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