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The Sevens @ Melrose 777 W Coolidge St 17 Unit Apartment Building For Sale Phoenix, AZ 85013
Investment Highlights
- Completed in 2023, featuring 17 luxury two-bedroom, two-and-a-half-bath townhomes with private yards.
- Modern interiors with quartz countertops, stainless steel appliances, and smart-home technology.
- Prime infill setting minutes from Downtown Phoenix and Camelback Corridor employment hubs.
- Connected location with a Walk Score of 80, Bike Score of 91 and direct access to Valley Metro Light Rail.
- Direct-access two-car garages for every residence; select units equipped with EV charging.
- Strong local demographics and limited competitive townhome supply support long-term growth.
Executive Summary
The Sevens @ Melrose presents an exclusive opportunity to acquire a newly built, luxury townhome community in the heart of Phoenix’s sought-after Melrose District. Completed in 2023, this 17-unit property features spacious two-bedroom, two-and-a-half-bath layouts averaging 1,325 square feet, each with a direct-access two-car garage and private backyard. Designed for ownership-quality living, residences include modern finishes, quartz countertops, stainless steel appliances, smart-home features, and select units with EV charging capability.
Located in a highly walkable neighborhood with a Walk Score of 80 and Bike Score of 91, the property offers immediate access to popular dining, retail, cultural venues, and employment hubs. Its proximity to Downtown Phoenix, the Camelback Corridor, and major transit, including Valley Metro Light Rail, positions Sevens @ Melrose at the nexus of connectivity and lifestyle appeal. With strong demographics and limited new supply in the area, this high-barrier-to-entry asset offers durable income growth potential.
Located in a highly walkable neighborhood with a Walk Score of 80 and Bike Score of 91, the property offers immediate access to popular dining, retail, cultural venues, and employment hubs. Its proximity to Downtown Phoenix, the Camelback Corridor, and major transit, including Valley Metro Light Rail, positions Sevens @ Melrose at the nexus of connectivity and lifestyle appeal. With strong demographics and limited new supply in the area, this high-barrier-to-entry asset offers durable income growth potential.
Financial Summary (Actual - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| 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 |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Sale Type | Investment | Building Size | 22,358 SF |
| No. Units | 17 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2023 |
| Apartment Style | Townhome | Parking Ratio | 0.76/1,000 SF |
| Building Class | B | Opportunity Zone |
Yes
|
| Lot Size | 1.02 AC | ||
| Zoning | 0356 - Apartments... - Apartment | ||
| Sale Type | Investment |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 1.02 AC |
| Building Size | 22,358 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2023 |
| Parking Ratio | 0.76/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | 0356 - Apartments... - Apartment |
Amenities
Unit Amenities
- Microwave
- Ceiling Fans
- Hardwood Floors
- Stainless Steel Appliances
- Walk-In Closets
- Freezer
- Island Kitchen
- Quartz Countertops
Site Amenities
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2.5 | 17 | - | 1,325 |
Moderately walkable
60/100
Very drivable
80/100
Some public transit
50/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 155-37-168 | Improvements Assessment | $0 (2025) |
| Land Assessment | $0 (2025) | Total Assessment | $274,551 (2025) |
Property Taxes
Parcel Number
155-37-168
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$274,551 (2025)
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