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325 W Colter Street

Phoenix, AZ 85013
  • $2,200,000
  • STATUS: Active
  • ID#: 6257614
UPDATED: 59 min ago
$2,200,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1961
County:
Area:

School Ratings & Info

Description

C O LT E R is a eight-unit apartment community located northwest of the intersection of Central Avenue and Camelback Road, one-half mile from a ValleyMETRO Light Rail station, offering outstanding connectivity to the growing lifestyle and economic opportunities of Midtown & Downtown Phoenix. Positioned near the northern boundary of Midtown Phoenix, Colter has access to approximately  171,000employees housed at companies such as Freeport McMoRan, Bank of America, and IBM Corporation among others as well as a number of award-winning medical centers including Dignity Health and Banner Health-led facilities. The property's unparalleledlocation is greatly enhanced by proximity to several incoming developments, including The Central Park, Creighton Medical School, and Astra Phoenix,which will impact the economic and academic trajectory of this innovative region immensely. Additionally, Colter maintains walkability to several nearby dining hotspots, such as Windsor and Postino, as well as Uptown Plaza, a collection of local favorite retail and dining anchored by AJ's Fine Foods. Developed in 1961, Colter is comprised of 100% two bedroom floorplans - all units averaging 850 square feet. Future ownership will have the opportunity to upgrade 2 classic interiors with an associated renovation premium of $150 per month .

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© 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Keller Williams Southern Arizona - The Josh Berkley Team. Data last updated 2021-07-26T14:12:16.093.
www.joshberkley.com/homes/118834744
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325 W Colter Street Phoenix, AZ 85013

  • Price: $2,200,000
  • Status: Active
  • Updated: 59 min ago
  • ID#: 6257614
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1961
Built
County:
Maricopa
Area:
Phoenix
School District:
038 - Madison Elementary District
Property Description
C O LT E R is a eight-unit apartment community located northwest of the intersection of Central Avenue and Camelback Road, one-half mile from a ValleyMETRO Light Rail station, offering outstanding connectivity to the growing lifestyle and economic opportunities of Midtown & Downtown Phoenix. Positioned near the northern boundary of Midtown Phoenix, Colter has access to approximately  171,000employees housed at companies such as Freeport McMoRan, Bank of America, and IBM Corporation among others as well as a number of award-winning medical centers including Dignity Health and Banner Health-led facilities. The property's unparalleledlocation is greatly enhanced by proximity to several incoming developments, including The Central Park, Creighton Medical School, and Astra Phoenix,which will impact the economic and academic trajectory of this innovative region immensely. Additionally, Colter maintains walkability to several nearby dining hotspots, such as Windsor and Postino, as well as Uptown Plaza, a collection of local favorite retail and dining anchored by AJ's Fine Foods. Developed in 1961, Colter is comprised of 100% two bedroom floorplans - all units averaging 850 square feet. Future ownership will have the opportunity to upgrade 2 classic interiors with an associated renovation premium of $150 per month .
Exterior Features

Construction BrickSlump Block Construction Finish Painted Covered Parking Spaces 0.00 Exterior Amenities Cable Tv AvailableDesert LandscapingPartially FencedPatio/Balcony Lot Size Dimensions Irr Parking >1 Space Per UnitAssignedCarportPaved Parking Roads AlleyAsphalt Roofing Foam

Interior Features

1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 0 2 Bedroom Unit Avg Sq Ft 850 2 Bedroom Units Baths 1 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included DishwasherDisposalF/S Oven/RangeMicrowaveRefrigerator Cooling Heat Pump Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors CarpetCeramic TileOther (See Remarks) Heating ElectricIndividual Interior Amenities Unfurnished

Property Features

1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 1166.00 2 Bedroom Units 8 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 108087.20 Annual Ins Exp 3200.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 1090.00 Annual Legal And Acctg 1600.00 Annual Maint Exp 3000.00 Annual Mgmt Exp 5353.00 Annual Other Expense 1800.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 1600.00 Annual Wtr Swr Exp 7402.00 Community Amenities No Pool Cross Street Central And Camelback Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric ApsIndividual Meter Gas Sw Gas Gross Annual Sch Inc 111936.00 Hoa YN No Net Operating Income 77535.00 New Financing Conventional Operating Exp 29451.00 Other Income 1840.00 Owner Pays Cable TvGasLandscapingSewerTrash CollectionWater Project Type 5 - 12 Units Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Provided By Owner Tax Municipality Phoenix Taxes 4406.00 Tenant Pays Electric Vacancy Allowance 0.05 Water City Franchise Zoning R4

Listing courtesy of Corcoran Platinum Living.


© 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Keller Williams Southern Arizona - The Josh Berkley Team. Data last updated 2021-07-26T14:12:16.093.
 
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