$3,120,000
1545 W Colter Street
Phoenix, AZ 85015
MLS# 5930859
32 beds  |  16 baths


1 Yardz-on-Colter-Exterior
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Property DescriptionFully Renovated, Turn-key Property, Yardz on Colter features 16 units in 4 one-story buildings resting on a 1.21-acre site. Featuring vintage, mid-century modern architecture, the buildings are constructed of concrete block with pitched roofs. All units enjoy a two-bedroom / one-bathroom floorplan. The apartments are individually metered for electricity, hot water, and have individual HVACs. The kitchens are equipped with stainless-steel appliances (refrigerator, microwave, range / oven, and dishwasher), contemporary cabinetry, quartz countertops, tiled backsplash, a garbage disposal, and a stainless-steel sink and faucet. Each unit enjoys vinyl wood-like flooring, ceiling fans, walk-in closets, contemporary bathrooms, interior washer / dryer, modern finishes,
Details
Contract Info
Current Price: $3,050,000
List Price: $3,120,000
Status: Closed
List Date: 2019-05-24
Ownership: Fee Simple
Location, Tax & Legal
Map Code/Grid: N34
House Number: 1545
Compass: W
Street Name: Colter
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85015
Country: US
County Code: Maricopa
Assessor Number: 156-38-018
Tax Year: 2018
General Property Description
Lot Size Dimensions: Unknown
Year Built: 1965
Uncvrd Parking Spcs: 16
Total # of Units: 16
# of Buildings: 4
Zoning: R-3
High School District: Phoenix Union High School District
2 Bedroom Units
# 2 Bedroom Units: 16
Avg Rent: 1350
Avg SqFt: 885
# Baths: 1
Structure
Bedrooms Total: 32
Bathrooms Total: 16
Income & Expenses
Gross Annual Sch Inc: 248,640
Net Operating Income: 192,515
Sold Info
Loan Type: Conventional
Loan Years: 10
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Remarks Misc
Cross Street: Camelback Rd & 15th Ave
Directions: North to Colter Street. West to Property.
Geo Lat: 33.512617
Geo Lon: -112.093147
Status Change Info
Off Market Date: 2019-08-12
Under Contract Date: 2019-08-01
Close of Escrow Date: 2019-10-24
Sold Price: $3,050,000
Legal Info
Lot Number: 5
Property Features
Project Type: 13 - 24 Units
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Other
Sale Includes: Other (See Remarks)
Community Features: Pool
Exterior Amenities: Landscape Water System; Desert Landscaping
Appliances Included: Dishwasher; Disposal; Refrigerator; Free-Standing Range; Washer/Dryer
Heating: Electric; Individual; Central
Cooling: Ceiling Fan(s); Central Air; Individual
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: SRP; Individual Meter
Gas: None
Parking Features: >1 Space Per Unit; Paved; Other
Road Surface Type: Asphalt
Owner Pays: Water; Sewer; Trash Collection
Tenant Pays: Electricity
Source of Fincl Data: Owner
Lockbox Type: None
Existing 1st Loan: Conventional
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Other (See Remarks)
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Conventional; Other (See Remarks)
Environmental: Other (See Remarks)
IDX
Listing Office: ABI Multifamily

Last Updated: January - 30 - 2025

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