$3,050,000
1545 W Colter Street
Phoenix, AZ 85015
MLS# 5930859
Status: Closed
32 beds  |  16 baths
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Property Description
Fully 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
Sold Price: $3,050,000
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
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
Income Expenses
Gross Annual Sch Inc: 248640
Net Operating Income: 192515
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: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Washer/Dryer
Heating: Individual; Central
Cooling: Ceiling Fan(s); Individual; Central Air
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; 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)
Supplements
new windows and doors, and a spacious, private gated patio. Tenants enjoy the use of a community swimming pool with pool furniture, a spacious yard with gazebo, some additional storage, a resurfaced parking lot, and covered parking. Yardz on Colter Apartments is a 16-unit, garden-style apartment community located in the Opportunity Zone in Phoenix, AZ. The property's convenient location provides residents with direct access to all areas of the Valley by way of Interstate 17 and the Valley Metro Light Rail. There are numerous dining, shopping, and entertainment options within proximity to the property including Olive Garden, Costco, and Harkins Theatres. The Central Corridor of Uptown, Midtown, and Downtown, along with Grand Canyon University, provide many employment and education opportunities convenient to the property.
IDX
Listing Office: ABI Multifamily

Office Phone: 602-714-1400

Last Updated: January - 30 - 2025

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