1545 W COLTER Street, Phoenix, AZ 85015
$1,525,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$1,525,000
Last Modified:
8/06/2021
Overview
Description
Listing Details MLS# 5675909
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
- Zip4
- 3056
- Country
- US
- County Code
- Maricopa
- Subdivision
- NILE TRACT BLK 2
- Assessor Number
- 156-38-018
- Tax Year
- 2017
- Assessor's Map #
- 38
- Legal Description (Abbrev)
- LOT 5 BLOCK 4 NILE TRACT BLK 2 MCR 001409
- Assessor's Parcel #
- 18
- Add'l Parcels
- No
- Tax Municipality
- Phoenix
- Census Tract
- 107400
- Taxes
- 5198
- Legal
- LOT 5 BLOCK 4 NILE TRACT BLK 2 MCR 001409
- Marketing Name
- Colter Gardens
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- 166x315
- Year Built
- 1965
- Uncvrd Parking Spcs
- 13
- Total # of Units
- 16
- # of Buildings
- 4
- Zoning
- R-3
- Elementary School District
- Osborn Elementary District
- High School District
- Phoenix Union High School District
Remarks Misc
- Cross Street
- 15th Ave & Camelback Rd
- Directions
- North on 15th Ave, West on Colter St to property on South side of street.
Status Change Info
- Off Market Date
- 2018-06-11
- Under Contract Date
- 2018-04-09
- Close of Escrow Date
- 2018-06-29
Legal Info
- Township
- 2N
- Range
- 3E
- Section
- 18
- Block
- 4
- Lot Number
- 5
More Information
Income Expenses
- Gross Annual Sch Inc
- 148800
- Net Operating Income
- 95760
2 Bedroom Units
- # 2 Bedroom Units
- 16
- Avg Rent
- 671
- Avg SqFt
- 885
- # Baths
- Yes
Sold Info
- Loan Type
- Conventional
- Payment Type
- Other
- Closing Cost Split
- Normal - N
- Buyer Concession $/%
- %
- Seller Concession $/%
- %
- Buyer Concession to Seller
- 0
- Seller Concession to Buyer
- 0
Project Type
- 13 - 24 Units
- Yes
Construction
- Block
- Yes
- Wood Frame
- Yes
Const - Finish
- Painted
- Yes
Roofing
- Other
- Yes
Floors
- Other
- Yes
Sale Includes
- Land & Building
- Yes
Income & Expenses
- Annual Elec Exp
- 0
- Annual Gas Exp
- 0
- Annual Ins Exp
- 0
- Annual Land Lse Exp
- 0
- Annual Landscape Exp
- 0
- Annual Legal & Acctg
- 0
- Annual Maint Exp
- 0
- Annual Mgmt Exp
- 0
- Annual Trash Exp
- 0
- Annual Wtr/Swr Exp
- 0
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Annual PAD Fee
- 0
- Annual Rplcmnt Rsrvs
- 0
- Annual Other Expense
- 52471
- Operating Exp
- 57669
- Other Income
- 13483
- Vacancy Allowance
- 0.05
- Adjusted Gross Inc
- 154168.85
Pmt & Rate Info
- Cap Rate
- 6.05
- Down Payment
- 0
- Equity
- 1584000
- Down Payment %
- 0
- Monthly Payments
- 0
- Total Owed
- 0
- Assessment Balance
- 0
Community Features
- Pool
- Yes
- Other
- Yes
- See Remarks
- Yes
Heating
- Other
- Yes
- See Remarks
- Yes
Cooling
- Other
- Yes
- See Remarks
- Yes
Tenant Pays
- Electricity
- Yes
- Other (See Remarks)
- Yes
Appliances Included
- Other
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Projected Proforma
- Yes
Water Source
- Master Meter
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- Other
- Yes
Electric
- SRP
- Yes
Gas
- Other (See Remarks)
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Trash Collection
- Yes
- Landscaping
- Yes
- Pool Maintenance
- Yes
- Other
- Yes
- See Remarks
- Yes
New Financing
- Conventional
- Yes
- 1031 Exchange
- Yes
- Other (See Remarks)
- Yes
Existing 1st Loan
- Other (See Rmks)
- Yes
Existing 1st Loan Type
- Not Applicable
- Yes
Existing 1st Loan Terms
- Not Applicable
- Yes
Existing 2nd Loan
- Other (See Remarks)
- Yes
Existing 2nd Loan Type
- Not Applicable
- Yes
Existing 2nd Loan Terms
- Not Applicable
- Yes
Existing 3rd Loan
- Other (See Remarks)
- Yes
Existing 3rd Loan Type
- Not Applicable
- Yes
Reports/Disclosures
- None
- Yes
Existing 3rd Loan Terms
- Not Applicable
- Yes
Environmental
- None
- Yes
Existing Othr Ln Trm
- Not Applicable
- Yes
Efficiency Units
- Avg Rent
- 0
1 Bedroom Units
- Avg Rent
- 0
3 Bedrooms Units
- Avg Rent
- 0
4 Bedrooms Units
- Avg Rent
- 0
Property Features
Project Type:
13 - 24 Units
Construction:
Block; Wood Frame
Const - Finish:
Painted
Roofing:
Other
Floors:
Other
Sale Includes:
Land & Building
Community Features:
Pool; Other; See Remarks
Appliances Included:
Other
Heating:
Other; See Remarks
Cooling:
Other; See Remarks
Water Source:
Master Meter
Sewer:
Sewer - Public
Electric:
SRP
Gas:
Other (See Remarks)
Parking Features:
Other
Road Surface Type:
Asphalt
Owner Pays:
Water; Trash Collection; Landscaping; Pool Maintenance; Other; See Remarks
Tenant Pays:
Electricity; Other (See Remarks)
Source of Fincl Data:
Projected Proforma
Existing 1st Loan:
Other (See Rmks)
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; 1031 Exchange; Other (See Remarks)
Environmental:
None
Listing Office:
ABI Multifamily
Last Updated: August - 06 - 2021
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