$2,200,000
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SOLD DATE : 08/31/2021
Key Details
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 6257614
Sold Date 08/31/21
Maintenance Fees $3,000
Year Built 1961
Annual Tax Amount $4,406
Tax Year 2020
Lot Dimensions IRR
Source Arizona Regional Multiple Listing Service (ARMLS)
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 Valley
METRO 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 171,000
employees 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 unparalleled
location 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 .
Location
State AZ
County Maricopa
Zoning R4
Interior
Heating Individual, Electric
Cooling Heat Pump
Flooring Other
Appliance Dishwasher, Disposal, FS OvenRange, Refrigerator, Microwave
Exterior
Parking Features Common
Community Features No Pool
Roof Type Foam
Total Parking Spaces 8
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 162-26-024
Acceptable Financing Conventional
Listing Terms Conventional
Financing Cash
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Bought with Non-MLS Office