$760,000
1648 W COLTER Street
Phoenix, AZ 85015
MLS# 5951316
Status: Closed

7 Door Apartment Building 01
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7 Door Apartment Building 01 Door Apartment Building 02 7 Door Apartment Building 03 Exterior NE SFR 01 Exterior NE SFR 02 Exterior NE SFR 03 Exterior NE SFR 04 SE SFR 01 Metal Shed Interior NE SFR 01 Interior NE SFR 02 Interior NE SFR 03 Interior NE SFR 04 Interior NE SFR Bed 1 Interior NE SFR Bath 1 Interior NE SFR Bed 2 Interior NE SFR Bath 2 Interior NE SFR Bed 3 Interior NE SFR Bed 4 Interior NE SFR 05 Interior NE SFR 06 Interior NE SFR 07 Parking Lot 01 Parking Lot 02 Storage Rooms Park-like Area SE SFR Interior 01 SE SFR Interior 02 1648 W COLTER Street, Phoenix, AZ 85015 1648 W COLTER Street, Phoenix, AZ 85015 SE SFR Interior 03 SE SFR Interior 04 SE SFR Storage/Laundry room SE SFR Interior 05 SE SFR Interior 05 SE SFR Interior 07 7 Door Apartment Interior 01 7 Door Apartment Interior 02 7 Door Apartment Interior 03 7 Door Apartment Interior 04 7 Door Apartment Interior 05 7 Door Apartment Interior 06 7 Door Apartment Interior 07 7 Door Apartment Interior 08

Property Description
INVESTOR SPECIAL: 7 Door apartment bldg. plus two SFR structures on a rare 2/3 acre corner lot in desirable Central Phoenix. Lot is zoned R-3 and perfect for large scale multi-family development or renovate existing units. The current owner; a 501(c)(3) organization, has utilized the property as a residential substance abuse treatment facility. Units 1&2 and 5&6 of the apartment building have been converted to larger adjoining units. Easy to show with notification of showing request. LISTING AGENT IS A BOARD MEMBER OF THE 501(c)(3) organization selling the property. All facts, figures, and matters of material importance to buyer shall be verified by buyer.

Details
Maps
Contract Info
Current Price: $760,000
Sold Price: $760,000
Status: Closed
List Date: 2019-07-11
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: N34
House Number: 1648
Compass: W
Street Name: COLTER
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85015
Zip4: 3022
Country: USA
County Code: Maricopa
Legal Description (Abbrev): NILE TR LOTS 5 & 6 S 195.20' LOT 5 ALSO S 195.20' OF W 15' LOT 6 BLK 2
Subdivision: NILE TRACT BLK 2
Assessor's Map #: 39
Assessor's Parcel #: 33
Add'l Parcels: No
Assessor Number: 156-39-033
Legal: NILE TR LOTS 5 & 6 S 195.20' LOT 5 ALSO S 195.20' OF W 15' LOT 6 BLK 2
Census Tract: 107400
Tax Municipality: Maricopa - COUNTY
Tax Year: 2018
Marketing Name: Unkown
General Property Description
Lot Size Dimensions: 29,545
Year Built: 1965
Uncvrd Parking Spcs: 9
Total # of Units: 7
# of Buildings: 3
Zoning: R3
Elementary School: Solano School
Jr. High School: Osborn Middle School
High School: Central High School
Elementary School District: Osborn Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Cross Street: 19th Avenue & Camelback
Directions: North on 19th Avenue to Colter St. East on Colter St to 17th Ave. North on 17th Ave to the parking lot on the right.
Geo Lat: 33.513528
Geo Lon: -112.095263
Status Change Info
Status Change Date: 2019-10-12
Off Market Date: 2019-10-12
Under Contract Date: 2019-07-22
Close of Escrow Date: 2019-10-11
Sold Price: $760,000
Legal Info
Township: 2N
Range: 3E
Section: 18
Block: 2
Lot Number: 5 & 6
Income & Expenses
Annual Elec Exp: 11748
Annual Gas Exp: 1404
Annual Ins Exp: 1404
Annual Landscape Exp: 3600
Annual Trash Exp: 5280
Annual Wtr/Swr Exp: 1920
Owner Association: No
Annual Other Expense: 19166
Operating Exp: 44522
Pmt & Rate Info
Equity: 755000
Efficiency Units
# Efficiency Units: 1
# Baths: 1
1 Bedroom Units
# 1 Bedroom Units: 2
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 2
# Baths: 2
4 Bedrooms Units
# 4 Bedroom Units: 2
# Baths: 2
Contact Info
List Agent Home Phn: 480-556-1109
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Buyer - B
Buyer Concession $/%: %
Seller Concession $/%: %
Property Features
Project Type: 5 - 12 Units
Other Type: House + Rental Units; Other (See Remarks)
Construction: Block
Const - Finish: Painted
Roofing: Comp Shingle
Floors: Vinyl; Ceramic Tile; Carpet
Sale Includes: Building(s) Only; Land & Building
Community Amenities: No Pool; Play Area
Exterior Amenities: Satellite Dish; Cable TV Available; Separate Storage; Security Light(s)
Interior Amenities: Unfurnished; Fire/Smoke Alarm(s); Vertical Blinds; Mini Blinds
Appliances Included: None
Heating: Heat Pump
Cooling: Electric; Heat Pump
Water: City Franchise; Irrigation
Sewer: Sewer - Public
Electric: SRP
Gas: SW Gas
Parking: Street Parking; 1 Space/Unit; Free; Paved Parking
Roads/Streets: Asphalt
Owner Pays: Other; See Remarks
Tenant Pays: Other (See Remarks)
Source of Fincl Data: Provided by Owner; Other (See Remarks)
Special: Accept Backups (CLO)
Lockbox Type: Supra (ARMLS)
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Conventional; 1031 Exchange
Reports/Disclosures: Seller Prop Disc Stm
Environmental: None

Listing Office: HomeSmart

Last Updated: February - 17 - 2023

1648 W COLTER Street, Phoenix, AZ 85015 - MLS# 5951316
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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