810 E Colter Street, Phoenix, AZ 85014

$1,700,000
16
BD
14
BA

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List Price
$1,700,000
Status
ACTIVE
Days on Market
1
MLS#
7072364
City
Phoenix
Bedrooms
16
Bathrooms
14
Year Built
1962

Property Description

COLTER 9 at 810 E Colter St, Phoenix is a 9-unit value-add condo package in Uptown Phoenix. Built in 1962 with classic mid-century block construction, this asset provides instant cash flow and immense upside near the thriving 7th St & Camelback corridor. THE ASSET: 9 individually parceled units (two 3BR, three 2BR, four 1BR). EXIT: Separate parcels support a portfolio sale or high-margin retail sales. VALUE-ADD: Modernize original interiors to maximize premium rental rates. LOCATION: Walkable to elite dining, light rail, and Madison School District. AMENITIES/HOA: Gated access, pools, covered parking. HOA covers exterior, roofs, water, sewer, and trash.

Additional Information

Taxes
$3,138
Net Operating Income
$105,056
Cap Rate
6.18
Units
9
Parking Features
Carport, <1 Space Per Unit, Off Street
Construction
Block, Wood Frame, Slump Block, Painted
Roofing
Composition
Cooling
Central Air, Electric, Varies by Unit, 2 or More Units
Heating
Zoned, Electric, Varies by Unit, Central
Zoning
R-4, Phoenix
Subdivision
Imperial Plaza Condominium
Community Features
Pool
Electric
APS
Water
City Franchise, See Remarks
Sewer
Sewer-In & Connected
Tenant Pays
Electricity, Cable TV
New Financing
1031 Exchange, Other (See Remarks), Cash
Elementary School
Madison Rose Lane School
Middle School
Madison #1 Elementary School
High School
North High School

Mortgage Calculator

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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of ABI Multifamily.

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