Movoto Real Estate
Sold on 09/01/2021

325 W Colter St, Phoenix, AZ 85013

$2,100,000

Last sold 09/01/2021 after 73 Days

  • 16

    bed

  • 8

    bath

Multi-family not for sale

About 325 W Colter St

Property type Multi-family
Neighborhood
Year built 1961
HOA fee $0/month
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 .
Listed by
Listing Agent - Craig A Young
Listing Office - Platinum Living Realty
Source: ARMLS mls logo
MLS#6257614 • last updated 4 years ago
Movoto checked ARMLS for data 5 minutes ago
Overview
Cooling/AC Heat Pump
Heating Individual, Electric
MLS # 6257614
Type Multiple Dwellings
Status Closed
Property Tax 4406
Year Built 1961
Interior
Flooring Other, Carpet, Ceramic Tile
Appliances Free-Standing Range, Disposal, Dishwasher, Refrigerator, Microwave
Exterior
Roof Foam
Construction Painted, Brick, Slump Block
Parking Paved, Assigned, >1 Space Per Unit, Carport
# of Open Parking Spaces 8
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Location
Community Features No Pool
Elementary School District Madison Elementary District
High School District Phoenix Union High School District
APN 162-26-024
Zoning R4
Multifamily Details
Total # of Units 8
Expense: Operating 29451
Financial Data Source Owner
Expense: Maintenance 3000
Vacancy Allowance 0.05
Expense: Insurance 3200
Net Operating Income 77535
Gross Income 108087.2
Expense: Other 1800
Expense: Professional Management 5353
Expense: Water/Sewer 7402
Gross Scheduled Income 111936
Expense: Gardener 1090
We are not permitted to show value estimates for this property.
  • Aug 2021
    mls logo MLS # 6257614
  • Aug 31, 2021 Sold
    $2,100,000 (-4.5%)
  • Jul 28, 2021 Pending
    —
  • Jun 29, 2021 Listed
    $2,200,000
  • Year Property taxes Tax assessment
  • 2024
    $2,349 +2.7%
    $74,100 -3.53%
  • 2023
    $2,287 +3.1%
    $76,810 +20.05%
  • 2022
    $2,218 -0.9%
    $63,980 +42.08%
  • 2021
    $2,238 +1.6%
    $45,030 +6.28%
  • 2020
    $2,203 +2.3%
    $42,370 +14.76%
  • 2019
    $2,154 +2.5%
    $36,920 +26.18%
  • 2018
    $2,101 +5.0%
    $29,260 +15.38%
  • 2017
    $2,002 +3.6%
    $25,360 +23.11%
  • 2016
    $1,933 +7.7%
    $20,600
  • 2015
    $1,796
    —
  • 325 W Colter St
    $2.1M
  • Alhambra
    $375K -1% y/y
  • 85013
    $500K -7% y/y
  • Phoenix
    $464K 0% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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