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1025 E MEDLOCK Drive, Phoenix, AZ 85014

$2,100,000
Status: Active
Current Price: $2,100,000 List Date: 10/08/2021 Last Modified: 11/29/2021

Description

This Medlock new built Tri-Plex represents one of the best opportunities in the Camelback Corridor. All of the units are large 3 Bedroom/3 Bath units. Each unit is separately parceled and individually metered for Electricity and Water. Each tenant enjoys modern interiors, full appliances with washer/dryers. They have a private backyard area, individual garage, private outside parking, and beautiful views from the second story.The location is close to Entertainment, Shopping, Employment, and great Madison schools. The Tri-Plex is on a corner lot, with easy access, beautiful common area with grass, and safe surroundings.There is upside on rents, and a great exit plan to sell each unit off as an individual condo.

More Information MLS# 6304642

Contract Info

Current Price: $2,100,000 List Price: $2,100,000 Status: Active List Date: 2021-10-07 Ownership: Fee Simple

Location, Tax & Legal

Map Code/Grid: N34 House Number: 1025 Compass: E Street Name: MEDLOCK St Suffix: Drive City/Town Code: Phoenix State/Province: AZ Zip Code: 85014 Country: USA County Code: Maricopa Legal Description (Abbrev): LOT 1 SMITH MANOR CONDOMINIUM MCR 143213 Subdivision: SMITH MANOR CONDOMINIUM Assessor's Map #: 17 Assessor's Parcel #: 142 Add'l Parcels: Yes Assessor Number: 162-17-142 Legal: LOT 1 SMITH MANOR CONDOMINIUM MCR 143213 Census Tract: 107601 Tax Municipality: Phoenix Taxes: 3857 Tax Year: 2021 Marketing Name: Medlock Triplex Condos

General Property Description

Lot Size Dimensions: Unk Year Built: 2019 Uncvrd Parking Spcs: 3 Total # of Units: 3 # of Buildings: 2 Zoning: R-3 Elem School Dist #: 038 - Madison Elementary District High School Dist #: 210 - Phoenix Union High School District

Remarks & Misc

Cross Street: Camelback and 10th Place Directions: North on 10th Place to property Geo Lat: 33.510818 Geo Lon: -112.059803

Status Change Info

Status Change Date: 2021-10-08

Legal Info

Township: 2N Range: 3E Section: 16 Lot Number: 1

Income & Expenses

Owner Association: No Operating Exp: 3857

Pmt & Rate Info

Equity: 2100000

3 Bedrooms Units

# 3 Bedroom Units: 3 Avg Rent: 2966 Avg SqFt: 1770 # Baths: 3

Property Features

Project Type: Tri-Plex Construction: Frame - Wood Const - Finish: Painted; Stucco Roofing: Built-Up Floors: Vinyl Sale Includes: Building(s) Only; Personal Property Community Amenities: No Pool Exterior Amenities: Green Landscaping; Fenced; Patio/Balcony Interior Amenities: Unfurnished Appliances Included: BI Oven/Range; Refrigerator; Dishwasher; Disposal; W/D Hookup Heating: Individual; Heat Pump Cooling: Heat Pump; Individual Water: City Franchise Sewer: Sewer - Public Electric: Individual Meter Gas: SW Gas; Individual Meter Parking: Garage; >1 Space Per Unit; Add'l Parking Avail; Paved Parking Roads/Streets: Asphalt Owner Pays: Landscaping Tenant Pays: Water; Sewer; Electric; Trash; Cable TV Source of Fincl Data: Provided by Owner; Projected Proforma New Financing: Other (See Remarks) Reports/Disclosures: None Environmental: None
Listing Office: Blue Saguaro Commercial Realty, LLC
Last Updated: November - 29 - 2021
1025 E MEDLOCK Drive, Phoenix, AZ 85014- MLS# 6304642
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