1025 E MEDLOCK Drive, Phoenix, AZ 85014

$1,490,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $1,490,000 Last Modified: 5/27/2021

Overview

Description

Investor special- here is your chance to buy a new construction townhome complex with 3 individual APN's. The property is located in Madison School District and walking distance to a ton for shopping and restaurants. It's a turn key property that is delivered vacant. It can be used as a long term rental, Airbnb, or even sold off individually. Each unit is 2 bedrooms, 2.5 bath, plus an office. All three are designed with their own private entrance, backyard, garage, and balconies. Come check out this package deal before its tuned into individual unit sales.

Listing Details MLS# 6196436

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
US
County Code
Maricopa
Subdivision
SMITH PLACE BLK 1, 2, 4, 5
Assessor Number
162-17-035
Tax Year
2020
Assessor's Map #
17
Legal Description (Abbrev)
LOT 1 BLOCK 4 SMITH PLACE BLK 1, 2, 4, 5 MCR 002002
Assessor's Parcel #
35
Add'l Parcels
No
Tax Municipality
Maricopa - COUNTY
Census Tract
107601
Taxes
1950
Legal
LOT 1 BLOCK 4 SMITH PLACE BLK 1, 2, 4, 5 MCR 002002
Marketing Name
NONE

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
74 X 135
Year Built
2018
Uncvrd Parking Spcs
3
Total # of Units
3
# of Buildings
2
Zoning
R-3
Elementary School District
Madison Elementary District
High School District
Phoenix Union High School District

Remarks Misc

Cross Street
12th Street and Camelback

Status Change Info

Off Market Date
2021-04-17
Under Contract Date
2021-03-30
Close of Escrow Date
2021-05-26

Legal Info

Lot Number
2

More Information

2 Bedroom Units

# 2 Bedroom Units
3
Avg Rent
2850
Avg SqFt
1844
# Baths
3

Contact Info

List Agent Home Phn
609-226-3393

Sold Info

Loan Type
Cash
Payment Type
Fixed
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Project Type

Tri-Plex
Yes

Construction

Wood Frame
Yes

Const - Finish

Painted
Yes
Stucco
Yes

Roofing

Foam
Yes

Floors

Wood
Yes
Ceramic Tile
Yes
Carpet
Yes

Sale Includes

Building(s) Only
Yes

Income & Expenses

Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
1950
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
0

Pmt & Rate Info

Equity
1499999
Down Payment %
0
Monthly Payments
0
Total Owed
0

Showing Notification Methods

Text
Yes
Email
Yes
Phone Call
Yes

Lockbox Type

Supra
Yes

Community Features

No Pool
Yes

Heating

Electric
Yes

Cooling

Ceiling Fan(s)
Yes
Heat Pump
Yes

Exterior Amenities

Landscape Water System
Yes
Desert Landscaping
Yes
Patio/Balcony
Yes

Interior Features

Breakfast Bar
Yes

Tenant Pays

Water
Yes
Sewer
Yes
Electricity
Yes
Trash Collection
Yes
Cable TV
Yes

Appliances Included

Dishwasher
Yes
Disposal
Yes
Refrigerator
Yes
W/D Hookup
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Unknown
Yes

Water Source

Individual Meter
Yes

Sewer

Sewer - Public
Yes

Parking Features

Garage
Yes
>1 Space Per Unit
Yes

Electric

APS
Yes

Gas

SW Gas
Yes

Owner Pays

Water
Yes
Landscaping
Yes
None
Yes

New Financing

Conventional
Yes
1031 Exchange
Yes
Trade
Yes

Special

Owner/Agent
Yes

Reports/Disclosures

None
Yes

Environmental

None
Yes

Efficiency Units

Avg Rent
0

1 Bedroom Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: Tri-Plex Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Foam Floors: Wood; Ceramic Tile; Carpet Sale Includes: Building(s) Only Community Features: No Pool Exterior Amenities: Landscape Water System; Desert Landscaping; Patio/Balcony Interior Features: Breakfast Bar Appliances Included: Refrigerator; Dishwasher; Disposal; W/D Hookup Cooling: Ceiling Fan(s); Heat Pump Water Source: Individual Meter Sewer: Sewer - Public Electric: APS Gas: SW Gas Parking Features: Garage; >1 Space Per Unit Road Surface Type: Asphalt Owner Pays: Water; Landscaping; None Tenant Pays: Water; Sewer; Electricity; Trash Collection; Cable TV Source of Fincl Data: Unknown Special: Owner/Agent Showing Notification Methods: Text; Email; Phone Call Lockbox Type: Supra New Financing: Conventional; 1031 Exchange; Trade Environmental: None
IDX
Listing Office: HomeSmart
Last Updated: May - 27 - 2021
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