1025 E MEDLOCK Drive, Phoenix, AZ 85014 (MLS# 6304642)

1025 E MEDLOCK Drive, Phoenix, AZ 85014

$1,760,000

Property Type: Multiple Dwellings Status: Closed

Current Price: $1,760,000 Last Modified: 3/28/2025

Overview

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.

Listing Details MLS# 6304642

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 MANOR CONDOMINIUM
Assessor Number: 162-17-142
Tax Year: 2021
Assessor's Map #: 17
Legal Description (Abbrev): LOT 1 SMITH MANOR CONDOMINIUM MCR 143213
Assessor's Parcel #: 142
Add'l Parcels: Yes
Tax Municipality: Phoenix
Census Tract: 107601
Taxes: 3857
Legal: LOT 1 SMITH MANOR CONDOMINIUM MCR 143213
Marketing Name: Medlock Triplex Condos

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: Unk
Year Built: 2019
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: Camelback and 10th Place
Directions: North on 10th Place to property

Status Change Info

Off Market Date: 2022-03-11
Under Contract Date: 2022-03-09
Close of Escrow Date: 2022-04-04

Legal Info

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

More Information

3 Bedrooms Units

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

Sold Info

Loan Type: Other
Payment Type: Other
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

Built-Up: Yes

Floors

Vinyl: Yes

Sale Includes

Building(s) Only: Yes
Personal Property: Yes

Income & Expenses

Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 3857
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0

Pmt & Rate Info

Equity: 2100000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Showing Notification Methods

No Notification Required to Show: Yes

Lockbox Type

None: Yes

Community Features

No Pool: Yes

Heating

Heat Pump: Yes
Individual: Yes

Cooling

Heat Pump: Yes
Individual: Yes

Exterior Amenities

Green Landscaping: Yes
Fenced: Yes
Patio/Balcony: Yes

Interior Features

Unfurnished: Yes

Tenant Pays

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

Appliances Included

Dishwasher: Yes
Disposal: Yes
Refrigerator: Yes
Built-In Range: Yes
W/D Hookup: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes
Projected Proforma: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

Garage: Yes
>1 Space Per Unit: Yes
Paved: Yes
Add'l Parking Avail: Yes

Electric

Individual Meter: Yes

Gas

SW Gas: Yes
Individual Meter: Yes

Owner Pays

Landscaping: Yes

New Financing

Other (See Remarks): Yes

Reports/Disclosures

None: Yes

Environmental

None: Yes

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

2 Bedroom Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: Tri-Plex Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Built-Up Floors: Vinyl Sale Includes: Building(s) Only; Personal Property Community Features: No Pool Exterior Amenities: Green Landscaping; Fenced; Patio/Balcony Interior Features: Unfurnished Appliances Included: Built-In Range; Refrigerator; Dishwasher; Disposal; W/D Hookup Heating: Individual; Heat Pump Cooling: Heat Pump; Individual Water Source: City Franchise Sewer: Sewer - Public Electric: Individual Meter Gas: SW Gas; Individual Meter Parking Features: Garage; >1 Space Per Unit; Add'l Parking Avail; Paved Road Surface Type: Asphalt Owner Pays: Landscaping Tenant Pays: Water; Sewer; Electricity; Trash Collection; Cable TV Source of Fincl Data: Owner; Projected Proforma Showing Notification Methods: No Notification Required to Show Lockbox Type: None New Financing: Other (See Remarks) Environmental: None

Listing Office: Blue Saguaro Commercial Realty, LLC

Last Updated: March - 28 - 2025