310 W MEDLOCK Drive, Phoenix, AZ 85013

$1,875,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $1,875,000 Last Modified: 1/03/2018

Overview

Description

Rare upgraded mid century modern gem. 14 large 2 & 3 bedroom units that all face a courtyard with pool and BBQ area. Gated complex with covered parking in the very heart of historic high demand Central Phoenix area. Just blocks to Central LRT station and great restaurants, shopping and entertainment. Still some value add opportunity with further renovations and upgrades to leverage all that this ''pride of ownership'' investment has to offer!

Listing Details MLS# 5545267

Location, Tax & Legal

Map Code/Grid
N34
House Number
310
Compass
W
Street Name
MEDLOCK
St Suffix
Drive
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85013
Zip4
2320
Country
US
County Code
Maricopa
Subdivision
BECKER ADD TO ORANGEWOOD
Assessor Number
162-26-029
Tax Year
2016
Assessor's Map #
26
Legal Description (Abbrev)
BECKERS ADD TO ORANGEWOOD
Assessor's Parcel #
29
Add'l Parcels
No
Tax Municipality
Phoenix
Census Tract
107500
Taxes
8876
Legal
BECKERS ADD TO ORANGEWOOD
Marketing Name
Estates on Medlock

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
18060
Year Built
1964
Uncvrd Parking Spcs
5
Total # of Units
14
# of Buildings
3
Zoning
R4
High School District
Phoenix Union High School District

Remarks Misc

Cross Street
3RD AVENUE & MEDLOCK (NORTH OF CAMELBACK)
Directions
From Central and Camelback head north and then head west on Medlock and property is on North Side.

Status Change Info

Off Market Date
2017-03-20
Under Contract Date
2017-01-26
Close of Escrow Date
2017-03-17

Legal Info

Township
2N
Range
3E
Section
17
Lot Number
10

More Information

2 Bedroom Units

# 2 Bedroom Units
12
Avg Rent
920
Avg SqFt
1036
# Baths
2

3 Bedrooms Units

# 3 Bedroom Units
2
Avg Rent
1025
Avg SqFt
1290
# Baths
2

Contact Info

List Agent Home Phn
480-248-8256

Sold Info

Loan Type
Conventional
Loan Years
30
Payment Type
Fixed
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Project Type

13 - 24 Units
Yes

Construction

Block
Yes

Const - Finish

Painted
Yes
Brick Veneer
Yes

Roofing

Foam
Yes

Floors

Concrete
Yes
Vinyl
Yes
Carpet
Yes

Sale Includes

Building(s) Only
Yes
Land & Building
Yes
Pool Equipment
Yes
Laundry Equipment
Yes

Income & Expenses

Annual Elec Exp
0
Annual Gas Exp
0
Annual Ins Exp
0
Annual Land Lse Exp
0
Annual Landscape Exp
0
Annual Legal & Acctg
0
Annual Maint Exp
0
Annual Mgmt Exp
0
Annual Trash Exp
0
Annual Wtr/Swr Exp
0
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
0
Operating Exp
8876
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
0
Total Monthly Rental Income
0

Pmt & Rate Info

Down Payment
0
Equity
1950000
Down Payment %
0
Monthly Payments
0
1st Interest Rate
5
Total Owed
0
Assessment Balance
0

Community Features

Pool
Yes
Barbecue
Yes

Heating

Electric
Yes

Cooling

Individual
Yes

Exterior Amenities

Landscape Water System
Yes
Green Landscaping
Yes
Fenced
Yes
Cable TV Available
Yes
Patio/Balcony
Yes

Interior Features

Fire/Smoke Alarm(s)
Yes
Vertical Blinds
Yes

Tenant Pays

Electricity
Yes
Cable TV
Yes

Appliances Included

Dishwasher
Yes
Disposal
Yes
Refrigerator
Yes
Free-Standing Range
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

Master Meter
Yes

Sewer

Sewer - Public
Yes

Parking Features

Carport
Yes
On Street
Yes
1 Space/Unit
Yes
Assigned
Yes

Electric

APS
Yes
Individual Meter
Yes

Gas

SW Gas
Yes
Individual Meter
Yes

Owner Pays

Water
Yes
Sewer
Yes
Gas
Yes
Trash Collection
Yes
Landscaping
Yes
Pool Maintenance
Yes

New Financing

Conventional
Yes
1031 Exchange
Yes

Special

Owner/Agent
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Existing 1st Loan Type

Not Applicable
Yes

Existing 1st Loan Terms

Not Applicable
Yes

Existing 2nd Loan

Other (See Remarks)
Yes

Existing 2nd Loan Type

Not Applicable
Yes

Existing 2nd Loan Terms

Not Applicable
Yes

Existing 3rd Loan

Other (See Remarks)
Yes

Existing 3rd Loan Type

Not Applicable
Yes

Reports/Disclosures

None
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

None
Yes

Existing Othr Ln Trm

Not Applicable
Yes

Efficiency Units

Avg Rent
0

1 Bedroom Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: 13 - 24 Units Construction: Block Const - Finish: Painted; Brick Veneer Roofing: Foam Floors: Concrete; Vinyl; Carpet Sale Includes: Building(s) Only; Land & Building; Pool Equipment; Laundry Equipment Community Features: Pool; Barbecue Exterior Amenities: Landscape Water System; Green Landscaping; Fenced; Cable TV Available; Patio/Balcony Interior Features: Fire/Smoke Alarm(s); Vertical Blinds Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal Cooling: Individual Water Source: Master Meter Sewer: Sewer - Public Electric: APS; Individual Meter Gas: SW Gas; Individual Meter Parking Features: Carport; On Street; 1 Space/Unit; Assigned Road Surface Type: Asphalt Owner Pays: Water; Gas; Trash Collection; Landscaping; Pool Maintenance Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner Special: Owner/Agent Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Other (See Remarks) Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Other (See Remarks) Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Conventional; 1031 Exchange Environmental: None
IDX
Listing Office: Arizona Investment & Mgt, LLC
Last Updated: January - 03 - 2018
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