NOT LISTED FOR SALE

2732 W Medlock Dr Phoenix, AZ 85017

Grandview Neighborhood
68 Beds
-- Bath
1,125 Sq Ft
1982 Built

Last Sold July 24, 2012

Last sale price $1,100,000 $978 Per Sq Ft

81 Days on Market

Highlights

  • Heated Community Pool
  • Cooling Available
  • Painted or Stained Flooring
  • Phoenix Coding Academy Rated A
  • Resident Manager or Management On Site
  • Community Barbecue Grill

About This Home

As of July 2012

NOT a short sale or bank owned property! A RARE stabilized clean midsize complex that cash flows! Built in 1982, 2 story block construction with pitched roofs. Good unit mix with 70% 2 bed units. Onsite manager is aggressively increasing occupancy. Over $245k in capital improvements including; All brand new roofs; All brand new A/C's; Complex completely repainted (interiors and exteriors; All units are 100% tile floors and all have brand new fixtures and ceiling fans. Individually metered for electricity. Complex amenities include onsite coin operated laundry facility, fenced swimming pool, & bbq area. Traditional financing is available. Buyer to verify all facts and figures to their satisfaction.

Last Agent to Sell the Property

Jason Campagna

Orion Investment Real Estate License #SA543294000 Listed on: 02/27/2012

Co-Listed By

Brian Gaffney

Better Homes & Gardens Real Estate SJ Fowler License #BR536606000

Last Buyer's Agent

Linda Gerchick

Gerchick Real Estate License #BR114848000

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1982

Home Design

  • Composition Shingle Roof
  • Block Exterior

Kitchen

  • Oven or Range

Flooring

  • Painted or Stained Flooring
  • Carpet
  • Ceramic Tile

Parking

  • Over 1 Space Per Unit
  • Paved Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for cable TV, electric
  • The owner pays for landscaping, pool/spa maintenance, sewer, trash collection, water

Community Details

Overview

  • $15,799 per year Dock Fee
  • 40 Units
  • Building Dimensions are 51096

Recreation

  • Heated Community Pool

Additional Features

  • Community Barbecue Grill
  • Insurance Expense $6,855
  • Resident Manager or Management On Site

Property Details

Home Type

Multi-Family

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Tax Municipality: Maricopa - COUNTY
  • Appliances Included: BI Oven/Range, Refrigerator
  • Construction Finish: Painted
  • Cross Street: Camelback Rd & 23rd Ave
  • Floors: Carpet, Ceramic Tile
  • Legal Info Lot Number: 7,8
  • Legal Info Range: 2E
  • Legal Info Section: 14
  • Legal Info Township: 2N
  • Roads Streets: Asphalt
  • Property Type: F
  • Hndrd Blk Directionl: W
  • Hundred Block: 2700
  • Legal Description Abbrev: Homeland Blk 03
  • Marketing Name: Villa Rose
  • Ownership: Fee Simple
  • Uncvrd Parking Spcs: 50.00
  • Map Code Grid: N33
  • Year Built: 1982
  • Tax Year: 2011
  • Directions: West on Camelback, North on 27th Ave towards Medlock. 1st left onto Medlock, property on right. Do Not Walk Property, by Appt Only.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Unfurnished

Exterior Features

  • Exterior Amenities: Cable TV Available, Desert Landscaping, Partially Fenced
  • Roofing: Comp Shingle
  • Construction: Block

Garage/Parking

  • Parking: >1 Space Per Unit, Paved Parking
  • Total Parking Spaces: 50.00

Utilities

  • Water: City Franchise
  • Electric: SRP
  • Cooling: Electric, Individual
  • Heating: Electric

Condo/Co-op/Association

  • Community Amenities: Barbecue, Manager Res/Office, Pool

Lot Info

  • Lot Size: 51096

Multi Family

  • Income And Expenses Adjusted Gross Inc: 1999.20
  • Income And Expenses Annual Elec Exp: 8330.00
  • Income And Expenses Annual Ins Exp: 6855.00
  • Income And Expenses Annual Landscape Exp: 1090.00
  • Income And Expenses Annual Maint Exp: 6639.00
  • Income And Expenses Annual Mgmt Exp: 18023.00
  • Income And Expenses Annual Other Expense: 6286.00
  • Income And Expenses Annual Trash Exp: 4319.00
  • Income And Expenses Annual Water Sewer Exp: 17936.00
  • Income And Expenses Net Operating Income: 85298.00
  • Income And Expenses Operating Exp: 85277.00
  • Income And Expenses Other Income: 2856.00
  • Income And Expenses Vacancy Allowance: 0.30
  • Number Of One Bedroom Units: 12
  • Number Of Two Bedroom Units: 28
  • One Bedroom Units Avg Rent: 400.00
  • One Bedroom Units Avg Sq Ft: 458
  • One Bedroom Units Baths: 1
  • Owner Pays: Landscaping, Pool/Spa Maintenance, Sewer, Trash Collection, Water
  • Tenant Pays: Cable TV, Electric
  • Total Numberof Buildings: 4
  • Total Numberof Units: 40.00
  • Two Bedroom Units Avg Rent: 500.00
  • Two Bedroom Units Avg Sq Ft: 667
  • Two Bedroom Units Baths: 1

Tax Info

  • Taxes: 15799.00

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2012 07/24/12 Sold $1,100,000 -7.9% $978 / Sq Ft
05/18/2012 05/18/12 Pending -- -- --
02/27/2012 02/27/12 For Sale $1,195,000 -- $1,062 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2012

    Jason Campagna

    Orion Investment Real Estate

  • Brian Gaffney

    Seller Co-Listing Agent in 2012

    Brian Gaffney

    Better Homes & Gardens Real Estate SJ Fowler

    (602) 264-8400

    23 Total Sales

    Brian Gaffney
    Section Image
  • Linda Gerchick

    Buyer's Agent in 2012

    Linda Gerchick

    Gerchick Real Estate

    (602) 688-9279

    3 in this area

    119 Total Sales

    Linda Gerchick
    Section Image

  • L

    Buyer's Agent in 2012

    Linda CCIM

    Stephen Magee Int'l Properties

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4723029

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Phoenix 85017 Grandview

2732 W Medlock Dr, Phoenix, AZ

This home is located at 2732 W Medlock Dr, Phoenix, AZ 85017 since 27 February 2012. This property was built in 1982. 2732 W Medlock Dr is a home located in Maricopa County with nearby schools including Cordova Middle School, Alhambra High School, and Phoenix Coding Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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