NOT LISTED FOR SALE

302 W Medlock Dr Phoenix, AZ 85013

Uptown Phoenix Neighborhood
9 Beds
-- Bath
2,520 Sq Ft
1960 Built

Last Sold May 10, 2019

Last sale price $1,800,000 $714 Per Sq Ft

67 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Madison Richard Simis School Rated A-
  • Heating Available

About This Home

As of May 2019

Welcome to Rosecrest Garden Apartment Complex. Excellent Investment Property with 15 units, 3 buildings, cash flow, most units have been updated, NEW ROOF, long term tenants, block construction, and ample parking. Close to Camelback Village Square, Light-Rail, Bus Stop, downtown, Grand Canyon University, and Freeways. Each unit is separately metered for electricity and gas. Property covers cost of water, sewer, and trash collection. Meticulous desert landscape and well maintained units with many long term tenants.

Last Agent to Sell the Property

Danelle Treguboff

West USA Realty License #SA533636000 Listed on: 02/17/2019

West USA Realty

Last Buyer's Agent

Danelle Treguboff

West USA Realty License #SA533636000 Listed on: 02/17/2019

West USA Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,975

Year Built

  • Built in 1960

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 22 Parking Spaces
  • 11 Covered Spaces
  • Common or Shared Parking

Schools

  • Solano Elementary School
  • Osborn Middle School
  • Central High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Air
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 9
  • Assessor Parcel Number 162-26-028

Community Details

Overview

  • 4 Buildings
  • 15 Units
  • Building Dimensions are 18717
  • Becker Add To Orangewood Subdivision

Building Details

  • Operating Expense $21,719
  • Gross Income $151,200
  • Net Operating Income $133,256

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,975

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Cross Street: 3rd Ave and Camelback
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: Comm
  • Number Of Buildings: 4
  • Year Built: 1960
  • Tax Year: 2018
  • Directions: West on Camelback to 3rd Ave North on 3rd Ave. Property is on NW corner of 3rd Ave and Medlock.
  • Road Surface Type: Asphalt
  • Subdivision Name: BECKER ADD TO ORANGEWOOD
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: See Remarks, Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 11.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 11.0
  • Total Parking Spaces: 22.0
  • General Property Description:Covered Parking Spcs: 11.0
  • General Property Description:Uncvrd Parking Spcs: 11.0
  • General Property Description:Total Parking Spcs: 22.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C, Electric, Wall/Window Unit(s)
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Separate Storage: Yes

Fee Information

  • Annual Fuel Expense: 1226.0
  • Trash Expense: 1300.0
  • Annual Water Sewer Expense: 5913.0

Schools

  • Elementary School: Solano School
  • High School: Central High School
  • Middle Or Junior School: Osborn Middle School

Lot Info

  • Lot Size: 18717
  • Additional Parcels: No
  • Parcel #: 162-26-028

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 15
  • Electric Expense: 914.5
  • Annual Gross Income: 151200.0
  • Insurance Expense: 1990.0
  • Maintenance Expense: 3000.0
  • Property Net Operating Income: 133256.0
  • Annual Operating Expense: 21718.5

Tax Info

  • Tax Annual Amount: 4975.0
  • Tax Book Number: 162.00
  • Tax Lot: 9

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
05/10/2019 05/10/19 Sold $1,800,000 0.0% $714 / Sq Ft
02/17/2019 02/17/19 For Sale $1,800,000 +93.8% $714 / Sq Ft
09/21/2015 09/21/15 Sold $929,000 -6.6% $369 / Sq Ft
06/29/2015 06/29/15 Pending -- -- --
04/30/2015 04/30/15 For Sale $995,000 -- $395 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Danelle Treguboff

    Seller's Agent in 2019

    Danelle Treguboff

    West USA Realty

    (623) 628-6866

    57 Total Sales

    Danelle Treguboff
    Section Image

  • J

    Seller's Agent in 2015

    Jamie Canute

    Orion Investment Real Estate

  • Zack Mishkin

    Seller Co-Listing Agent in 2015

    Zack Mishkin

    Orion Investment Real Estate

    (602) 363-6363

    5 Total Sales

    Zack Mishkin
    Section Image

  • L

    Buyer's Agent in 2015

    Lauren Nash

    HomeSmart

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5884687

Arizona Regional Multiple Listing Service (ARMLS)

Arizona Maricopa County Phoenix 85013 Uptown Phoenix

302 W Medlock Dr, Phoenix, AZ

This home is located at 302 W Medlock Dr, Phoenix, AZ 85013 since 17 February 2019. This property was built in 1960. 302 W Medlock Dr is a home located in Maricopa County with nearby schools including Madison Richard Simis School, Madison Meadows School, and Central High School.

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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