1220 Medlock Dr Phoenix, AZ 85014
Sponsored
Phoenix Multifamily Investment Opportunity
Description
- Added:
- Dec 11, 2024
- Days on Market:
- 392
Property Features for 1220 Medlock Dr
General Information
- Property type
- Multifamily properties
- Class
- C
Building Details
- Year Built
- 1961
- Buildings
- 4
- Stories
- 2
- Units
- 35
HighLights
- $11,000,000 asking price for a 35‑unit Class C multifamily property in Phoenix, AZ (85014).
- 35 units (16 one‑bedroom, 19 two‑bedroom) totaling 18,000 net rentable square feet on a 67,518 sq ft lot.
- 97% occupancy, generating a $469,701 pro‑forma NOI and a 4.27% cap rate.
- Modern interiors with quartz countertops, stainless steel appliances, and hardwood‑style flooring; renovations completed in 2018, 2021, and 2022.
- Convenient location near Camelback Corridor and I‑51, with easy access to amenities and major thoroughfares. APN: 162‑13‑139. Price per unit: $314,286.
Property Profile
Location Intelligence
Current Use by Public Records
Revival Midtown
Apartment Complex
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.0547732
- Latitude
- 33.5118623
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - Phoenix Multifamily Investment Opportunity
Where is this multifamily property located?
The property is located at 1220 Medlock Dr Phoenix, AZ.
What is the asking price?
The asking price for this property is $11,000,000.
What are key features of this property?
This property features: $11,000,000 asking price for a 35-unit Class C multifamily property in Phoenix, AZ (85014).; 35 units (16 one-bedroom, 19 two-bedroom) totaling 18,000 net rentable square feet on a 67,518 sq ft lot.; 97% occupancy, generating a $469,701 pro-forma NOI and a 4.27% cap rate.
