302 W Medlock Drive

    Phoenix, AZ 85013
    • $1,798,000
    • STATUS: Active
    • ON SITE: 30 days
    • MLS #: 5741364
    $1,798,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1960
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    Welcome to Rosecrest Garden Style 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, 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.

    Monthly Payment Calculator

    © 2018 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than The Daniel Montez Real Estate Group. Data last updated 2018-04-23T00:12:55.927.
    www.valleyrealestatedeals.com/homes/81967805

    302 W Medlock Drive Phoenix, AZ 85013

    • Price: $1,798,000
    • Status: Active
    • MLS #: 5741364
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1960
    Built
    Neighborhood:
    Becker Add To Orangewood
    County:
    Maricopa
    Area:
    Phoenix
    Elementary School:
    Solano School
    Middle School:
    Osborn Middle School
    High School:
    Central High School
    School District:
    038 - Madison Elementary District
    Property Description
    Welcome to Rosecrest Garden Style 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, 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.
    Exterior Features

    Construction Block Construction Finish Painted Covered Parking Spaces 10.00 Exterior Amenities Separate Storage Lot Size Dimensions 18717 Parking 1 Space/UnitStreet ParkingCarport Roads Asphalt/Blacktop Roofing Comp Shingle Total Parking Spaces 20.00

    Interior Features

    1 Bedroom Unit Avg Sq Ft 13 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 2 2 Bedroom Units Baths 2 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included Refrigerator Cooling Central A/CWindow/Wall UnitElectric Refrigeratd Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Ceramic TileVinyl/Composition Heating Electric

    Property Features

    1 Bedroom Unit Avg Rent 750.00 1 Bedroom Units 13 2 Bedroom Unit Avg Rent 975.00 2 Bedroom Units 2 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 138540.00 Annual Elec Exp 914.50 Annual Gas Exp 1226.00 Annual Ins Exp 2290.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 2400.00 Annual Legal And Acctg 0.00 Annual Maint Exp 3100.00 Annual Mgmt Exp 0.00 Annual Other Expense 0.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 1300.00 Annual Wtr Swr Exp 6913.00 Auction Yes Community Amenities No Pool Cross Street 3rd Ave And Camelback Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Aps Gas Sw Gas Gross Annual Sch Inc 137340.00 Hoa YN No Net Operating Income 129340.00 New Financing Seller May CarryCtl Operating Exp 24118.50 Other Income 1200.00 Owner Pays WaterTrashSewer Project Type 13 - 24 Units Sale Includes Land & Building Sewer Sewer - Private Source Of Financial Data Provided By Owner Tax Municipality Maricopa - County Taxes 5975.00 Tenant Pays ElectricCable TvGas Vacancy Allowance 0.00 Water Master Meter Zoning Comm

    Listing courtesy of West Usa Realty.
    © 2018 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than The Daniel Montez Real Estate Group. Data last updated 2018-04-23T00:12:55.927.
     
    The Daniel Montez Real Estate Group
    33 N. Lindsay Road Suite 111
    Gilbert AZ, 85234