Mid Century Multifamily Property For Sale in Phoenix, Arizona

310 W Medlock Dr, Phoenix, AZ 85013

Property Highlights:

  • Large 2 and 3 bedroom units.
  • Central courtyard with pool.
  • Individually metered for electricity and gas.
  • Covered parking
  • Gated complex.
  • Cul de Sac location within blocks of LRT.
  • Hi demand modernized vintage property close to restaurants/shopping.

Property Description:

The Estates is a rare upgraded 14 unit mid century gem in heart of Central Phoenix. Large 2 and 3 bedroom units facing central courtyard with pool and BBQ area. Covered parking and gated complex. Value add potential with further upgrades to best leverage this pride of ownership investment in a high demand rental sub-market.

Key central historic neighborhood. Walk to light rail station, Postino’s Windsor, AJ’s, Federal Pizza and the renovated Beefeater site. Cul de Sac location.

Key Figures

Price$1,950,00Cap Rate6%
No. Units14Occupancy100%
Building Size15,012 SFNo. Stories2
Price/Unit139,285.71Year Built1964
Property TypeMultifamilyLot Size18,060 SF
Property Sub-typeGarden / Low-RiseAPN / Parcel ID162-26-029
Property Use TypeInvestmentParking Ratio
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