Multifamily

Medlock Lofts

39 W Medlock Dr, Phoenix, AZ 85013

Listing Price: $2,500,000

Cap Rate
3.48%
Number of Units
8
GRM
17.73
Occupancy
98.00%
Price/Unit
$312,500
Price/Gross SF
$275.09
Gross SF
9,088

Investment Overview

Medlock Lofts is an eight-unit multifamily property located just north of the Central Avenue and Camelback Road intersection in Phoenix. This "A" location is very desirable as it is close to dense professional core and offers exceptional connectivity to many walkable dining and entertainment options. The Phoenix Valley Metro Light Rail station can be accessed within a 5-minute walk just South of the property. Zillow also identifies single-family homes in the area having values of $500,000 to well over $1,000,000.

Completed in 1981, Medlock Lofts is comprised of eight (8) two-bedroom/two-bathroom units each including a loft, full-size washer and dryer and covered parking, as well as fireplaces in four of the units. The units have a unique townhouse style and are approximately 1,136 square feet, which are some of the largest floorplans for this vintage in the area.

This opportunity offers an investor the ability to acquire a rare multifamily gem located in the heart of Phoenix.

Please do not walk the property or disturb residents, all tours must be scheduled with the listing agent.

Investment Highlights

  • "A" Location - Just North of Central Avenue & Camelback Road Intersection
  • All 2-Bedroom/2-Bathroom with Loft Floorplans
  • Great Walkability for Residents (Walk Score: 81)
  • Close to Valley Metro Light Rail Station (5-Minute Walk)
  • Each Unit Includes Full-Size Washer & Dryer and Covered Parking

Exclusively Listed By

Listing Price: $2,500,000

Cap Rate
3.48%
Number of Units
8
GRM
17.73
Occupancy
98.00%
Price/Unit
$312,500
Price/Gross SF
$275.09
Gross SF
9,088

Investment Highlights

  • "A" Location - Just North of Central Avenue & Camelback Road Intersection
  • All 2-Bedroom/2-Bathroom with Loft Floorplans
  • Great Walkability for Residents (Walk Score: 81)
  • Close to Valley Metro Light Rail Station (5-Minute Walk)
  • Each Unit Includes Full-Size Washer & Dryer and Covered Parking

Investment Overview

Medlock Lofts is an eight-unit multifamily property located just north of the Central Avenue and Camelback Road intersection in Phoenix. This "A" location is very desirable as it is close to dense professional core and offers exceptional connectivity to many walkable dining and entertainment options. The Phoenix Valley Metro Light Rail station can be accessed within a 5-minute walk just South of the property. Zillow also identifies single-family homes in the area having values of $500,000 to well over $1,000,000.

Completed in 1981, Medlock Lofts is comprised of eight (8) two-bedroom/two-bathroom units each including a loft, full-size washer and dryer and covered parking, as well as fireplaces in four of the units. The units have a unique townhouse style and are approximately 1,136 square feet, which are some of the largest floorplans for this vintage in the area.

This opportunity offers an investor the ability to acquire a rare multifamily gem located in the heart of Phoenix.

Please do not walk the property or disturb residents, all tours must be scheduled with the listing agent.

Exclusively Listed By

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