Medlock Place

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Address: 37 W Medlock Dr, Phoenix, AZ 85013, USA
Created date: September 2, 2024
Date last updated: September 2, 2024

Boutique Single-Story Community with True Pride of Ownership

Extensively Renovated with Capital Improvements Totaling over $600k ($46,000+/Unit).

Best-in-Class Finishes Including In-Suite Washer/Dryers, Upgraded Electrical, Plumbing, HVAC’s and Hot Water Heaters

Majority Two-Bedroom Floor Plans that Average 900 Square Feet

Significant Rent Versus Own Disparity Fueling Increased Renter Demand

Premiere North Central Location

Property Description

JLL is pleased to introduce Medlock Place, a premier 13-unit extensively renovated boutique apartment community located in a vibrant Uptown neighborhood in the heart of Phoenix. Current ownership has extensively renovated and repositioned the community with capital improvements totaling over $600,000 ($46,000+ per unit). Interior units feature best-in-class finishes and attract high quality residents. The property has an excellent unit mix with 77% two-bedroom floor plans that average approximately 900 square feet. Medlock Place enjoys a prime location in North Central Phoenix, offering residents unparalleled access to a dynamic and urban lifestyle. Situated near the highly anticipated $1 billion Park Central Mall Redevelopment and the esteemed $100 million Creighton University Health Sciences Campus, residents enjoy convenience and a host of amenities nearby. The property’s prime positioning has attracted a diverse range of tenants, resulting in its distinguished performance.

Key Property Information

Listing Status: Available
Listing Type: Highest & best offer
Property Types: Apartment Buildings
Price: $3,825,000
No. of Units: 13
Year Built: 1959
Year Renovated: 2020
Building Size: 10,050 Sq ft
No. of Stories: 1
Opportunity Zone: No
Price per unit: $294,231
Address: 37 W Medlock Dr, Phoenix, AZ 85013, USA

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