$3,200,000
37 W Medlock Drive
Phoenix, AZ 85013
MLS# 6914357
Status: Closed
23 beds  |  106 baths


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Property Description
Advantageously positioned just north of the Central Avenue and Camelback Road intersection, hidden within one of Central Phoenix's affluent residential areas is a 13-unit apartment community, Medlock Place (''the property''). Conveniently located in the heart of the historic uptown submarket, its nearby proximity to one of The Valley's major transportation arteries, State Route 51, affords residents direct access and simple passage to nearly any destination across The Valley. Positioned minutes from a long-standing landmark of Phoenix, Uptown Plaza blends mid-century modern charm with the high-rises that line both sides of Central Avenue.

Details
Contract Info
Current Price: $3,200,000
Sold Price: $3,200,000
Status: Closed
List Date: 2025-09-03
Ownership: Fee Simple
Location, Tax & Legal
House Number: 37
Compass: W
Street Name: Medlock
St Suffix: Drive
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85013
Country: US
County Code: Maricopa
Assessor Number: 162-23-084
Tax Year: 2025
General Property Description
Lot Size Dimensions: 0.45
Year Built: 1959
Uncvrd Parking Spcs: 20
Total # of Units: 13
# of Buildings: 1
Zoning: R-3
Elementary School District: Madison Elementary District
High School District: Phoenix Union High School District
Efficiency Units
# Efficiency Units: 2
Avg Rent: 983
Avg SqFt: 200
# Baths: 2
1 Bedroom Units
# 1 Bedroom Units: 1
Avg Rent: 1450
Avg SqFt: 650
# Baths: 2
2 Bedroom Units
# 2 Bedroom Units: 10
Avg Rent: 1613
Avg SqFt: 900
# Baths: 10
Structure
Bedrooms Total: 23
Bathrooms Total: 106
Showing Notification Methods
Showing Service: Aligned Showings
Sold Info
Loan Type: Conventional
Loan Years: 10
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Remarks Misc
Geo Lat: 33.511431
Geo Lon: -112.07715
Status Change Info
Off Market Date: 2025-09-19
Under Contract Date: 2025-09-19
Close of Escrow Date: 2025-11-21
Sold Price: $3,200,000
Legal Info
Lot Number: 45
Income Expenses
Gross Annual Sch Inc: 245916
Net Operating Income: 188078
Property Features
Project Type: 13 - 24 Units
Construction: Block
Const - Finish: Painted; Stucco
Roofing: Composition
Floors: Vinyl; Ceramic Tile
Sale Includes: Land & Building
Community Features: Pool
Exterior Amenities: Green Landscaping
Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Microwave; Washer/Dryer
Cooling: Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: SW Gas
Parking Features: >1 Space Per Unit
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection; Landscaping; Pool Maintenance
Tenant Pays: Electricity
Source of Fincl Data: Owner
Showing Notification Methods: Text
Lockbox Type: None
New Financing: Cash; Conventional; 1031 Exchange
Environmental: None
Supplements
Anchoring the gateway to North Central Phoenix's historic core, Medlock Place presents outstanding walkable access to a mix of the best local and national retailers and restaurants including The Henry, Chula Seafood, Shake Shack, AJ's, and West Elm. Recognized by its sprawling residential estates and scarcity of developable land, Uptown Phoenix offers a highly coveted neighborhood atmosphere, boasting an average single family home sale price of ±1,189,390 (last 90 days). In addition, Medlock Place benefits from long-term profitability of location due to Uptown Phoenix's high barriers to submarket entry. Built in 1959 and fully renovated in 2020, Medlock Place is comprised of 10 two-bedroom floorplans (77%), 2 studio floorplans (15%), and 1 one-bedroom floorplan (8%) floorplans covering an average of ±773 square feet. All 13 units have been renovated with interior upgrades including new appliances, countertops, cabinets, flooring, fixtures, hardware and individual washer/dryers.

IDX
Listing Office: Marcus & Millichap

Office Phone: 602-687-6700

Office Email: [email protected]

Last Updated: November - 22 - 2025

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