Estates on Medlock

Estates on Medlock is situated in a prestigious and historic Central Phoenix neighborhood with high barriers to entry. The area is a high demand rental market with strong fundamentals, the submarket average rent is 12% greater than the metropolitan average. This unique property is a pride of ownership asset with a desirable con temporized mid century modern design. Modest renovations and unit upgrades were completed in 2013 and a new owner has the opportunity to further modernize and increase rental income and leverage area's demand and asset type to its full potential. Units are individually metered for electricity. Units are a mix of large 2 and 3 bedrooms with tile back splashes, new floors, cabinets and bathrooms. All units look into central gated courtyard with a pool and BBQ area. Small elevator on premise as well as covered parking. A rare gem.