Revival
Midtown
1220 E Medlock Drive
Phoenix, AZ 85014
A 35-unit, 1 & 2 bedroom apartment home community
1220 E Medlock Drive
Phoenix, AZ 85014
A 35-unit, 1 & 2 bedroom apartment home community
Investment Summary
35
$314,286
2
35
16
19
162-13-139
Number of Units
Price Per Unit
Stories
Electric Meters
1 Bedroom Units
2 Bedroom Units
Parcel Number
Net Operating Income
Annual Gross Operating Income
- Annual Operating Expenses
= Annual Net Operating Income
= Monthly Net Operating Income
Cash Flow
Net Operating Income
= Annual Cash Flow Before Tax
Cap Rate
$633,290
$163,589
$469,701
$39,142
$469,701
$469,701
4.27%
Offered at
$11,000,000
*All facts & figures are approximate and to be verified by buyer
Property Highlights
The apartments at Revival Midtown interiors feature modern finishes and appliances, such as quartz countertops, stainless steel appliances, and hardwood-style flooring.
Amenities
Covered Parking
Sparkling Pool
Private Patios
Pet Friendly
Lovely Landscaping
Spaciously Designed
1 and 2 bedroom apartment homes
Air Conditioning
All Electric Kitchen
Washer and Dryer in Unit
Balcony or Patio
Ceiling Fans
Covered Parking
Dishwasher
Microwave
Refrigerator
Floorplans
In the heart
of the Biltmore area in Midtown Phoenix
Revival Midtown is near the Camelback Corridor and Interstate 51. A beautifully renovated community along a private cul-de-sac neighborhood. Anchored by several schools, the neighborhood is evolving into young families and a sense of shared community.
Situated in a prime location near various grocery stores and popular attractions such as Arizona Biltmore Resort, Biltmore Fashion Park, and Camelback Mountain. The complex is also within walking distance of several popular destinations, including the Phoenix Art Museum, Heard Museum, and several local restaurants and bars. This area is known for its flourishing award-winning restaurants, coffee shops, and bistros that attract both young professionals and families who seek to live an urban lifestyle.
The information and content contained in this Offering Memorandum (OM) is proprietary and strictly confidential. It is intended to be reviewed only by the party in receipt and should not be made available to any other person or entity without the written consent of MHG Commercial brokered by My Home Group. This OM has been prepared to provide a summary to prospective buyers and to establish a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. MHG Commercial has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any buyer or tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this OM has been obtained from sources we believe to be reliable; however, MHG Commercial has not verified, and will not verify, any of the information contained herein, nor has MHG Commercial conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. Buyers/tenants must verify all of the information and bear all risk for any inaccuracies. All prospective buyers/tenants must take appropriate measures to verify all of the information set forth herein.
By accepting the terms of this Disclaimer you agree to release MHG Commercial and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.
PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONTACT THE LISTING AGENT FOR MORE DETAILS.