2539 N 48TH Street, Phoenix, AZ 85008
$4,970,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$4,970,000
Last Modified:
12/17/2025
More Information MLS# 6958789
Contract Info
Ownership: Fee Simple
Current Price: $4,970,000
List Price: $4,970,000
Status: Active
List Date: 2025-12-17
Location, Tax & Legal
Assessor's Map #: 17
Legal Description (Abbrev): ORANGEDALE TRACT PT LOT 24 S 127' OF N 177' OF W 143'
Assessor's Parcel #: 21
Assessor Parcel Ltr: C
Add'l Parcels: Yes
Tax Municipality: Phoenix
Census Tract: 111201
Taxes: 6809
Legal: ORANGEDALE TRACT PT LOT 24 S 127' OF N 177' OF W 143'
Marketing Name: Aero Phoenix
House Number: 2539
Compass: N
Street Name: 48TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85008
Zip4: 2547
County Code: Maricopa
Subdivision: ORANGEDALE TRACT 12 78
Assessor Number: 126-17-021-C
Tax Year: 2025
General Property Description
# of Buildings: 3
Uncvrd Parking Spcs: 13
Lot Size Dimensions: 143x177
Total # of Units: 21
Elementary School District: Balsz Elementary District
High School District: Phoenix Union High School District
Year Built: 1985
Zoning: R-4
Legal Info
Range: 4E
Section: 32
Township: 2N
Lot Number: 24
Project Type
13 - 24 Units: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Foam: 1
Floors
Vinyl: 1
Sale Includes
Land & Building: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 6809
Other Income: 36000
Vacancy Allowance: 0.05
Adjusted Gross Inc: 353400
Pmt & Rate Info
Cap Rate: 5.6
Equity: 4970000
Down Payment %: 1988000
Monthly Payments: 14711
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Individual: 1
Cooling
Electric: 1
Individual: 1
Exterior Amenities
Desert Landscaping: 1
Rain Gutters: 1
Tenant Pays
Electricity: 1
Appliances Included
Dishwasher: 1
Disposal: 1
Microwave: 1
Refrigerator: 1
Washer/Dryer: 1
W/D Hookup: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Projected Proforma: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
>1 Space Per Unit: 1
Electric
Other (See Remarks): 1
Gas
Other (See Remarks): 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
Cash: 1
Conventional: 1
No Carry: 1
1031 Exchange: 1
Reports/Disclosures
Other (See Remarks): 1
Environmental
Other (See Remarks): 1
Efficiency Units
# Efficiency Units: 1
Avg Rent: 975
Avg SqFt: 180
# Baths: 1
1 Bedroom Units
# 1 Bedroom Units: 20
Avg Rent: 1313
Avg SqFt: 700
# Baths: 1
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Geo Lat: 33.476065
Geo Lon: -111.977746
Income Expenses
Gross Annual Sch Inc: 336000
Net Operating Income: 278360
Property Features
Project Type: 13 - 24 Units
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Foam
Floors: Vinyl
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Desert Landscaping; Rain Gutters
Appliances Included: Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer; W/D Hookup
Heating: Individual
Cooling: Electric; Individual
Water Source: City Franchise
Sewer: Sewer - Public
Electric: Other (See Remarks)
Gas: Other (See Remarks)
Parking Features: Carport; >1 Space Per Unit
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity
Source of Fincl Data: Owner; Projected Proforma
Lockbox Type: None
New Financing: Cash; Conventional; No Carry; 1031 Exchange
Environmental: Other (See Remarks)
Listing Office: Matthews Real Estate Investment Services
Last Updated: December - 17 - 2025
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