For Sale Multi-Family MLS# 6988566

1321 N 48TH Place

Phoenix, AZ 85008

$899,000

arizona-regional-mls-rsd logo

Listing Office

Officearizona-regional-mls-rsd logoHomeSmart
AgentMonica Coker
Phone602-230-7600

About 1321 N 48TH Place

This high-yield, well-maintained fourplex in Phoenix is perfectly situated in a quiet cul-de-sac, just south of McDowell & 48th St. Featuring four 2-bedroom, 1-bathroom units, this turnkey property boasts durable block construction and ceramic tile flooring, along with several recent updates. With convenient access to major freeways, supermarket, stores, and located just across from elementary school, these units are highly desirable and in great demand. 4 UNITS FULLY OCCUPIED; Units 1 and 2 have just been remodeled/upgraded. Units 3 and 4 have long-term tenants. Roofing replaced in 2017. All water heaters are newer (2021-2025). Each unit has its own private patio as well as washer/dryer hook-ups. Separate storage room outside unit 4. Amazing 6.4% CAP.

Property details

Property

Type
multi
MLS type
Multi Family Home
Status
Active
Year built
1960
Original price
$930,000
MLS #
6988566

Interior

Features
Central Air, Ceiling Fan(s), Electric, Heat Pump, Varies by Unit, Electric, Ceramic Tile
Flooring
Ceramic Tile
Heating
Electric
Cooling
Central Air, Ceiling Fan(s), Electric, Heat Pump, Varies by Unit

Exterior & lot

Features
Off Street, >1 Space Per Unit, Parking spaces: 5
Construction
Painted, Block, Composition
Roof
Composition
Lot
Multi-Family, 12513092A
Parking
Off Street, >1 Space Per Unit

Schools

District
Balsz Elementary District
Elementary
Brunson-Lee Elementary School
Middle
Pat Tillman Middle School
High
Buckeye Union High School

Utilities

Utilities
Public Sewer, City Franchise
Water
City Franchise
Sewer
Public Sewer

Financial

Financial
Arizona Regional Multiple Listing Service 2
Annual tax
$1,184
Tax year
2025
Parcel
12513092A

Location

Subdivision
PALOMINO ESTATES
County
Maricopa
Community
Maricopa, Asphalt, Arizona Regional Multiple Listing Service 2, Balsz Elementary District
Directions
Head East on McDowell, South on 48th St, East on Culver, North on 48th Place.

Location

Neighborhood
PALOMINO ESTATES
School district
Balsz Elementary District

Interested in this home?

Questions on 1321 N 48TH Place, Phoenix, AZ 85008, or want to see it in person?

The Anderson Team · (480) 900-9140

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