2539 N 48TH Street, Phoenix, AZ 85008

$4,750,000

Property Type: Multiple Dwellings Status: Active

Current Price: $4,750,000 Last Modified: 2/09/2026

Overview

Listing Details MLS# 6958789

Location, Tax & Legal

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
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

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 143x177
Year Built: 1985
Uncvrd Parking Spcs: 13
Total # of Units: 21
# of Buildings: 3
Zoning: R-4
Elementary School District: Balsz Elementary District
High School District: Phoenix Union High School District

Legal Info

Township: 2N
Range: 4E
Section: 32
Lot Number: 24

Income Expenses

Gross Annual Sch Inc: 336000
Net Operating Income: 278360

More Information

Showing Notification Methods

Showing Service: No Showing Service Used

Efficiency Units

# Efficiency Units: Yes
Avg Rent: 975
Avg SqFt: 180
# Baths: Yes

1 Bedroom Units

# 1 Bedroom Units: 20
Avg Rent: 1313
Avg SqFt: 700
# Baths: Yes

Project Type

13 - 24 Units: Yes

Construction

Wood Frame: Yes

Const - Finish

Painted: Yes
Stucco: Yes

Roofing

Foam: Yes

Floors

Vinyl: Yes

Sale Includes

Land & Building: Yes

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

Lockbox Type

None: Yes

Community Features

No Pool: Yes

Heating

Electric: Yes
Individual: Yes

Cooling

Electric: Yes
Individual: Yes

Exterior Amenities

Desert Landscaping: Yes
Rain Gutters: Yes

Tenant Pays

Electricity: Yes

Appliances Included

Dishwasher: Yes
Disposal: Yes
Microwave: Yes
Refrigerator: Yes
Washer/Dryer: Yes
W/D Hookup: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes
Projected Proforma: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

Carport: Yes
>1 Space Per Unit: Yes

Electric

Other (See Remarks): Yes

Gas

Other (See Remarks): Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes

New Financing

Cash: Yes
Conventional: Yes
No Carry: Yes
1031 Exchange: Yes

Reports/Disclosures

Other (See Remarks): Yes

Environmental

Other (See Remarks): Yes

2 Bedroom Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

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: February - 09 - 2026