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