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
More Information MLS# 6958789
Contract Info
Ownership: Fee Simple Current Price: $4,750,000 List Price: $4,750,000 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: February - 09 - 2026
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