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1321 North 48th Place

Phoenix AZ 85008

5
Multi-Family
Currently for sale - view listing

Overview

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. 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 6.3% CAP (Pro forma)

Features

5 carspaces
5 open car spaces
Multi-Family

Property history for 1321 North 48th Place

2015
Sold
$154,000
24 Jul 2015 by Fred Weaver IV, of Keller Williams Realty Phoenix
2011
Sold
$50,480
06 Apr 2011 by Victor Vidales, of RE/MAX New Heights Realty

Happy sellers in Phoenix

100%
100% of sellers in Phoenix reported that their sale price either exceeded or met their price expectations.

Phoenix stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Phoenix over the last 12 months.

Local market activity for multi families in Phoenix

In the last 12 months, 21 multi families similar to 1321 North 48th Place, have been sold.

This represents a 5% increase in multi families sales when compared to the previous 12 months.

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