Melinda Muller
REALTOR®, CRS, CLHMS, CSP
BEDS0
BATHS
MLS#6988566
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONPALOMINO ESTATES
SCHOOLBuckeye Union High School District
Property Description
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)
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air, Heat Pump, Electric, Varies by Unit, Ceil
Heating: Electric
Roof Type: Composition
Taxes: $1,184
Year Built: 1960
Feature Descriptions
Community Features: No Pool
Days on Site: 72
Exterior: Block, Painted
Flooring: Ceramic Tile
Parking: >1 Space Per Unit, Off Street
Water: City Franchise
Local Schools
High School: Buckeye Union High School
Middle School: Pat Tillman Middle School
Elementary School: Brunson-Lee Elementary School
School District: Buckeye Union High School District
Listed By / Shown By
Listed By
Agency Name: HomeSmart
Agency Phone: 602-230-7600
Shown By
Agent Name: Melinda Muller
Agent Phone: (480) 980-5213
Agency Title: Arizona Best Real Estate
Estimate Your Payment
Estimated Payment
$ 2,439.69 per month $2,069.78 Principal & Interest $98.67 Property Tax $271.25 Homeowner's InsuranceChange Payment Information
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1321 N 48th Place | MLS# 6988566
This multi-family property located at 1321 N 48th Place, Phoenix, AZ 85008 is currently listed for sale with an asking price of $930,000. N 48th Place is located within the Buckeye Union High School District school district. Search Phoenix real estate on mmuller.arizonabest.com today.