About 1321 N 48th Place
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. 4 UNITS FULLY OCCUPIED; 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 6.4% CAP.
Features of 1321 N 48th Place
| MLS® # | 6988566 |
|---|---|
| Price | $899,000 |
| Bedrooms | 8 |
| Bathrooms | 4.00 |
| Year Built | 1960 |
| Type | Multiple Dwellings |
| Status | Active |
Community Information
| Address | 1321 N 48th Place |
|---|---|
| Subdivision | PALOMINO ESTATES |
| City | Phoenix |
| County | Maricopa |
| State | AZ |
| Zip Code | 85008 |
Amenities
| Amenities / Community Features | No Pool |
|---|---|
| Parking Spaces | 5 |
| Parking | Off Street, >1 Space Per Unit |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Appliances | Free-Standing Range, Refrigerator, Free-Standing Electric Oven, Microwave, W/D Hookup |
|---|---|
| Heating | Electric |
| Cooling | Central Air, Ceiling Fan(s), Electric, Heat Pump, Individual |
| Fireplace | No |
Exterior
| Roof | Composition |
|---|---|
| Construction | Painted, Block |
School Information
| District | Buckeye Union High School District |
|---|---|
| Elementary | Brunson-Lee Elementary School |
| Middle | Pat Tillman Middle School |
| High | Buckeye Union High School |
Additional Information
| Zoning | Multi-Family |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | HomeSmart |
|---|