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1321 N 48TH Place

Phoenix, AZ 85008
  • $930,000
  • STATUS: Active
  • ID#: 6988566
UPDATED: 22 min ago
$930,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1960
County:
Area:

School Information

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 6.5% CAP (Pro forma)

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Arizona Regional MLS logo© 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Long Realty Company. Data last updated 2026-04-18T16:13:13.71.
www.arizonahomesearch.com/homes/173279004
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1321 N 48TH Place Phoenix, AZ 85008

  • Price: $930,000
  • Status: Active
  • On Site: Days
  • Updated: 22 min ago
  • ID#: 6988566
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1960
Built
Neighborhood:
Palomino Estates
County:
Maricopa
Area:
Phoenix
Elementary School:
Brunson-Lee Elementary School
Middle School:
Pat Tillman Middle School
High School:
Buckeye Union High School
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 6.5% CAP (Pro forma)
Exterior Features

Attached Garage YN No Construction Materials PaintedBlock Covered Spaces 0 Exterior Features [] Open Parking Spaces 5 Parking Features Off Street>1 Space Per Unit Road Surface Type Asphalt Roof Composition

Interior Features

Cooling Central AirCeiling Fan(s)ElectricHeat PumpIndividual Cooling YN Yes FSOven Range Yes Heating Electric Heating YN Yes Interior Features [] WDHookup Yes

Property Features

Community Features No Pool Disclosures Seller Prop Disc Stm Flooring Ceramic Tile Gross Income 0 Listing Terms No CarryConventionalFHA Maintenance Expense 0 Owner Pays Trash CollectionWaterSewer Ownership Fee Simple Project Type Quadraplex Yes Property Condition [] Security Features Security Light(s) Sewer Public Sewer Tax Annual Amount 1184 Tax Year 2025 Water Source City Franchise Zoning Multi-Family

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Arizona Regional MLS logo© 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Long Realty Company. Data last updated 2026-04-18T16:13:13.71.
 
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Long Realty Company
4051 E. Sunrise Dr, Suite 101
Tucson AZ, 85718