1321 N 48th Place, Phoenix, AZ 85008
- $929,900
- List Price
- $929,900
- Price Change
- ▼ $100 1782799874
- Days on Market
- 154
- Status
- ACTIVE
- MLS#
- 6988566
- City
- Phoenix
- Subdivision
- Palomino Estates
- Year Built
- 1960
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. 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.
/u.realgeeks.media/brandyaguirreaz/Untitled_(500_×_250_px).png)
Additional Information
- Elementary School
- Brunson-Lee Elementary School
- High School
- Buckeye Union High School
- Middle School
- Pat Tillman Middle School
- Community Features
- No Pool
- Construction
- Block, Painted
- Cooling
- Central Air, Heat Pump, Electric, Varies by Unit, Ceiling Fan(s)
- Electric
- SRP
- Flooring
- Ceramic Tile
- Heating
- Electric
- New Financing
- FHA, Conventional, No Carry, Cash
- Parking Features
- >1 Space Per Unit, Off Street
- Roofing
- Composition
- Subdivision
- Palomino Estates
- Taxes
- $1,184
- Tax Year
- 2025
- Tenant Pays
- Electricity, Gas, Cable TV
- Units
- 4
- Water
- City Franchise
- Zoning
- Multi-Family
Mortgage Calculator
Listing courtesy of HomeSmart.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.