Listing ID6397585
Price$1,820,000
StatusActive
CountyMaricopa
Year Built1955
Property TypeMultifamily Residential
Property Sub Type5 - 12 Units
2515 North 48th Street is a 7-unit garden-style apartmentcommunity located in Phoenix, Arizona. Situated in thePapago Area of Phoenix, residents enjoy direct accessto all areas of the Phoenix Valley by way of the Loop202 and 143 Freeways which lead to Interstate 10. Theproperty is central to numerous dining, entertainment, andrecreational opportunities in the nearby area of Arcadia,The Biltmore in Phoenix, the Mill Avenue District, TempeTown Lake, Arizona State University (Tempe Campus),and Old Town Scottsdale. Business and leisure travelerswill appreciate the short rideshare to and from PhoenixInternational Sky Harbor Airport. Fitness enthusiasts willenjoy the property's location near Phoenix's iconic PapagoPark. The 1,200-acre park is home to numerous attractions
including: Desert Botanical Gardens, Phoenix Zoo, Papago
Golf Course, Papago Sports Complex, as well as miles of
hiking trails, bike paths, and lakes.
The property's unit mix consists of (1) studio, (3) one-
bedroom / one-bath units, (1) two-bedroom / one-bath
unit, and (2) three-bedroom / two-bath units. Each unit
is individually metered for electricity and hot water and
select units enjoy washer / dryer hook-ups, and
private yards
County
Maricopa
Property Sub Type
5 - 12 Units
Property Type
Multifamily Residential
Year Built
1955
Zoning
R-4
1 Bedroom Units
3
1 Bedroom Units: Average SqFt
650
1 Bedroom Units: Number of Baths
1
2 Bedroom Units
1
2 Bedroom Units: Average SqFt
1000
2 Bedroom Units: Number of Baths
1
3 Bedrooms Units
2
3 Bedrooms Units: Average SqFt
1395
3 Bedrooms Units: Number of Baths
2
Appliances Included
Other (See Remarks)
Average SqFt
447
Baths
1
Cooling
See Remarks
Efficiency Units
1
Floors
Other
Heating
See Remarks
Total Units
7
Construction
Block
Covered Parking Spaces
2
Exterior Finish
Painted
Lot Size Dimensions
unknown
Parking
>1 Space Per Unit, Other (See Remarks)
Roads/Streets
Asphalt
Roofing
Other (See Remarks)
Total Parking Spaces
16
Country
USA
Cross Street
Thomas & 48th St
High School District Number
210 - Phoenix Union High School District
Lot Number
24
Map Code/Grid
P38
School District
031 - Balsz Elementary District
Community Amenities
No Pool, Other
Electric
SRP
Entry Timestamp
2022-05-11T10:25:51+00:00
Gas
Other (See Remarks)
Marketing Name
2515 N 48th St
Owner Association
No
Sewer
Sewer - Public
Vacancy Allowance
0.05
Water
City Franchise
1 Bedroom Units: Average Rent
1395
2 Bedroom Units: Average Rent
1795
3 Bedrooms Units: Average Rent
2295
Adjusted Gross Income
138073
Average Rent
1075
Contingency Type
No
Financial Data Source
Provided by Owner
Gross Annual Scheduled Income
139740
Net Operating Income
114537
New Financing
Conventional, Other (See Remarks)
Operating Expense
3140
Other Income
5600
Owner Pays
Sewer, Trash Collection, Water
Sale Includes
Other (See Remarks)
Tax Municipality
Phoenix
Taxes
3140
Tenant Pays
Electric, Other (See Remarks)
Contact - Listing ID 6397585
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
Data services provided by IDX Broker
