For Sale
$5,500,000
2539 48Th St Phoenix, AZ 85008
21-unit apartment building, Phoenix, AZ
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 136
Highlights
- 21-unit multifamily property in Phoenix, AZ, totaling 15,250 square feet of net rentable area.
- Recently renovated (2022) Class B complex with a mix of studio and one-bedroom units.
- Modern amenities include quartz countertops, shaker cabinets, stainless steel appliances, wood-style flooring, in-unit laundry, tile showers, garbage disposals, and central A/C & heat.
- Community features covered parking, a pergola, and a barbecue area.
- Strong financials: $5,500,000 asking price ($361/SF), $265,746 current NOI (4.83% cap rate), and a pro-forma NOI of $296,004 (5.38% cap rate).
Property Details for 2539 48Th St
- Property type
- Apartment buildings
- Class
- B
- Year Built/Renovated
- 1985/2022
- Buildings
- 3
- Stories
- 2
- Units
- 21
Location Insight
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Latitude
- 33.4759955
- Longitude
- -111.977854
Nearby Similar for Sale
FAQs
- What type of property is this?
- Apartment building - 21-unit apartment building, Phoenix, AZ
- Where is the apartment building located?
- The property is located at 2539 48Th St Phoenix, AZ.
- What is the asking price?
- The asking price for this property is $5,500,000.
- What are key features of this property?
- This property features: 21-unit multifamily property in Phoenix, AZ, totaling 15,250 square feet of net rentable area.; Recently renovated (2022) Class B complex with a mix of studio and one-bedroom units.; Modern amenities include quartz countertops, shaker cabinets, stainless steel appliances, wood-style flooring, in-unit laundry, tile showers, garbage disposals, and central A/C & heat.
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