2515 N 48th Street, Phoenix, AZ 85008

$2,100,000
List Price
$2,100,000
Status
ACTIVE
Days on Market
10
MLS#
6397585
City
Phoenix
Lot Size
2
Year Built
1955

Property Description

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

Additional Information

Gross Annual Sch Inc
139740
Other Income
5600
Adjusted Gross Inc
138073
Taxes
$3,140
Operating Exp
3140
Net Operating Income
$114,537
Units
7
Project Type
5 - 12 Units
Construction
Block
Roofing
Other (See Remarks)
Parking
>1 Space Per Unit, Other (See Remarks)
Cooling
See Remarks
Heating
See Remarks
Floors
Other
Zoning
R-4
Community Amenities
No Pool, Other
Electric
SRP
Gas
Other (See Remarks)
Water
City Franchise
Sewer
Sewer - Public
Tenant Pays
Electric, Other (See Remarks)
New Financing
Conventional, Other (See Remarks)
School District
210 - Phoenix Union High School District

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of ABI Multifamily.

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