$1,399,000
Phoenix, AZ 85008
MLS# 7041284
1 / 160
Property Description
Prime multifamily investment opportunity Beautiful! well maintained and unique 4-unit + the big storage could be converted as a studio. This 4plex features a welcoming gazebo in the front yard to entertain guests, 3 units 2bed/2bath, 1 unit 2bed/1bath, Roof replace in 2024, and new AC in 2 units. Each unit has its own private patio as well as coin laundry room, build-in Bar-b cue, sparkling pool. Fully occupied by long term tenants (please don't disturb). Property is perfectly situated in Phoenix with convenient access to major freeways, super market, restaurants, and across from elementary school. Buyers and Buyer's agent to verify all facts and figures.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $1,399,000
List Price: $1,399,000
Status: Active
List Date: 2026-06-12
Location, Tax & Legal
Assessor's Map #: 13
Legal Description (Abbrev): LOT 41 PALOMINO ESTATES MCR 008323
Assessor's Parcel #: 85
Assessor Parcel Ltr: B
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 111202
Taxes: 2123
Legal: LOT 41 PALOMINO ESTATES MCR 008323
Marketing Name: Unknown
House Number: 1313
Compass: N
Street Name: 48TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85008
Zip4: 5867
Country: US
County Code: Maricopa
Subdivision: PALOMINO ESTATES
Assessor Number: 125-13-085-B
Tax Year: 2025
General Property Description
# of Buildings: 3
Uncvrd Parking Spcs: 8
Lot Size Dimensions: 17,052
Total # of Units: 4
Elementary School District: Balsz Elementary District
High School District: Phoenix Union High School District
Year Built: 1964
Zoning: R-3
Legal Info
Range: 4E
Section: 5
Township: 1N
Lot Number: 41
Project Type
Four Plex: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Other: 1
Floors
Tile: 1
Vinyl: 1
Ceramic Tile: 1
Carpet: 1
Sale Includes
Land & Building: 1
Pool Equipment: 1
Laundry Equipment: 1
Income & Expenses
Annual Elec Exp: 1500
Annual Gas Exp: 4200
Annual Landscape Exp: 0
Annual Wtr/Swr Exp: 12000
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 19823
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Total Monthly Rental Income: 6500
Pmt & Rate Info
Equity: 1399000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
None: 1
Community Features
Pool: 1
Barbecue: 1
Heating
Electric: 1
Cooling
Ceiling Fan(s): 1
Electric: 1
Exterior Amenities
Landscape Water System: 1
Fenced: 1
Partially Fenced: 1
Interior Features
Fire/Smoke Alarm(s): 1
Mini Blinds: 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Refrigerator: 1
Washer/Dryer: 1
W/D Hookup: 1
Road Access Type
City Street: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Paved: 1
Electric
SRP: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Electric: 1
Gas: 1
Pool Maintenance: 1
New Financing
Cash: 1
Conventional: 1
1031 Exchange: 1
Special
Accept Backups (CLO): 1
Existing 1st Loan Type
Fixed: 1
Existing 1st Loan Terms
Non Assumable: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Contact Info
List Agent Home Phn: 623-451-0744
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 1500
Avg SqFt: 800
# Baths: 2
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: 48th St & McDowell
Directions: Head East on McDowell, South on 48th St, to property.
Geo Lat: 33.462432
Geo Lon: -111.978121
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Painted
Roofing: Other
Floors: Tile; Vinyl; Ceramic Tile; Carpet
Sale Includes: Land & Building; Pool Equipment; Laundry Equipment
Community Features: Pool; Barbecue
Exterior Amenities: Landscape Water System; Fenced; Partially Fenced
Interior Features: Fire/Smoke Alarm(s); Mini Blinds
Appliances Included: Refrigerator; Washer/Dryer; W/D Hookup
Cooling: Ceiling Fan(s); Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: SW Gas
Parking Features: Paved
Road Access Type: City Street
Road Surface Type: Asphalt
Owner Pays: Water; Electric; Gas; Pool Maintenance
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner
Special: Accept Backups (CLO)
Lockbox Type: None
Existing 1st Loan Type: Fixed
Existing 1st Loan Terms: Non Assumable
New Financing: Cash; Conventional; 1031 Exchange
Environmental: None
Listing Office: My Home Group Real Estate
Last Updated: June - 12 - 2026
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