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Multifamily

2515 N. 48th St.

2515 N 48th St, Phoenix, AZ 85008

Listing Price: $1,470,000

Cap Rate
3.80%
Number of Units
7
Price/Unit
$210,000
Price/Gross SF
$50.37
Gross SF
29,185

Investment Overview

2515 North 48th Street provides a short commute to some of Arizona’s largest employers e.g. Carvana, DriveTime, Wells Fargo, and StateFarm, as well as Arizona State University’s Tempe campus. In the heart of urban and eclectic Arcadia Lite, the 2515 North 48th Street neighborhood is in high demand for the young professional. Sitting on 0.67 AC of R-4 multifamily land, there is opportunity to develop up to 15 total units.

Investment Highlights

  • Sitting on 0.67 AC in R-4 zoning, there is opportunity to develop up to 15 total units.
  • Located in Arcadia Lite, this area has a high demand for apartment living with 55% renter-occupied properties in its 5-mile radius.
  • Short commute to some of Arizona's largest employers and universities including Circle K , State Farm, Carvana, Arizona State University's Tempe campus and The University of Arizona's Phoenix campus.

Exclusively Listed By

Listing Price: $1,470,000

Cap Rate
3.80%
Number of Units
7
Price/Unit
$210,000
Price/Gross SF
$50.37
Gross SF
29,185

Investment Highlights

  • Sitting on 0.67 AC in R-4 zoning, there is opportunity to develop up to 15 total units.
  • Located in Arcadia Lite, this area has a high demand for apartment living with 55% renter-occupied properties in its 5-mile radius.
  • Short commute to some of Arizona's largest employers and universities including Circle K , State Farm, Carvana, Arizona State University's Tempe campus and The University of Arizona's Phoenix campus.

Investment Overview

2515 North 48th Street provides a short commute to some of Arizona’s largest employers e.g. Carvana, DriveTime, Wells Fargo, and StateFarm, as well as Arizona State University’s Tempe campus. In the heart of urban and eclectic Arcadia Lite, the 2515 North 48th Street neighborhood is in high demand for the young professional. Sitting on 0.67 AC of R-4 multifamily land, there is opportunity to develop up to 15 total units.

Exclusively Listed By

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