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2539-2547 N 48th St
Phoenix, AZ 85008
Aero Phoenix · Multifamily Property For Sale
·
21 Units
Investment Highlights
- Dynamic East Phoenix Location with Extremely High Barriers to Entry
- Potential Revenue Enhancement Through Full-Size Interior Washer & Dryer Installation in Remaining 17 Units
- Extensively Renovated Community with Best-in-Class Finishes
- Excellent Nearby Amenities Including Papago Park Corridor and Old Town Scottsdale
Executive Summary
JLL is pleased to introduce Aero Phoenix, a 21-unit apartment community located in Phoenix, Arizona. The community has been extensively renovated to provide a modern, high-quality living experience with best-in-class finishes. Updated features include vinyl plank flooring, quartz countertops, stainless-steel appliances, white shaker cabinetry with brushed nickel hardware, subway tile backsplashes, updated lighting, dual pane windows and full-size in-suite washers and dryers in select units. In addition to interior improvements, the property has benefited from exterior upgrades, including refreshed landscaping and enhanced community amenities to ensure long-term operational efficiency. Aero Phoenix is located within the high-performing Papago submarket, within proximity to leading lifestyle amenities and employment centers—just minutes from the Arcadia Crossing shopping center and less than 5 miles from Scottsdale Fashion Square.
Property Facts
| Price Per Unit | $209,524 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.58 AC |
| No. Units | 21 | Building Size | 14,180 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1985 |
| Zoning | M-H | ||
| Price Per Unit | $209,524 |
| Sale Type | Investment |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.58 AC |
| Building Size | 14,180 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1985 |
| Zoning | M-H |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Freezer
Site Amenities
- Walking/Biking Trails
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | 350 |
| 1+1 | 20 | - | 750 |
Property Taxes
| Parcel Number | 126-17-021A | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $21,656 |
Property Taxes
Parcel Number
126-17-021A
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$21,656
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