4848 N 36TH Street 115, Phoenix, AZ 85018, Phoenix, 85018 - 1 bed, 1 bath
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Phoenix, AZ 85018
This Turnkey Income-Generating Asset is listed at $395,000, representing a stable valuation for a premium unit relative to its $360,635 Fair Market Value. Boasting a Condition Rating of 3, the interior features granite countertops, stainless steel appliances, and a gas fireplace. Exceptional amenities like the direct-access one-car garage and a personal wine cellar provide a distinct market edge. Currently leased through August 2026, this property offers immediate cash flow near the 6-rated Biltmore Preparatory Academy. This is a sophisticated acquisition for Buy-and-Hold Investors or Portfolio Diversifiers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4848 N 36TH Street 115 Subject | $395,000* List Price | 1 | 1 | 735 | $491 | - |
A 4148 E CALLE REDONDA -- 84 Sold | $320,000 | 2 | 2 | 848 | $377 | 0.8 mi |
B 4411 N 40TH Street 55 Sold | $430,000 | 2 | 2 | 1,024 | $420 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and features significant interior upgrades that elevate it above its 1994 construction year. The kitchen is well-appointed with granite countertops, an undermount sink, and high-quality stainless steel KitchenAid appliances. The living areas feature modern dark wood-look flooring, crown molding, and updated ceiling fans. While the cabinetry reflects an older style, the overall maintenance and selective modernizations to major surfaces and appliances meet the criteria for a 'good' condition rating.
The unit features high-end finishes including stainless steel appliances, granite countertops, crown molding, and a gas fireplace, offering a modern and sophisticated living environment.
This ground-floor unit includes a private one-car garage with direct entry into the home, a rare and highly desirable feature for condominiums that provides enhanced security and convenience.
Residents benefit from luxury lifestyle additions including a heated community pool and spa, a clubhouse, and a unique personal wine cellar, which adds significant market appeal.
The property is currently leased until August 31, 2026, making it unsuitable for owner-occupants looking for a primary residence in the near term and limiting the buyer pool to investors.
At 735 square feet, the one-bedroom layout is relatively small, which may limit its appeal to buyers requiring more space for a home office or additional storage.
This property is currently rented until August 31, 2026.This is a ground floor unit with a 1 car garage that enters directly into the unit. Very nicely upgraded-SS appliances and granite counters, designer paint and crown molding, gas fireplace. Master bedroom is spacious with a large walk in closet.The complex has a heated community pool and spa, a clubhouse and your own personal wine cellar. A must see!
No exterior & parking available.
Grades K-8 • 0.4 mi
Grades 9-12 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 20% |
| Baths | 1.0 | 2.0 | 30% |
| Square foot | 735 | 1,038 | 9% |
| Lot Size | 678 | 805.5 | 33% |
| Price | $395.0K | $287.5K | 78% |
| Price per sq ft | $537 | $299 | 89% |
| Built year | 1994 | 1972 | 85% |
| HOA | $343 | $364 | 48% |
| Days on market | 81 | 1442 | 2% |
Feb 4, 2026
$395,000
Initial Listing