1820 W Mulberry Dr, Phoenix, AZ 85015
0 Beds
0 Baths
n/a sqft

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Mulberry Apartments is a beautiful mid-century, renovated property well located in central Phoenix. Residents love its close proximity to Central Avenue in the Encanto district of Phoenix. Current ownership has completed a complete interior upgrade program several years ago and the community is positioned for a new investor to expand on this upgrade program. Current rents are below market and upside in charging for utility reimbursements!16 x 1 Bedroom/1 Bath units each 640 sf in size featuring new modern kitchen cabinets, stainless steel appliances, quartz counter-tops, under-mounted sinks, new bathroom vanities with quartz counter-tops and stack-able washers and dryers in every unit.**SEE OFFERING MEMORANDUM IN DOCUMENTS TAB**
  • Price:
  • $2,100,000
  • Year Built:
  • 1968
  • Listing ID #:
  • 6059233
  • Street Address:
  • 1820 W Mulberry Dr
  • City:
  • Phoenix
  • State:
  • Arizona
  • Postal Code:
  • 85015
  • County:
  • Maricopa
  • Listing Status:
  • Active
2
out of 5

Central High School
Public
9-12
2250 students
15 student/
teacher
  • Construction Description:
  • Frame - Wood
  • Exterior Features:
  • Green Landscaping, Partially Fenced, Patio/Balcony
  • Flooring:
  • Ceramic Tile
  • Interior Features:
  • Unfurnished, Vertical Blinds
  • Number Of Units:
  • 16.00
  • Siding:
  • Painted
  • Type Of Roof:
  • Built-Up
  • Year Built:
  • 1968
  • Adjusted Gross Income:
  • 196270.00
  • Annual Electric Expenses:
  • 20909.00
  • Annual Gas Expenses:
  • 2314.00
  • Annual Insurance Expenses:
  • 4576.00
  • Annual Legal & Accounting Expenses:
  • 4696.00
  • Annual Maintenance Expenses:
  • 12800.00
  • Annual Management Expenses:
  • 7899.00
  • Annual Trash Expenses:
  • 2990.00
  • Annual Water/Sewer Expenses:
  • 4365.00
  • Net Operating Income:
  • 119205.00
  • Operating Expense:
  • 74576.00
  • Conforms To Zoning:
  • R-4
  • Community Features:
  • No Pool
  • Included In Sale:
  • Building(s) Only
  • Terms:
  • 1031 Exchange, Conventional, No Carry
  • Property Taxes:
  • $9,482
  • Tenant Pays:
  • Electric
  • Covered Parking Spaces:
  • 16.00
  • Parking Description:
  • 1 Space/Unit
  • Parking Spaces:
  • 16.00
  • Appliances:
  • Bi Oven/Range, Refrigerator, Washer/Dryer
  • Cooling System:
  • Heat Pump
  • Electricity:
  • Aps
  • Existing Water:
  • City Franchise
  • Gas:
  • Sw Gas
  • Heating:
  • Heat Pump
  • Sewage Type:
  • Sewer - Public
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo
  • Listings Provided by Keller Williams Arizona Realty
  • ARMLS
  • Schools information provided by ATTOM

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