Homes for Sale in Arizona

1820 W Mulberry Drive, Phoenix, AZ 85015 (MLS # 6059233)

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PRICE $2,100,000
BEDS n/a
BATHS 0 baths
HOME SIZE n/a
LOT SIZE n/a

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**

DAYS ON MARKET 59 LAST UPDATED 4/1/2020
YEAR BUILT 1968 COUNTY Maricopa
STATUS Active PROPERTY TYPE(S) Multi Family

SCHOOLS
School District Phoenix Union High School District (210)
Elementary School Encanto School
Grade School Osborn Elementary District (008)
High School Central High School


ADDITIONAL DETAILS
1 BEDROOM UNITS: # 1 BEDROOM UNITS 16
1 BEDROOM UNITS: # BATHS 1
1 BEDROOM UNITS: AVG RENT 862.00
1 BEDROOM UNITS: AVG SQFT 640
2 BEDROOM UNITS: # 2 BEDROOM UNITS 0
2 BEDROOM UNITS: # BATHS 0
2 BEDROOM UNITS: AVG RENT 0.00
2 BEDROOM UNITS: AVG SQFT 0
3 BEDROOMS UNITS: # 3 BEDROOM UNITS 0
3 BEDROOMS UNITS: # BATHS 0
3 BEDROOMS UNITS: AVG RENT 0.00
3 BEDROOMS UNITS: AVG SQFT 0
4 BEDROOMS UNITS: # 4 BEDROOM UNITS 0
4 BEDROOMS UNITS: # BATHS 0
4 BEDROOMS UNITS: AVG RENT 0.00
4 BEDROOMS UNITS: AVG SQFT 0
APPLIANCES INCLUDED BI Oven/Range, Refrigerator, Washer/Dryer
COMMUNITY AMENITIES No Pool
CONST - FINISH Painted
CONSTRUCTION Frame - Wood
COOLING Heat Pump
COUNTY CODE Maricopa
ELECTRIC APS
ELEMENTARY SCHOOL Encanto School, Encanto School
EXTERIOR AMENITIES Green Landscaping, Partially Fenced, Patio/Balcony
FLOORS Ceramic Tile
GAS SW Gas
HEATING Heat Pump
HIGH SCHOOL Central High School, Central High School
INCOME & EXPENSES: ADJUSTED GROSS INC 196270.00
INCOME & EXPENSES: ANNUAL ELEC EXP 20909.00
INCOME & EXPENSES: ANNUAL GAS EXP 2314.00
INCOME & EXPENSES: ANNUAL INS EXP 4576.00
INCOME & EXPENSES: ANNUAL LAND LSE EXP 0.00
INCOME & EXPENSES: ANNUAL LANDSCAPE EXP 0.00
INCOME & EXPENSES: ANNUAL LEGAL & ACCTG 4696.00
INCOME & EXPENSES: ANNUAL MAINT EXP 12800.00
INCOME & EXPENSES: ANNUAL MGMT EXP 7899.00
INCOME & EXPENSES: ANNUAL OTHER EXPENSE 545.00
INCOME & EXPENSES: ANNUAL OWNR ASOC FEE 0.00
INCOME & EXPENSES: ANNUAL PAD FEE 0.00
INCOME & EXPENSES: ANNUAL RPLCMNT RSRVS 4000.00
INCOME & EXPENSES: ANNUAL TRASH EXP 2990.00
INCOME & EXPENSES: ANNUAL WTR/SWR EXP 4365.00
INCOME & EXPENSES: GROSS ANNUAL SCH INC 182400.00
INCOME & EXPENSES: NET OPERATING INCOME 119205.00
INCOME & EXPENSES: OPERATING EXP 74576.00
INCOME & EXPENSES: OTHER INCOME 24200.00
INCOME & EXPENSES: OWNER ASSOCIATION No
INCOME & EXPENSES: VACANCY ALLOWANCE 0.05
INTERIOR AMENITIES Unfurnished, Vertical Blinds
LEGAL INFO: LOT NUMBER 194
LEGAL INFO: RANGE 3E
LEGAL INFO: SECTION 30
LEGAL INFO: TOWNSHIP 2N
LOT SIZE DIMENSIONS Irr
MARKETING NAME MULBERRY APARTMENTS
NEW FINANCING 1031 Exchange, Conventional, No Carry
OWNER PAYS Gas, Sewer, Trash Collection, Water
PARKING 1 Space/Unit
PROJECT TYPE 13 - 24 Units
ROADS/STREETS Asphalt
ROOFING Built-Up
SALE INCLUDES Building(s) Only
SEWER Sewer - Public
SOURCE OF FINCL DATA Projected Proforma
TAX MUNICIPALITY Phoenix
TAXES 9482.00
TENANT PAYS Electric
TOTAL # OF UNITS 16.00
TOTAL PARKING SPCS 16.00
WATER City Franchise
ZONING R-4

ZESTIMATE
1820 W Mulberry Drive, Phoenix, AZ

RENT ZESTIMATE
$ / mo.  1820 W Mulberry Drive, Phoenix, AZ

60 Somewhat Walkable



 
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Data last updated 5/29/20 12:48 AM PDT.