$1,950,000
$2,100,000
7.1%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 02/25/2021
Key Details
Sold Price $1,950,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 6059233
Sold Date 02/25/21
Maintenance Fees $12,800
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1968
Annual Tax Amount $9,482
Tax Year 2019
Lot Dimensions Irr
Property Description
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**
Location
State AZ
County Maricopa
Zoning R-4
Interior
Heating Heat Pump
Cooling Heat Pump
Appliance Refrigerator, BI OvenRange, WasherDryer
Exterior
Community Features No Pool
Roof Type Built-Up
Total Parking Spaces 16
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
Elementary Schools Encanto School
High Schools Central High School
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 110-26-076-D
Acceptable Financing No Carry, Conventional, 1031 Exchange
Listing Terms No Carry, Conventional, 1031 Exchange
Financing Conventional
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