MULBERRY APARTMENTS 16-Units 1820 W. Mulberry Dr. Phenix, AZ 85015 PRICE: $1,760,000 NEAR ENCANTO CHIC MIDCENTURY LOOK NUMBER OF UNITS: 16 INTERIOR/EXTERIOR REHAB LOW VACANCY AREA UNIT PRICE: $110,000 WASHER/DRYER IN UNITS QUARTZ TOPS/STAINLESS APPLIANCES CAP RATE: 4.7% / 5.2% PRIVATE BACK YARDS/BALCONIES LOW MAINTENANCE BUILDING www.gpcimultifamily.cm Mark.Skelpsa@GPCIMultfamily.cm Terry.Kass@GPCIMultfamily.cm
PROPERTY SUMMARY PROPERTY DESCRIPTION PARCEL UTILITIES NUMBER OF UNITS 16 NUMBER OF PARCELS 1 HVAC Rf-Munted HVAC YEAR BUILT 1968 TAX NUMBER PARCELS 110-26-076D ELECTRICITY Submetered NET RENTABLE SF 5,474 ZONING R-4 WATER/SEWER Master Metered NUMBER OF BUILDINGS 3 2016 ASSESSED PROPERTY TAX $4,314 GAS Gas Biler NUMBER OF STORIES 2 PARCEL SIZE.42 Acre PARKING 16 Cvered LAUNDRY In Units & Onsite CONSTRUCTION Frame ROOFS Cmp Shingle
FINANCIAL SUMMARY
AREA INFORMATION Lcatin Lcatin! Mulberry Apartments is a beautiful renvated prperty in central Phenix. The mid-century lk and all 1-bedrm units are perfect fr the dwntwn crwd. Tenants lve the prximity t the arts and fd districts, Encant Park, and easy freeway access. Each unit has its wn private yard r balcny, and an in-unit washer/dryer. The extensive renvatins include new flring, high end cabinets, stainless appliances, and quartz cuntertps. Electric is submetered and billed back t the tenants. Ht water is prvided by a central biler. The prperty enjys lw vacancy and lw maintenance. This easy keeper is a beautiful additin t yur incme prtfli!
Phenix Metr Ecnmic Highlights Phenix, Arizna s capital, is the sixth largest city in the United States with just ver fur millin residents. As ne f the fastest grwing regins in the natin, Greater Phenix represents apprximately 75 percent f the state s ecnmy. Arizna s favrable business climate and clse prximity t majr markets create an advantageus perating envirnment fr cmpanies lking t expand r relcate t the regin. The vibrant grwth f the Phenix Metr area has utpaced U.S. ppulatin grwth fr the past 21 years and is ne f ten U.S. markets expected t see mst f the natin s grwth ver the next 40 years. In fact, the Phenix Metr is expected t grw t 6.3 millin by 2030. Greater Phenix is als the sixth yungest metrplitan regin in the natin. The regin s median age f 34.7 is yunger than that f Denver, Ls Angeles, Las Vegas, San Francisc. Business services and turism make up ver 75% f the ecnmy in Phenix. In additin, the Metr area ffers a strng, established health care and life sciences industry, with sme f the natin s majr players such as May Clinic, Scttsdale Healthcare, Banner Healthcare, lcated here. Jbs in the health care field are grwing three times faster than the natinal average. Additinally the Metr is hme t majr emplyers such as: Intel, State Farm, American Express, Wells Farg, PayPal, and Orbital ATK. Nearly 32,000 jbs in the area are in high-tech manufacturing, develpment, engineering, and research and design. Manufacturing is als a majr cmpnent f the emplyment base. Phenix Sky Harbr Internatinal Airprt served mre than 44 millin passengers in 2015, making it the ninth busiest airprt in the U.S. and amng the tp 25 in the wrld. #1 In Jb Grwth Expectatin #9 Best Place T Retire #3 Fastest Grwing City #10 Mst Fiscally Fit City #12 Best City T Live And Wrk Frbes Bankrate.cm Frbes Sperling s Best Places Rbert Half www.gpcimultifamily.cm Mark.Skelpsa@GPCIMultfamily.cm Terry.Kass@GPCIMultfamily.cm
PHOENIX METRO LIGHT RAIL ROUTES CENTRAL TER www.gpcimultifamily.cm Mark.Skelpsa@GPCIMultfamily.cm Terry.Kass@GPCIMultfamily.cm
DISCLAIMER: All prperty infrmatin, either written r verbal, is prvided withut representatin r warranty as t cmpleteness, veracity, accuracy, cnditin f the prperty, regulatry cmpliance, feasibility, r prjected financial perfrmance f the prperty. All data and assumptins regarding financial perfrmance, including that prvided fr financial mdeling purpses, may differ frm actual data. Yu are strngly urged t verify all infrmatin and t btain third party prfessinal cunsel regarding all matters (ie. inspectin, tax, title, legal, engineering, architectural, gvernmental, etc.) www.gpcimultifamily.cm Mark.Skelpsa@GPCIMultfamily.cm Terry.Kass@GPCIMultfamily.cm