Mulberry Place | 4316 North 20th Avenue, Phoenix, AZ 85015 | 19 Units | $3,200,000 | $168,421 Per Unit | $249.90 Per SF
PRESS RELEASE
FOR IMMEDIATE RELEASE
Contact:
Corporate Headquarters
ABI Multifamily
Phone: 602.714.1400
Company Website: www.ABImultifamily.com
Phoenix, AZ. (August 7, 2025) – ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $3,200,000 / $168,421 Per Unit / $249.90 Per SF sale of Mulberry Place, a 19-unit multifamily apartment community located in Phoenix, Arizona. The Buyer was represented by ABI Multifamily's Tom Palestina, Bryce Neagle, and Andrew Arambula. ABI Multifamily's Mitchell Drake, Dallin Hammond, and Carson Griesemer represented the Seller in this transaction.
The Buyer and Seller are based in Arizona.
Built in 1934 and 1976, Mulberry Place is a 19-unit, garden-style community located in Phoenix, Arizona. The unit mix features seven 1-bed / 1-bath units, ten 2-bed / 1-bath units, one 2-bed / 2-bath unit, and one 4-bed / 2-bath unit. The buildings are comprised of block construction and pitched roofs situated on approximately 1.5 acres of land split between two parcels. The property provides parking and spacious private yards for each unit, an on-site laundry facility, and a common area. All units are individually metered for electricity.
Mulberry Place is located in the Encanto Village neighborhood and less than two miles away from the Melrose District along 7th Avenue. The property is also near Grand Canyon University, Encanto Golf Course, Phoenix College, Saint Joseph’s Hospital, and Phoenix Country Club as well as the I-17, SR-51, and the I-10 Freeway.
ABI Multifamily (https://www.abimultifamily.com/) is a brokerage and advisory services firm that focuses exclusively on apartment investment transactions. With offices in Phoenix, Las Vegas, San Diego, and Tucson, the experienced advisors at ABI Multifamily have completed billions of dollars in sales and thousands of individual multifamily transactions. ABI Multifamily incorporates a global approach with regional real estate expertise to successfully complete any multifamily transaction, regardless of size and complexity.