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Mulberry Park Apartments 730 Center St 68 Unit Apartment Building $10,880,000 ($160,000/Unit) Henderson, NV 89015
Investment Highlights
- All spacious 2-bedroom, 1-bathroom units, ideal for long-term tenant stability and strong rent demand
- Value-Add Upside – Opportunity to increase rents to market levels or further enhance unit interiors for additional income growth
- High Employment Base – Close proximity to major employers such as Google Data Center, Haas Automation, and the Henderson Hospital
- Prime Henderson Location – Minutes from Downtown Henderson and a short drive to the Las Vegas Strip, providing access to major employment & dining
- Strong Local Economy – Henderson is one of the fastest-growing cities in Nevada, fueled by tech, healthcare, and logistics sectors
- Thriving Submarket – Henderson consistently ranks as one of the most desirable residential areas in Southern Nevada, with strong rent growth
Executive Summary
Mulberry Park Apartments is a 68-unit multifamily community located in the heart of Henderson, Nevada, less than seventeen miles from the world-famous Las Vegas Strip.
Built in 1963, the property is situated on approximately 2.11 acres and features all 2-bedroom, 1-bathroom units approximately 667 sf each with updated finishes, offering investors an attractive blend of stable in-place income and continued value-add potential through additional interior upgrades.
Operational efficiency is supported by two on-site laundry rooms under a profitable contract, providing consistent ancillary income with no capital expenditures required.
Built in 1963, the property is situated on approximately 2.11 acres and features all 2-bedroom, 1-bathroom units approximately 667 sf each with updated finishes, offering investors an attractive blend of stable in-place income and continued value-add potential through additional interior upgrades.
Operational efficiency is supported by two on-site laundry rooms under a profitable contract, providing consistent ancillary income with no capital expenditures required.
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- Title and Insurance
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Kitchen
- Refrigerator
- Range
Site Amenities
- Courtyard
- Laundry Facilities
- Picnic Area
- Property Manager on Site
- Grill
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 68 | - | 658 - 676 |
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 179-17-511-049 | Improvements Assessment | $523,505 |
| Land Assessment | $476,000 | Total Assessment | $999,505 |
Property Taxes
Parcel Number
179-17-511-049
Land Assessment
$476,000
Improvements Assessment
$523,505
Total Assessment
$999,505
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Mulberry Park Apartments | 730 Center St
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