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Sage Court is a 29-unit apartment community on 2.20 acres in the Central Phoenix sub-market.Recent Improvements: 2 New HVAC units.Located east of 7th Street and west of the SR-51 Freeway, close to Downtown Phoenix, Camelback Corridor, VA Hospital, shopping and schools, with plenty of transportation options.Property being sold ''As-Is.'' For the investor: This property offers the rare opportunity to acquire a garden-style apartment community located in a Phoenix Enterprise Zone with true value-add/reposition potential.Projected gross potential rent of $188,400, less 10% vacancy of $22,608 per year, added income of $4,350, equals $173,910 adjusted gross income.After expenses of $85,429, the pro forma net operating income of $85,429...See More
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