Sage Court Apartments | Phoenix Multifamily | Vestis Group

Phoenix Multifamily For Sale | Sage Court | Phoenix Apartments For Sale

Phoenix Multifamily For Sale | Sage Court | Phoenix Apartments For Sale

Multifamily For Sale in Phoenix Arizona – 29-Units (Apartments)

 

Sage Court Apartments, 29-units (Multifamily)

730 East Turney Avenue, Phoenix, AZ 85014

$760,000

19,050 SF Bldg

29 Units

8.12% Cap Rate

Garden/Low-Rise

SOLD: COE 5/7/2013

 

AREA DESCRIPTION

The Sage Court Apartments is located at 730 – 820 East Turney Avenue in Phoenix, Arizona. It is situated on the north side of Turney Avenue, a residential street, between Indian School and Camelback Roads, major thoroughfares running through Phoenix. The property is less than two miles west of the SR-51 and less than three miles from the I-10, both major arterial highways that connect to the Loop 101 and I-17 freeways. These highways give residents of Sage Court easy access to downtown Phoenix and all other parts of the metropolitan area. Sage Court is also blocks away from the Metro Light Rail station that runs along Central Avenue.

The area immediately surrounding Sage Court contains a variety of schools, multifamily and single-family residential properties, retail, and hospitals including: VA Hospital and Phoenix Children’s Hospital. Several neighborhood shopping centers, parks, churches, and public facilities are located within a mile of the property; including Steele Indian School Park, 73 acres of facilities that features amphitheater, play ground facilities, and is home of the annual City of Phoenix Fourth of July fireworks show. Arizona State University Downtown Campus, Rio Salado Community College, and Phoenix Community College are all located within easy driving distance of Sage Court. The property is also located in close proximity of The Phoenix Sky Harbor International Airport, the fifth busiest airport in the nation, which provides residents many opportunities for employment. Nearby locations include Camelback Corridor and the Biltmore area major hubs for retail and business. These areas include recent developments of condominiums and senior housing.

 

PROPERTY DESCRIPTION

Sage Court is a one story community built in 1944 comprised of 29 units: 24 one bedroom / one bathroom units, four two bedroom / one bathroom units, and one three bedroom / two bathroom unit. The building is constructed of block with pitched shingle roofs.

Amenities include a coin operated washer and dryer facility. The property is individually metered for electricity and master metered for water. The property owner is responsible for the cost of water, sewer, and trash pickup, and the residents are responsible for the cost of electricity in their units, including the cost of heating and air conditioning. Seventeen covered parking spaces and eighteen uncovered parking spaces are provided on site, plus additional street parking is available.

The Sage Court Apartments is constructed on four rectangular sites of approximately 2.20 acres, providing a density of 13.2 units per acre.

DRIVE BY ONLY. PLEASE DO NOT DISTURB THE TENANTS OR ONSITE STAFF. PROPERTY TOURS WILL BE SCHEDULED UPON RECEIPT OF LETTER OF INTENT AND PROOF OF FUNDS – PLEASE ALLOW 48-HOURS NOTICE. PLEASE CONTACT LISTING BROKER FOR ADDITIONAL INFORMATION. THANK YOU.

 

REQUEST OFFERING MEMORANDUM

 

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