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Sold on 05/08/2013

730 E Turney Ave, Phoenix, AZ 85014

  • $1,986,000

    Last sold 05/08/2013 for $760K

  • 35

    bed

  • 1428

    bath

Multi-family not for sale
80 homes bought nearby with Movoto recently

About 730 E Turney Ave

Property type Multi-family
Neighborhood
Year built 1946
HOA fee $0/month
Movoto estimate
Property description
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. This is a 9.41% CAP RATE.
Listed by
Listing Agent - Natan Jacobs
Listing Office - Vestis Group
Source: ARMLS mls logo
MLS#4845168 • last updated 3 months ago
Movoto checked ARMLS for data 5 minutes ago
Overview
Cooling/AC Evaporative Cooling, Individual
Heating Natural Gas, Floor Furnace, Wall Furnace
MLS # 4845168
Type Multiple Dwellings
Status Closed
Property Tax 7638.54
Year Built 1946
Interior
Flooring Stone, Concrete
Appliances Free-Standing Range, Refrigerator
Exterior
Roof Composition
Construction Brick Veneer, Painted, Block, Brick, Slump Block
Parking Free, Add'l Parking Avail, <1 Space Per Unit, On Street, Carport
# of Covered Spaces 14
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Sewer-In & Connected, Public Sewer
Location
Community Features No Pool
Elementary School District Osborn Elementary District
High School District Phoenix Union High School District
APN 155-19-013
Zoning R-3
Multifamily Details
Total # of Units 29
Expense: Operating 93067.54
Financial Data Source Owner, Projected Proforma
Expense: Maintenance 14500
Vacancy Allowance 0.1
Expense: Insurance 4350
Net Operating Income 88481
Gross Income 173475
Expense: Other 45764
Expense: Professional Management 13565
Gross Scheduled Income 188400
Lot/ Land Details
Road Surface Asphalt
$1.98M
Range: $893K-$3.07M
Last 30 days 
  • Apr 2018
    mls logo MLS # 5716192
  • Apr 23, 2018 Sold
    $910,345 (+19.8%)
  • May 2013
    mls logo MLS # 4845168
  • May 8, 2013 Sold
    $760,000 (-19.1%)
  • Nov 5, 2012 Listed
    $940,000
  • 730 E Turney Ave
    $760K
  • Encanto
    $539K
  • 85014
    $460K -17% y/y
  • Phoenix
    $474K -1% y/y
No chart available
Statistics calculated by Movoto

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3/10
Longview Elementary School
public Grades PK, K-8
Osborn Elementary District
4/10
Osborn Middle School
public Grades 7-8
Osborn Elementary District
8/10
Phoenix Coding Academy
public Grades 9-12
Phoenix Union High School District
3/10
North High School
public Grades 9-12
Phoenix Union High School District
Source: GreatSchools.org © 2026. All rights reserved.

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  • Real Estate
  • AZ
  • Maricopa County
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  • 85014
  • 730 E Turney Ave
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