Back on Market! Buyer Could not get his financing together! His loss is your gain!! Cash Flowing - Fully Repositioned 36-unit Apartment Community located in North Phoenix off of Cave Creek Road - West of the SR-51 Freeway and near Lookout Mountain. Property has had Many Improvements and Updates - Property was Rehabbed in 2012. Actual gross rents of $228,900 based on Current Rent Roll with Added Income of $4620 equals $233,520.00 Adjusted Gross Income. After expenses of $110,968.00 the Actual Net Operating Income is $122,552.00, which minus the vacancy allowance is a 7.47% CAP RATE! Great Unit Mix!!
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