Updated Dec 21, 2023
Institutional Property Advisors Sell Multifamily Property In Tempe, AZ For $21.25M
1065 West 2nd Street, Tempe, Arizona 85281, United States
$21,250,000
Units
37
Asset Type
MultiFamily
Closing
Jul 26, 2022
About this deal
AI
The multifamily property located at 1065 W 2nd St in Tempe, AZ has been sold for a total price of $21,250,000. The property consists of 37 units, with an average price per unit of $574,324.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $21,250,000
- Units: 37
- Price Per Unit (PPU): $574,324
The sale of this multifamily property was facilitated by Steve Gebing and Cliff David of Institutional Property Advisors.
The multifamily sale at 1065 West 2nd Street, Tempe, Arizona 85281, United States in Tempe, Arizona sold for $21.3M in 2022. Reported inventory is 37 units across 37 units. Steve Gebing, Cliff David, Institutional Property Advisors appear on the sale alongside Institutional Property Advisors. This page is the Tempe, Arizona file for the 1065 West 2nd Street, Tempe, Arizona 85281, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Tempe sit in the Market section below. Filter that Tempe multifamily set by closing date to see what else sold near 1065 West 2nd Street, Tempe, Arizona 85281, United States around 2022. Published consideration for 1065 West 2nd Street, Tempe, Arizona 85281, United States is $21.3M, dated 2022. Cite this Institutional Property Advisors Sell Multifamily Property In Tempe, AZ For $21.25M sale when underwriting similar multifamily product around Tempe, Arizona.
Players
Tempe MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.75%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93