Updated Dec 4, 2024
ABI Multifamily Facilitates $2.4M Multifamily Sale In Phoenix, AZ
1525 West Indian School Road
$2,400,000
Units
18
Asset Type
MultiFamily
Closing
Mar 6, 2024
About this deal
AI
A multifamily property located at 1525 West Indian School Road in Phoenix, AZ, was sold for $2,400,000. The property consists of 18 units, equating to a price per unit of $133,333.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,400,000
- Units: 18
- Price Per Unit: $133,333
- Address: 1525 West Indian School Road
- Market: Phoenix, AZ
Andrew Arambula, Bryce Neagle, and Tom Palestina from ABI Multifamily acted as the brokers in facilitating the sale of the multifamily property at 1525 W. Indian School Road in Phoenix for $2.4 million.
Players
Phoenix 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
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93