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ABI Multifamily Facilitates $2.4M Multifamily Sale In Phoenix, AZ

Property Image
SOLD
$2,400,000
Andrew Arambula
Tom Palestina
Bryce Neagle

Arizona

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MultiFamily
Sold 03/06/2024
the dealplayerscompscontact
Property Image
SOLD

ABI Multifamily Facilitates $2.4M Multifamily Sale In Phoenix, AZ

1525 West Indian School Road

See Similar Deals
MultiFamily
Sold 03/06/2024
Andrew Arambula
Tom Palestina
Bryce Neagle
the dealplayerscompscontact
Contact now

Summary

ARIZONA
Asset Type:MultiFamily
Transaction Type:Sale

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

Andrew Arambula
ABI Multifamily
Andrew Arambula
1 deal$2.4M volume(602) 714-8994
BROKER
Tom Palestina
ABI Multifamily
Tom Palestina
1 deal$2.4M volume(602) 714-1297
BROKER
Bryce Neagle
ABI Multifamily
Bryce Neagle
1 deal$2.4M volume(602) 714-8931
BROKER

Details

SOLD
IMAGE: Andrew Arambula, Bryce Neagle & Tom Palestina DATE: 03/06/2024 ADDRESS: 1525 West Indian School Road MARKET: Phoenix, AZ ASSET TYPE: Multifamily BROKERS: Andrew Arambula, Bryce Neagle & Tom Palestina - ABI Multifamily SALE PRICE: $2,400,000 UNITS: 18 ~ PPU: $133,333 NOTE: ABI Multifamily facilitated the purchase of a multifamily property at 1525 W. Indian School Road in Phoenix for $2.4 million.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$127,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,526.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,377.22
Annual Debt Service$136,526.69