Orion Investment Real Estate Brokers Sell Phoenix Multifamily Property For $24M
2122 West Butler Drive, Phoenix, Arizona 85021, United States
$24,000,000
Units
150
Asset Type
MultiFamily
Closing
Oct 31, 2022
AI
The multifamily property located at 2122 W Butler Drive in Phoenix, AZ has recently been sold for a total price of $24,000,000. This property consists of 150 units, resulting in a per unit price of $160,000. The sale was facilitated by Linda Fritz-Salazar and Angelessa Ritchie from Orion Investment Real Estate.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $24,000,000
- Units: 150
- Price Per Unit: $160,000
- Brokers: Linda Fritz-Salazar & Angelessa Ritchie - Orion Investment Real Estate
The involvement of Linda Fritz-Salazar and Angelessa Ritchie from Orion Investment Real Estate was crucial in facilitating this successful transaction. Their expertise and experience in the industry played a significant role in ensuring a smooth process for both the buyer and the seller.
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
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93