Updated Oct 20, 2026
SOLOAN INC Sells Property At 2414 W Devonshire Ave Phoenix For $2,175,000
2414 W Devonshire Ave
$2,175,000
$193/SF
Building Size
11,256 SF
Asset Type
MultiFamily
Closing
Jul 2, 2021
About this deal
AI
The property asset involved in the transaction is located at 2414 W Devonshire Ave in Phoenix. It was sold for $2,175,000.00 and has a total square footage of 11,256.0.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $2,175,000.00
- Address: 2414 W Devonshire Ave
- Market: Phoenix
- Seller: SOLOAN INC
- Brokers: Davide F. Pio, CCIM
The deal was brokered by Davide F. Pio, CCIM, who represented the seller, SOLOAN INC, in the transaction. This sale illustrates the ongoing real estate activity in the Phoenix market.
On the Map
$2,175,000
$193/SF
MultiFamily
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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
7.29%
Cash-on-Cash
-2.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93