Updated Dec 4, 2024
KDF Communities Acquires 64-Unit Multifamily Complex In Phoenix For $12.6 Million
27 East Corona Avenue
$12,600,000
Units
64
Asset Type
MultiFamily
Closing
Jul 25, 2024
About this deal
AI
The property involved in this transaction is a multifamily asset located at 27 East Corona Avenue, Phoenix, AZ. The sale price for the property was $12,600,000, consisting of 64 units. The price per unit (PPU) is calculated at $196,875.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $12,600,000
- Address: 27 East Corona Avenue
- Market: Phoenix, AZ
- Units: 64
- Price Per Unit: $196,875
JLL facilitated the transaction, connecting the seller with buyer KDF Communities. The brokers involved in the sale were Brian Smuckler, Bryson Fricke, Derek Smigiel, and Jeff Seaman, all representatives of JLL.
On the Map
$12,600,000
MultiFamily
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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
1.26%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93