Updated Oct 28, 2024
Rise48 Equity Sells Phoenix Multifamily For $15.6M
3620 E McDowell Rd, Phoenix, AZ, USA
$15,600,000
$312/SF
Building Size
49,930 SF
Asset Type
MultiFamily
Closing
Nov 11, 2021
About this deal
AI
The multifamily property located at 3620 E McDowell Rd in Phoenix, AZ has been sold for $15,600,000. This property spans across 2.3 acres and consists of 76 units, resulting in a price per unit of $205,263. The sale took place on 11/11/2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $15,600,000
- Address: 3620 E McDowell Rd, Phoenix, AZ
- Market: Phoenix, AZ
- Acres: 2.3
- Seller: Rise48 Equity - Robert Szewczyk
The sale of this multifamily property was facilitated by Robert Szewczyk, representing Rise48 Equity. The transaction involved the transfer of ownership for the 76 units at a price per unit of $205,263.
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
1.02%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93