ABI Multifamily Brokers Complete $21.5M Sale Of 59-Unit Multifamily Property In Phoenix, AZ
SOLD
Arizona
See Similar DealsMultiFamily
Sold 05/12/2022
SOLD
ABI Multifamily Brokers Complete $21.5M Sale Of 59-Unit Multifamily Property In Phoenix, AZ
425 West Osborn Road, Phoenix, Arizona 85013, United States
See Similar DealsMultiFamily
Sold 05/12/2022
Summary
ARIZONA
Asset Type:MultiFamily
Transaction Type:Sale
On December 5, 2022, a multifamily property located at 425 W Osborn, Phoenix, AZ, was sold for a total price of $21,500,000. The property consists of 59 units, with an average price per unit of $364,407.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $21,500,000
- Market: Phoenix, AZ
- Address: 425 W Osborn
- Units: 59
- Price per Unit (PPU): $364,407
Alon Shnitzer, Rue Bax, Eddie Chang, and Doug Lazovick from ABI Multifamily represented the involved parties in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,146,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$76,384.95
Cash-on-Cash Return-1.27%
Monthly Debt Service$101,920.97
Annual Debt Service$1,223,051.63
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