ABI Multifamily Brokers Complete $21.5M Sale Of 59-Unit Multifamily Property In Phoenix, AZ
425 West Osborn Road, Phoenix, Arizona 85013, United States
$21,500,000
Building Size
—
Asset Type
MultiFamily
Closing
May 12, 2022
AI
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.
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
0.74%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93