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4917 East Holly Street

ABI Multifamily Brokers Facilitate $5M Apartment Portfolio Sale In Phoenix, AZ
SOLDMultiFamily

ABI Multifamily Brokers Facilitate $5M Apartment Portfolio Sale In Phoenix, AZ

4917 East Holly Street

$5,000,000

Building Size

Asset Type

MultiFamily

Closing

Feb 26, 2024

AI

The property involved in the transaction is a multifamily asset located at 4917 East Holly Street in Phoenix, AZ. The property sits on 1.49 acres of land and comprises a total of 30 units. The sale price for this asset was $5,000,000, translating to $166,667 per unit.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $5,000,000
  • Units: 30
  • Price Per Unit: $166,667
  • Address: 4917 East Holly Street
  • Market: Phoenix, AZ
  • Brokers: John Klocek & Patrick Burch - ABI Multifamily

ABI Multifamily played a key role in facilitating the acquisition of the two-property apartment portfolio in Phoenix. John Klocek and Patrick Burch, representing ABI Multifamily, were instrumental in closing the deal, showcasing their expertise in the real estate market of Phoenix, AZ.

Players

John Klocek

ABI Multifamily

Broker

$19.3M

vol

4 deals

Broker

Phoenix MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.17%

Cash-on-Cash

-0.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93