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
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