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

Property Image
SOLD
$5,000,000
Patrick Burch
John Klocek

Arizona

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MultiFamily
Sold 02/26/2024
the dealplayerscompscontact
Property Image
SOLD

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

4917 East Holly Street

See Similar Deals
MultiFamily
Sold 02/26/2024
Patrick Burch
John Klocek
the dealplayerscompscontact
Contact now

Summary

ARIZONA
Asset Type:MultiFamily
Transaction Type:Sale

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
John Klocek
4 deals$19.3M volume
BROKER
Patrick Burch
ABI Multifamily
Patrick Burch
5 deals$27M volume
BROKER

Details

SOLD
IMAGE: John Klocek & Patrick Burch DATE: 02/26/2024 ADDRESS: 4917 East Holly Street MARKET: Phoenix, AZ ASSET TYPE: Multifamily ~ ACRES: 1.49 BROKERS: John Klocek & Patrick Burch - ABI Multifamily SALE PRICE: $5,000,000 UNITS: 30 ~ PPU: $166,667 NOTE: ABI Multifamily facilitated the acquisition of a two-property apartment portfolio in Phoenix, comprising 30 units, for $5 million, equating to $166,667 per unit.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$266,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$17,763.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,702.55
Annual Debt Service$284,430.61