John Klocek & Patrick Burch Facilitate Sale Of Multifamily Property In Glendale, AZ For $2.3M
6043 West Laurie Lane
$2,300,000
Building Size
—
Asset Type
MultiFamily
Closing
Mar 7, 2024
AI
The Laurie Lane Apartments, an 8-unit multifamily community located at 6043 West Laurie Lane in Glendale, Arizona, was sold for $2,300,000. The property was represented by John Klocek and Patrick Burch of ABI Multifamily. Each unit in the multifamily community was priced at $287,500.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,300,000
- Units: 8
- Price Per Unit: $287,500
- Address: 6043 West Laurie Lane
- Market: Glendale, AZ
- Brokers: John Klocek & Patrick Burch - ABI Multifamily
ABI Multifamily facilitated the sale of the Laurie Lane Apartments in Glendale, Arizona. John Klocek and Patrick Burch represented the seller in the transaction, showcasing their expertise in the multifamily real estate market.
Players
Glendale 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
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93