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John Klocek & Patrick Burch Facilitate Sale Of Multifamily Property In Glendale, AZ For $2.3M

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SOLD
$2,300,000

Arizona

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MultiFamily
Sold 03/07/2024
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Property Image
SOLD

John Klocek & Patrick Burch Facilitate Sale Of Multifamily Property In Glendale, AZ For $2.3M

6043 West Laurie Lane

See Similar Deals
MultiFamily
Sold 03/07/2024
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Summary

ARIZONA
Asset Type:MultiFamily
Transaction Type:Sale

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:

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

John Klocek
4 deals$19.3M volume
BROKER

Patrick Burch
ABI Multifamily
5 deals$27M volume
BROKER

Details

SOLD
IMAGE: John Klocek & Patrick Burch DATE: 03/07/2024 ADDRESS: 6043 West Laurie Lane MARKET: Glendale, AZ ASSET TYPE: Multifamily BROKERS: John Klocek & Patrick Burch - ABI Multifamily SALE PRICE: $2,300,000 UNITS: 8 ~ PPU: $287,500 NOTE: ABI Multifamily announced the sale of Laurie Lane Apartments, an 8-unit multifamily community in Glendale, Arizona, for $2,300,000, with John Klocek and Patrick Burch representing the seller.

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

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,171.42
Cash-on-Cash Return-1.27%
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