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6043 West Laurie Lane

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

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:

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

ABI Multifamily

Broker

$19.3M

vol

4 deals

Broker

Glendale MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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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