Updated Sep 5, 2024
ABI Multifamily Acquires 260-Unit Multifamily Property In Phoenix, AZ For $49.7M
6131 North 27th Avenue, Phoenix, Arizona 85017, United States
$49,700,000
Units
260
Asset Type
MultiFamily
Closing
Apr 17, 2023
About this deal
AI
The multifamily property located at 6131 N 27th Ave in Phoenix, AZ has been sold for a price of $49,700,000. This property consists of 260 units, with a price per unit of $191,154.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $49,700,000
- Address: 6131 N 27th Ave, Phoenix, AZ
- Market: Phoenix, AZ
- BROKERS: Alon Schnitzer, Rue Bax, Eddie Chang & Doug Lazovick - ABI Multifamily
- Units: 260
- Price Per Unit: $191,154
The sale of this multifamily property was facilitated by the brokers Alon Schnitzer, Rue Bax, Eddie Chang, and Doug Lazovick from ABI Multifamily.
On the Map
$49,700,000
MultiFamily
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Players
Phoenix 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
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93