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
Building Size
—
Asset Type
MultiFamily
Closing
Apr 17, 2023
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.
Players
Phoenix 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
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93