Updated Jul 14, 2026
SOLDMultiFamily
Imani Abdullah Of Aurora Palms LLC Acquires Fireside Apartments From Anna And Mike Brennen For $4.75M
4202 North 27th Street
$4,750,000
Units
20
Asset Type
MultiFamily
Closing
Jul 8, 2026
About this deal
AI
Fireside Apartments is a 20-unit multifamily property located at 4202 North 27th Street in Phoenix, AZ. The property spans 1.47 acres and was built in 1962. The asset was sold off-market for $4,750,000, translating to a price per unit of $237,500.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,750,000
- Address: 4202 North 27th Street
- Market: Phoenix, AZ
- Units: 20
- Price per Unit: $237,500
- Buyer: Imani Abdullah - Aurora Palms LLC
- Seller: Anna Brennen, Mike Brennen - Fireside Apartments
- Brokers: Richard Butler - Marcus & Millichap
Imani Abdullah, representing Aurora Palms LLC, acquired the property from sellers Anna and Mike Brennen. The transaction was facilitated by Richard Butler from Marcus & Millichap, who arranged the sale as the buyer intends to renovate the property to increase its value, reflecting ongoing demand for multifamily assets in central Phoenix.
Players
Santa 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
3.34%
Cash-on-Cash
-0.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93