Updated Oct 29, 2024
Sherman Residential Sells Austin Multifamily Property With FourPoint Investment As Brokers
8001 S Ih 35 Frontage Rd, Austin, Tx 78744, Estados Unidos
Building Size
625 SF
Asset Type
MultiFamily
Closing
Sep 23, 2020
About this deal
AI
The property at 8001 S IH 35 Frontage Road in Austin has been sold in a multifamily transaction. The sale was facilitated by Kevin Dufour and Kyle Peco of FourPoint Investment. The property consists of 372 units and was sold by Sherman Residential.
Summary of transaction details
- Asset Type: Multifamily
- Transaction Amount: Not specified
- Units: 372
- Seller: Sherman Residential
- Brokers: Kevin Dufour & Kyle Peco – FourPoint Investment
The involvement of Kevin Dufour and Kyle Peco from FourPoint Investment played a key role in the successful sale of the property at 8001 S IH 35 Frontage Road in Austin. Their expertise and representation were instrumental in the completion of the transaction.
On the Map
MultiFamily
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Austin 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93