Prudent Growth Partners Sells River Pointe Commons Multifamily In Dallas For $6 Million
49 Hoisery Mill Road
$6,000,000
$264/SF
Building Size
22,665 SF
Asset Type
MultiFamily
Closing
Mar 18, 2026
AI
49 Hoisery Mill Road is a multifamily asset located in Dallas, GA. The property encompasses 22,665 square feet and was transacted for $6 million, translating to a price per square foot of approximately $265.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,000,000
- Square Footage: 22,665
- Address: 49 Hoisery Mill Road
- Market: Dallas, GA
- Seller: Tom Hahn - Prudent Growth Partners
Prudent Growth Partners originally acquired the property for $4.85 million in December 2022, indicating a significant appreciation in value since that purchase. Tom Hahn represented Prudent Growth Partners in this transaction.
Dallas 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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93