Updated Oct 28, 2024
Keyway Acquires Multifamily Property In Richardson, TX For $21M
1000 West Spring Valley Road, Richardson, Texas 75080, United States
$21,000,000
Units
157
Asset Type
MultiFamily
Closing
Oct 31, 2022
About this deal
AI
A multifamily property located at 1000 West Spring Valley Road in Richardson, TX has been sold for a price of $21,000,000. The property consists of 157 units, with a price per unit of $133,758.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $21,000,000
- Address: 1000 West Spring Valley Road, Richardson, TX
- Market: Richardson, TX
- Buyer: Keyway - Matias Recchia
- Units: 157
- Price Per Unit: $133,758
Keyway - Matias Recchia represented the buyer in this transaction.
The multifamily sale at 1000 West Spring Valley Road, Richardson, Texas 75080, United States in Richardson, Texas sold for $21M in 2022. Reported inventory is 157 units across 157 units. Named participants on the 1000 West Spring Valley Road, Richardson, Texas 75080, United States sale are Matias Recchia. This page is the Richardson, Texas file for the 1000 West Spring Valley Road, Richardson, Texas 75080, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Richardson sit in the Market section below. Filter that Richardson multifamily set by closing date to see what else sold near 1000 West Spring Valley Road, Richardson, Texas 75080, United States around 2022. Published consideration for 1000 West Spring Valley Road, Richardson, Texas 75080, United States is $21M, dated 2022. Cite this Keyway Acquires Multifamily Property In Richardson, TX For $21M sale when underwriting similar multifamily product around Richardson, Texas.
Players
Richardson 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
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93