Lightbulb Capital Group Acquires Multifamily Property In Fort Worth
1001 West Rosedale Street, Fort Worth, Texas 76104, United States
Building Size
14,850 SF
Asset Type
MultiFamily
Closing
Apr 4, 2022
AI
The multifamily property located at 1001 W Rosedale St in Fort Worth has been sold. The transaction took place on 04/05/2022. The property, consisting of 390 units, was sold by Lang Partners to Lightbulb Capital Group, represented by Jay Schuminsky. The sale was facilitated by Drew Kile, Joey Tumminello, Michael Ware, Taylor Hill, Jeffrey Kindorf, and Will Balthrope of Institutional Property Advisors (IPA) - Marcus & Millichap.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Units: 390
- Address: 1001 W Rosedale St
- Market: Fort Worth
The deal was successfully completed with the assistance of the brokers Drew Kile, Joey Tumminello, Michael Ware, Taylor Hill, Jeffrey Kindorf, and Will Balthrope from Institutional Property Advisors (IPA) - Marcus & Millichap. They played a crucial role in representing the buyer, Lightbulb Capital Group, and facilitating the transaction.
Players
Fort Worth 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