Updated Oct 29, 2024
Weidner Apartment Homes Acquires 350-Unit Multifamily In Fort Worth From The Connor Group - Larry Connor
1001 West 7th Street, Fort Worth, Texas 76102, United States
Units
350
Asset Type
MultiFamily
Closing
Dec 13, 2022
About this deal
AI
The multifamily property located at 1001 W. Seventh St in Fort Worth has been sold. The property consists of 350 units and was recently acquired in a closed transaction.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 1001 W. Seventh St
- Market: Fort Worth
- Units: 350
Weidner Apartment Homes has purchased the property from The Connor Group. Larry Connor, representing The Connor Group, facilitated the transaction as the seller's representative.
Traded’s record for 1001 West 7th Street, Fort Worth, Texas 76102, United States in Fort Worth, Texas covers a multifamily sale from 2022. Reported inventory is 350 units across 350 units. This page is the Fort Worth, Texas file for the 1001 West 7th Street, Fort Worth, Texas 76102, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Fort Worth sit in the Market section below. Filter that Fort Worth multifamily set by closing date to see what else sold near 1001 West 7th Street, Fort Worth, Texas 76102, United States around 2022. Cite this Weidner Apartment Homes Acquires 350-Unit Multifamily In Fort Worth From The Connor Group - Larry Connor sale when underwriting similar multifamily product around Fort Worth, Texas.
Players
Fort Worth MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
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