Updated Dec 19, 2023
Jacobson Co. Acquires 183-Unit Multifamily In Plano, TX At 1009 14th St
1009 14th Street, Plano, Texas 75074, United States
Building Size
341,000 SF
Asset Type
MultiFamily
Closing
Feb 14, 2022
About this deal
AI
The multifamily property located at 1009 14th St in Plano has been sold in a recent transaction. The property consists of 183 units, making it a significant investment opportunity in the market. The sale of this property was completed on 02/15/2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 1009 14th St
- Market: Plano
- Units: 183
The buyer in this transaction is the Jacobson Co., with Larry Jacobson representing the company in the deal. Jacobson Co. has acquired the property, taking advantage of the investment potential offered by the multifamily asset.
Players
Plano 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