Updated Dec 4, 2024
RC Investment Properties Acquires 19-Unit Multifamily In Houston, TX
101 Avondale Street
Building Size
13,000 SF
Asset Type
MultiFamily
Closing
Dec 5, 2023
About this deal
AI
The multi-family property located at 101 Avondale Street in Houston, TX has been sold in a closed transaction. The property consists of 19 units with a total square footage of 13,000. The sale took place on 12/05/2023.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: Not mentioned in the CONTEXT
- Units: 19
- Square Footage: 13,000
- Address: 101 Avondale Street, Houston, TX
- Market: Houston, TX
The buyer in this off-market transaction is RC Investment Properties represented by Michael Rosen & Bradley Couch. The seller is the Babineck Family Trust. This sale marks the first time the asset has traded in nearly 40 years.
On the Map
MultiFamily
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Houston MultiFamily Market Snapshot
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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