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SPI Advisory Acquires Parkview Terraces, A 244-unit South Austin Multifamily Property
SOLD
Texas
See Similar DealsMultiFamily
Sold 08/31/2023
SOLD
SPI Advisory Acquires Parkview Terraces, A 244-unit South Austin Multifamily Property
10101 S 1st St Austin, TX 78748, USA
See Similar DealsMultiFamily
Sold 08/31/2023
Summary
TEXAS
Asset Type:MultiFamily
Transaction Type:Sale
Parkview Terraces, a 244-unit apartment community in South Austin, has been acquired by SPI Advisory. The property, originally developed in 2009 as Cortland Southpark Terraces, recently underwent renovations. The seller and sales price were not disclosed.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not disclosed
- Units: 244
- Market: Austin
SPI Advisory, represented by Michael Becker, facilitated the acquisition of Parkview Terraces. The details of the transaction, including the buyer's representative and any additional parties involved, were not provided.
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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$0.00
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
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