Updated Dec 4, 2024
RPM Investments Acquires 352 Unit Multifamily Property From Nimes Real Estate In Carrollton
1011 South Main Street
Building Size
4,059 SF
Asset Type
MultiFamily
Closing
Oct 8, 2024
About this deal
AI
The asset involved in this transaction is a multifamily property located at 1011 South Main Street, known as Lux on Main. This property contains 352 units and encompasses a total square footage of 4,059 in the Carrollton market.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Units: 352
- Square Footage: 4,059
- Address: 1011 South Main Street - Lux on Main
- Market: Carrollton
- Buyer: RPM Investments
- Seller: Nimes Real Estate
- Brokers: Grant Raymond & Asher Hall - Cushman & Wakefield
In this transaction, RPM Investments acted as the buyer while Nimes Real Estate served as the seller. The brokers facilitating the deal were Grant Raymond and Asher Hall, representing Cushman & Wakefield.
On the Map
MultiFamily
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Players
Carrollton 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