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10803 Green Creek Drive, Ho...

Chris Siemasko's The Multifamily Group Sells 136-unit Multifamily Property In Houston
SOLDMultiFamily

Chris Siemasko's The Multifamily Group Sells 136-unit Multifamily Property In Houston

10803 Green Creek Drive, Houston, Texas 77070, United States

Building Size

Asset Type

MultiFamily

Closing

Jun 5, 2022

AI

10803 Greencreek Dr, a multifamily property located in Houston, was recently sold in a closed transaction. The property, spanning across 6.5 acres, consists of 136 units. The sale was facilitated by Chris Siemasko of The Multifamily Group.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: Not available
  • Units: 136
  • Acres: 6.5
  • Broker: Chris Siemasko - The Multifamily Group

The sale of 10803 Greencreek Dr in Houston highlights the successful transaction of a multifamily property with 136 units situated on 6.5 acres. Chris Siemasko, a representative from The Multifamily Group, played a crucial role in facilitating the deal.

Players

Chris Siemasko

The Multifamily Group

Broker

7 deals

Broker

Houston 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