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
Houston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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