Duke Capital Management Acquires Multifamily Property In Austin, TX For $10.1M
1101 Clayton Ln, Austin, Texas 78723, United States
Building Size
—
Asset Type
MultiFamily
Closing
Feb 10, 2022
AI
The multifamily property located at 1101 & 1105 Clayton Ln in Austin, TX has been sold in a recent transaction. The property consists of 78 units and was acquired by Duke Capital Management from Castle Crown Properties. The sale was facilitated by Jared Rice of Matthews Real Estate Investment Services.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $10,140,000
- Units: 78
- Address: 1101 & 1105 Clayton Ln, Austin, TX
- Market: Austin, TX
This deal involved the participation of key individuals and companies. Duke Capital Management acted as the buyer and Castle Crown Properties served as the seller. Jared Rice, representing Matthews Real Estate Investment Services, played a crucial role in facilitating the transaction.
Players
Austin 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