facebook

traded

+ Submit
Home

/

Deals

/

Texas

/

Multifamily

/

Sale

/

1101 Clayton Ln, Austin, Te...

Duke Capital Management Acquires Multifamily Property In Austin, TX For $10.1M
SOLDMultiFamily

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

Jared Rice

Colliers

Broker

3 deals

Broker

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