Marcus & Millichap Brokers Sell Multifamily Property In Irving With 94 Units
1113 North O'Connor Road, Irving, TX 75061, USA
Building Size
40,625 SF
Asset Type
MultiFamily
Closing
Oct 25, 2021
AI
A multifamily property with 94 units located at 1113 N O'Connor Rd in Irving has been sold. The sale was facilitated by David Fersing, Nick Fluellen, Bard Hoover, & Wesley Racht of Marcus & Millichap. The transaction took place on October 25, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not provided
- Address: 1113 N O'Connor Rd
- Market: Irving
- Units: 94
The property, located at 1113 N O'Connor Rd in Irving, was sold through the efforts of David Fersing, Nick Fluellen, Bard Hoover, & Wesley Racht from Marcus & Millichap.
Players
Irving 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