Updated Jan 30, 2024
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
About this deal
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
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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