Updated Dec 19, 2023
Marcus & Millichap Brokers Sell Multifamily Property In Dallas For $Undisclosed Amount With Seller's Rep Mike Moses & Mike Koulakis
11620 Audelia Road, Dallas, Texas 75243, United States
Units
127
Asset Type
MultiFamily
Closing
May 21, 2022
About this deal
AI
Located at 11620 Audelia Rd in Dallas, this multifamily property is the subject of a recent sale transaction. The property consists of 127 units and was sold on 05/22/2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Market: Dallas
- Seller: Mike Moses & Mike Koulakis
- Brokers: Nick Fluellen, Bard Hoover & Wesley Racht - Marcus & Millichap
Nick Fluellen, Bard Hoover, and Wesley Racht from Marcus & Millichap represented the sellers, Mike Moses and Mike Koulakis, in this sale transaction.
On the Map
MultiFamily
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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