SOLDMultiFamily
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
Building Size
—
Asset Type
MultiFamily
Closing
May 21, 2022
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.
Players
Dallas 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