Updated Dec 20, 2023
Keener Investments Acquires Multifamily Property In Houston With Rep Stephen Smith
11881 Gulf Pointe Drive, Houston, TX 77089, USA
Building Size
1,365 SF
Asset Type
MultiFamily
Closing
Jul 27, 2020
About this deal
AI
The multifamily property located at 11881 Gulf Pointe Dr in Houston has been sold. The transaction took place on 07/27/2021. The property consists of 312 units and is located in the Houston market.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 11881 Gulf Pointe Dr
- Market: Houston
- Units: 312
The buyer of the property is Keener Investments, represented by Stephen Smith.
Traded’s record for 11881 Gulf Pointe Drive, Houston, TX 77089, USA in Houston, Texas covers a multifamily sale from 2020. Reported inventory is 1,365 square feet across 312 units, or about 0 per square foot. This page is the Houston, Texas file for the 11881 Gulf Pointe Drive, Houston, TX 77089, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Houston sit in the Market section below. Filter that Houston multifamily set by closing date to see what else sold near 11881 Gulf Pointe Drive, Houston, TX 77089, USA around 2020. Cite this Keener Investments Acquires Multifamily Property In Houston With Rep Stephen Smith sale when underwriting similar multifamily product around Houston, Texas.
Players
Houston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
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